Jimmy Degroot

Outdated Inventory Hurts You More Than You Think!

Think of it as “old rotten meat”.

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Published

6 years ago

October 10, 2017

Jimmy DeGroot

If you want to put that spring back into your cashflow step, get rid of your stale inventory ASAP, says marketing specialist Jimmy DeGroot.

He explains in the video below: “You’re a grocery store and that meat is old and you need it gone … NOW. That old jewelry is money you have tied up in your showcases, money that you could be using on payroll, expenses, new, fast-selling jewelry.”

Imagine what $25,000, or maybe even $50,000, could do for your business, he says. DeGroot offers several ideas for making it happen.

Learn more:

Related Topics: Jimmy DeGroot management

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Jimmy DeGroot

Jimmy DeGroot is a jewelry store manager who has been in the business for over 20 years. Now he spends his time training teams around the world at jewelrystoretraining.com and sharing marketing advice through his blog site at jewelrymarketingguy.com. Sign up for training videos here.

Wilkerson Testimonials

Wilkerson: “They Feel Like Family”

Newton’s Jewelers in Fort Smith, Ark., was a true institution. But after being at the helm for most of his life, owner (and descendent of the original founder) Kelly Newton decided it was time to retire. He chose Wilkerson to handle the sale. “I’ve known the owners of Wilkerson for a long, long time. I felt at home with them,” he says. The final retirement sale was just a “blast” and the Wilkerson sales team made it so very simple and straightforward, says Newton. Would he recommend Wilkerson to others? Absolutely. “They’ve done incredible work,” says Newton. “They feel like family.”