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Reader Letters on the Economy and More

Plus some loved the INSTORE Design Awards while others did not.

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  • LOVED the INSTORE Design Awards issue. It shows what other jewelers like throughout the whole industry. My associates and I voted as a group and looked at the issue together. It was a great way to appreciate styles, stones, and craftsmanship. I’m nervous about an additional slowdown and having more inventory than I need at that time. It’s a catch 22: I need it now but can’t predict the future, and there is a lot of difference in the amount of inventory now and in 2019. — Valerie G., Edenton, NC
  • I thought just about everything looked the same in the Design Awards. Seems like the same companies keep competing on who can mirror who. I didn’t really care for the selections. — Marc M., Midland, TX
  • I was really excited to be back at JCK (I haven’t been since before the pandemic). It was a super successful show and it felt like everyone was in a great mood. — Becky B., Peabody, MA
  • We’re worried about a recession coming sooner than later. Focusing on engagement rings from here on out. Starting to pivot. Getting a buy license. — Elizabeth S., San Diego, CA
  • So far, we have not suffered any noticeable ill effects from the state of the economy or the total chaos in Washington DC, but I fear it will catch up with us in the second half of 2022. — James S., Lowell, IN
  • As an industry, it’s time to get out of the negative and into the positive. One thing I learned in retail sales, which I’ve been in since I was 19 years old (I’m now 62), is the power of positivity. This is going to be the best year ever if you get off your butt to make it happen. Would like more detail in the articles on utilizing modern-day marketing techniques. Great magazine; I love reading that every time it comes out. — Rick W., South Jordan, UT
  • I feel the second half of this year will be good if, if, if … jewelers focus on their stores, staff and stay positive and not buy into the news of high interest rates and high gas prices. You are what you focus on. Stay positive, talk positive, advertise positively. — Dan L., Concord, NC
  • Second half of ‘22 will be quite interesting. Will people finally start pulling back? They certainly aren’t so far, but my RJO show purchases will be more guarded. Which will be tough because it’s close enough I can take all my staff … they will find lots they think I should buy. 🙂 — Tom N., Spencer, IA
  • So as the debate between lab-grown and natural diamonds rages on, one thing that cannot be denied when it comes to lab-grown: They are truly stunning stones, made well and really have the wow factor when customers (and jewelers) see them. — Alex W., Torrance, CA
  • After 50 years in the magical jewelry industry, I’ve semi-retired to a smaller — less rent and more enjoyable business!! Thanks to everyone I’ve had the pleasure of meeting and working with along the way. What a great industry and a great way to spend the last 50 years. Life is good. — Frank S., Plantation, FL

Share your thoughts with INSTORE. Email us at editor@instoremag.com

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Moving Up — Not Out — with Wilkerson

Trish Parks has always wanted to be in the jewelry business and that passion has fueled her success. The original Corinth Jewelers opened in the Mississippi town of the same name in 2007. This year, Parks moved her business from its original strip mall location to a 10,000-square foot standalone store. To make room for fresh, new merchandise, she asked Wilkerson to organize a moving sale. “What I remember most about the sale is the outpouring excitement and appreciation from our customers,” says Parks. Would she recommend Wilkerson to other jewelers? “I would recommend Wilkerson because they came in, did what they were supposed to and made us all comfortable. And we met our goals.”

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