Connect with us

Fun

Sudden Windfall? Jewelers Would Put It in the Bank!

What if you suddenly had $250,000?

mm

Published

on

What if you suddenly had $250,000?

If a favorite aunt left you $250,000, 29 percent of you would bank it or invest it for later use, according to the 2017 Big Survey.

The results display a bit more of a conservative bent than in 2008, when just 20 percent of respondents chose that answer.

Sudden Windfall? Jewelers Would Put It in the Bank!

Twenty-three percent would use the money for paying down debt, down from 32 percent in 2008. Likely because jewelers are carrying less debt now than they did then. In 2017, fully a third of jewelers report they carry no debt at all, which marks a significant change from pre-recession 2007, when only 24 percent were debt free.

In 2007, 30 percent of jewelers carried more than $100,000 in debt. Ten years later, that percentage had dropped to 22 percent.

Below are the full results. And you can see all the results of the 2017 Big Survey in the October edition of INSTORE.

Advertisement

Sudden Windfall? Jewelers Would Put It in the Bank!

Over the years, INSTORE has won 80 international journalism awards for its publication and website. Contact INSTORE's editors at [email protected].

Advertisement

SPONSORED VIDEO

Wilkerson Testimonials | Sollberger’s

Going Out of Business Is an Emotional Journey. Wilkerson Is There to Make It Easier.

Jaki Cowan, the owner of Sollberger’s in Ridgeland, MS, decided the time was right to close up shop. The experience, she says, was like going into the great unknown. There were so many questions about the way to handle the store’s going-out-of-business sale. Luckily for Cowan, Wilkerson made the transition easier and managed everything, from marketing to markdowns.

“They think of everything that you don’t have the time to think of,” she says of the Wilkerson team that was assigned to manage the sale. And it was a total success, with financial goals met by Christmas with another sale month left to go.

Wilkerson even had a plan to manage things while Covid-19 restrictions were still in place. This included limiting the number of shoppers, masking and taking temperatures upon entrance. “We did everything we could to make the staff and public feel as safe as possible.”

Does she recommend Wilkerson to other retailers thinking of retiring, liquidating or selling excess merchandise? Absolutely. “If you are considering going out of business, it’s obviously an emotional journey. But truly rest assured that you’re in good hands with Wilkerson.”

Promoted Headlines

Most Popular