Jimmy Degroot

Smith and DeGroot Release ‘A Vendor Perspective’ Podcast Episode

The industry veterans discuss the relationships between retailers and vendors — dynamics, potential problems, and how to keep them on track.

Published

2 years ago

March 13, 2024

Jimmy DeGroot

IN EPISODE 7 of The Business of Jewelry Podcast, Jimmy DeGroot and Peter Smith talk about the supplier’s point of view in the industry. In “A Vendor Perspective,” the industry veterans discuss the relationships between retailers and vendors — dynamics, potential problems, and how to keep them on track. They discuss how industry members on both sides of the aisle can form and maintain positive, productive partnerships.

How Bailey’s Fine Jewelry Navigated a Store Closing With Confidence

After 15 years in Raleigh’s Crabtree location, Bailey’s Fine Jewelry president Trey Bailey faced a challenging decision: how to close a store while preserving both financial strength and the brand’s reputation. The answer was Wilkerson. “They understood both the emotional and financial sides,” Bailey explains. The results? Significant inventory reduction with professionalism throughout. “They don’t just run a sale—they help close a chapter in the best way possible.” Watch Bailey share his experience.