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November Brain Squad Survey Is Now Open — Here’s What We’re Seeing

Are you a store-owner or top manager? There’s still time for you to respond.

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November Brain Squad Survey Is Now Open — Here’s What We’re Seeing

WE’RE A FEW DAYS into collecting results for this month’s Brain Squad survey, and one thing’s already clear: NOBODY’s bored out there.

INSTORE Brain Squad surveys are designed exclusively for jewelry store owners and top managers in the United States and Canada. If that’s you and you haven’t weighed in yet, there’s still time to add your voice to the conversation.

Go to the weblink to submit your responses.

This Month’s Survey So Far: A Few Findings

Potential Headline: Gold Rush Reality — Jewelers Split on Whether $5,000+ Gold is Coming, or Going

Survey shows deep division on future gold prices, with jewelers torn between “stable at current levels” and “over $5,000/oz”.

Quotable Comment: The Perfect Revenge

A Maryland jeweler, asked to recall the story of a toxic customer for our “True Tales” section, recounted: “Crazy woman! Year one, called to complain about staff but we couldn’t figure who worked that day. Year two, called about a second coworker. Year 3, complained face to face to coworker about coworker. Coworker said to customer ‘maybe stop being so bitchy.’ She left, cried to her adult son. Son wrote us a note of how upset his mom was and that she would not be returning. Best day ever! Coworker’s birthday cake read ‘Happy Birthday, Bitch’ that year.”

Potential Headline: The $4,000 Gold Dilemma — Jewelers Reveal Their Survival Strategies

From conservative markups to refusing to apologize for prices, retailers share how they’re navigating sky-high gold costs.

Quotable Comment: Collaboration Disaster

Asked about how collaboration has worked for his business, an Indiana jeweler told the following story: “Partnered with a local high-end restaurant. We gave $100 vouchers for meals, and they were supposed to give $100 gift certificates to their better patrons. What they did instead was to keep most for themselves and give the rest out as employee bonuses… When I thought I had an understanding with them, they did it again. I haven’t eaten there since.”

This month’s survey closes late next week, so be sure to get your responses in. Once you complete the survey, you can see how other jewelers responded. Remember, INSTORE’s Brain Squad surveys are designed to be taken by store owners and top managers ONLY.

Go to the weblink to submit your responses.
 

Brain Squadders: We Want Your Video Responses!

In 2026, we’re looking to add video submissions to a few key departments. We need video. You have a phone. C’mon, let’s make this happen.

We’re trying to add more video content to our website — which means we need you. Pull out your phone, hit record, say something smart (you always do), and upload it. Should take two minutes, max.

Here are the departments where we’re seeking video submissions:

True Tales: Got a True Tale of a toxic customer to tell? Shoot it and send here.

Manager’s To Do inspiration: What are your key goals and to-dos for your business this January? Shoot your video and send here.

Gold prices — or any other current issue? Where do you think gold prices are going in the year ahead? Send your video responses here.

Do any of these and you officially become our favorite person.

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SPONSORED VIDEO

Closing With Confidence: How Bailey's Fine Jewelry Achieved Outstanding Results With Wilkerson

When Trey Bailey, President and CEO of Bailey's Fine Jewelry, decided to close the Crabtree location in Raleigh, North Carolina after 15 years, he knew the decision needed to be handled with intention and professionalism. The goal was clear: exit the location while maintaining financial strength and honoring the store's legacy. Having worked with Wilkerson successfully in the past, Bailey understood the value of their comprehensive approach. "They understood both the emotional and financial sides of the store closing sale," Trey explains. "Their reputation for professionalism, results and care made it a very easy decision." The results exceeded expectations. Wilkerson helped Bailey's sell through significant inventory while maintaining the dignity of the closing process. "They don't just run a sale, they help close a chapter in the best way possible," Bailey says, strongly recommending Wilkerson to any jeweler facing a similar transition.

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