The company is feeling the effects of the COVID-19 crisis.
The group applauded the policies set by Walmart and others.
Study identifies strong purchase intention for silver jewelry.
The benefits of masks ‘should no longer be up for debate,’ says the group’s president.
The company's restructuring plan will cost $9 million to $12 million.
They reveal what they need from suppliers right now.
But their experiences have been far from normal.
E-commerce, a cash reserve and social media topped concerns.
The company has seen a 'massive decline' in revenue.
Freedom of choice is the No. 1 reason some say "no."
As the US slowly reopens, industry relationships are more important than ever.
It was expected that up to 300,000 employees would return to their jobs on Monday.
Right now, jewelry retailers need suppliers to not only support them, but help them be successful — and vice-versa.
Learn how to improve vendor-retailer relationships in our next webinar on Thursday, June 18.
But De Beers and Alrosa are reluctant to slash prices.
'Previous downturns offer little guidance on what is likely to unfold over the next six to 12 months,' he says.
Only 15% of those surveyed think the economy will bounce back that quickly.
A quarter of those surveyed do have plans for sales or special offers.
Others cite issues with their vendors being closed.
'I need to save my business, feed my kids, pay my mortgage.'
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