Connect with us

Headlines

New Owners of Ice.com Plan to Make It Biggest Jewelry Store on the Internet

mm

Published

on

The owners want to bring pricing transparency to the industry.

Maybe you remember Ice.com. It used to be an online jewelry store, but it went by the wayside during the recession. Now, Tech Crunch writes, the domain name is owned by two men who purchased it for $3 million in 2014 to set up their own jewelry marketplace with a fair-pricing business model.

According to the article, Ice.com negotiates with vendors on pricing and requires that items be sold at an undisclosed percent off from competitive market pricing. The website targets the middle of the market and currently offers more than 100,000 SKUs, though the owners – both of whom have impressive track records in e-commerce – plan to ramp up that number to as high as 500,000 by the end of the year, which would make Ice.com the biggest online jewelry marketplace. They also recently raised $2 million from a gaggle of venture capitalists that should help them move closer to that distinction.

Read more at Tech Crunch

Advertisement

Advertisement

SPONSORED VIDEO

Wilkerson Testimonials | Sollberger’s

Going Out of Business Is an Emotional Journey. Wilkerson Is There to Make It Easier.

Jaki Cowan, the owner of Sollberger’s in Ridgeland, MS, decided the time was right to close up shop. The experience, she says, was like going into the great unknown. There were so many questions about the way to handle the store’s going-out-of-business sale. Luckily for Cowan, Wilkerson made the transition easier and managed everything, from marketing to markdowns.

“They think of everything that you don’t have the time to think of,” she says of the Wilkerson team that was assigned to manage the sale. And it was a total success, with financial goals met by Christmas with another sale month left to go.

Wilkerson even had a plan to manage things while Covid-19 restrictions were still in place. This included limiting the number of shoppers, masking and taking temperatures upon entrance. “We did everything we could to make the staff and public feel as safe as possible.”

Does she recommend Wilkerson to other retailers thinking of retiring, liquidating or selling excess merchandise? Absolutely. “If you are considering going out of business, it’s obviously an emotional journey. But truly rest assured that you’re in good hands with Wilkerson.”

Promoted Headlines

Most Popular