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Sally Furrer: Tap the bridal market around Valentine’s Day

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Sally Furrer: Tap the bridal market around Valentine’s Day

While Valentine’s Day is one of the top events for most retail jewelers, the average sale tends to be lower than Christmas, as the other gifts men are contemplating are lower-priced flowers, chocolates, etc. What can build your Valentine’s Day volume, however, is bridal.

Many people don’t realize that February is the second strongest engagement month of the year, eclipsed only by December. December has both all the family gathering of the season (when many couples like to announce their engagement) and New Year’s Eve (a popular time to get engaged).

But no one can deny the romance of getting engaged on Valentine’s Day!

When I see all the jewelry advertisements for Valentine’s Day I see plenty of the traditional heart-shaped pendants and earrings, and the typical offerings. What I don’t see is bridal, which has always perplexed me. Seems like a great opportunity for jewelry retailers.

If you put as much time, effort and money into bridal as you do your other products, you will see an increased average sale and higher revenues.

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Here is how to maximize your bridal business for Valentine’s Day:

Marketing

  • Alternate whatever marketing vehicles you use between bridal and fashion jewelry beginning in January and carry it through Valentine’s Day.
  • Offer a “bridal bag” complete with wedding band certificate, jewelry cleaner, coupons from local bridal vendors, and a free gift certificate to get the bride to be into your store.
  • Offer a free wedding planning book or proposal stories book.

Display

  • Put various framed images of a man proposing to a woman in your bridal cases. (This month’s Prop Talk column on page 44 suggests www.bigstockphoto.com as a source for photos.)
  • Subtle romantic touches such as red silk rose petals strewn around are evocative and different from the common heart-shaped theme items most retailers use.
  • Expand your bridal cases — with imaginative display you won’t need additional product.

Merchandising

  • Assess your current bridal offerings: Are your assortments compelling? Do you have the popular looks covered? Do you have enough matching ladies wedding bands? Are you featuring enough of the alternative metal gents bands? Are you stocking some platinum for the discerning client? Do you have enough petite bridal for entry price points?
  • If your bridal assortment is lacking, now is the time to bring in fresh, new product. With some long vendor lead times — you may need to place your orders in December, so don’t delay!
  • Make sure that all your fast selling bridal has been reordered and is in your cases by Feb. 1.

Training

  • Dedicate a training session, or a series of training sessions for your staff to just selling bridal and diamonds. Even the most seasoned sales associate needs to brush up on his skills.
  • The bridal client can be him shopping alone, them shopping as a couple, or her shopping alone or with friends — each requires a different approach.

People are buying engagement rings in February — the question is will they be buying it from you? You have the potential to capitalize on this important segment. There is no better product group than bridal to build your average sale and increase your sales. Some of the best things about bridal are that you are cultivating a new client, they are both potential clients, and they are at the beginning of their buying cycle. There is no question that bridal is the foundation of a healthy, growing jewelry store. Valentine’s Day is the perfect opportunity to kick-start your bridal business!

Sally Live!

Meet Sally at The SMART Jewelry Show, at Chicago’s Navy Pier from April 21-23, 2012. To register, go to smartjewelryshow.com/register

This story originally appeared in the December 2011 edition of INSTORE

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SPONSORED VIDEO

Wilkerson Testimonials | C. Aaron Peñaloza Jewelers

Wilkerson Paves the Way for the Future

After serving the San Antonio, Texas community for decades, C. Aaron Peñaloza Jewelers closed its doors earlier this year. Aaron and Mary Peñaloza, the store’s owners, chose Wilkerson to handle their retirement sale. “In the first six days, we did six months’ worth of business,” says Aaron. “In the first three weeks, we did a year’s worth of business.” Mary Peñaloza says Wilkerson’s ability to tailor the sale to their store’s requirements really made it all so much easier. “They are professionals,” she says. “They know what they’re doing. They have a plan, but they will listen to you and adjust that plan to your needs.”

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Columns

Sally Furrer: Tap the bridal market around Valentine’s Day

mm

Published

on

Sally Furrer: Tap the bridal market around Valentine’s Day

While Valentine’s Day is one of the top events for most retail jewelers, the average sale tends to be lower than Christmas, as the other gifts men are contemplating are lower-priced flowers, chocolates, etc. What can build your Valentine’s Day volume, however, is bridal.

Many people don’t realize that February is the second strongest engagement month of the year, eclipsed only by December. December has both all the family gathering of the season (when many couples like to announce their engagement) and New Year’s Eve (a popular time to get engaged).

But no one can deny the romance of getting engaged on Valentine’s Day!

When I see all the jewelry advertisements for Valentine’s Day I see plenty of the traditional heart-shaped pendants and earrings, and the typical offerings. What I don’t see is bridal, which has always perplexed me. Seems like a great opportunity for jewelry retailers.

Advertisement

If you put as much time, effort and money into bridal as you do your other products, you will see an increased average sale and higher revenues.

Here is how to maximize your bridal business for Valentine’s Day:

Marketing

  • Alternate whatever marketing vehicles you use between bridal and fashion jewelry beginning in January and carry it through Valentine’s Day.
  • Offer a “bridal bag” complete with wedding band certificate, jewelry cleaner, coupons from local bridal vendors, and a free gift certificate to get the bride to be into your store.
  • Offer a free wedding planning book or proposal stories book.

Display

  • Put various framed images of a man proposing to a woman in your bridal cases. (This month’s Prop Talk column on page 44 suggests www.bigstockphoto.com as a source for photos.)
  • Subtle romantic touches such as red silk rose petals strewn around are evocative and different from the common heart-shaped theme items most retailers use.
  • Expand your bridal cases — with imaginative display you won’t need additional product.

Merchandising

  • Assess your current bridal offerings: Are your assortments compelling? Do you have the popular looks covered? Do you have enough matching ladies wedding bands? Are you featuring enough of the alternative metal gents bands? Are you stocking some platinum for the discerning client? Do you have enough petite bridal for entry price points?
  • If your bridal assortment is lacking, now is the time to bring in fresh, new product. With some long vendor lead times — you may need to place your orders in December, so don’t delay!
  • Make sure that all your fast selling bridal has been reordered and is in your cases by Feb. 1.

Training

  • Dedicate a training session, or a series of training sessions for your staff to just selling bridal and diamonds. Even the most seasoned sales associate needs to brush up on his skills.
  • The bridal client can be him shopping alone, them shopping as a couple, or her shopping alone or with friends — each requires a different approach.

People are buying engagement rings in February — the question is will they be buying it from you? You have the potential to capitalize on this important segment. There is no better product group than bridal to build your average sale and increase your sales. Some of the best things about bridal are that you are cultivating a new client, they are both potential clients, and they are at the beginning of their buying cycle. There is no question that bridal is the foundation of a healthy, growing jewelry store. Valentine’s Day is the perfect opportunity to kick-start your bridal business!

Sally Live!

Meet Sally at The SMART Jewelry Show, at Chicago’s Navy Pier from April 21-23, 2012. To register, go to smartjewelryshow.com/register

This story originally appeared in the December 2011 edition of INSTORE

Advertisement

Advertisement

SPONSORED VIDEO

Wilkerson Testimonials | C. Aaron Peñaloza Jewelers

Wilkerson Paves the Way for the Future

After serving the San Antonio, Texas community for decades, C. Aaron Peñaloza Jewelers closed its doors earlier this year. Aaron and Mary Peñaloza, the store’s owners, chose Wilkerson to handle their retirement sale. “In the first six days, we did six months’ worth of business,” says Aaron. “In the first three weeks, we did a year’s worth of business.” Mary Peñaloza says Wilkerson’s ability to tailor the sale to their store’s requirements really made it all so much easier. “They are professionals,” she says. “They know what they’re doing. They have a plan, but they will listen to you and adjust that plan to your needs.”

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