(PRESS RELEASE) NEW YORK — The Plumb Club’s October podcasts have been posted, giving retailers valuable information to help them during fourth-quarter selling. This month’s podcasts feature two distinct topics. The first podcast provides expert information on a hot and trending product category – pearls. The second and very timely podcast, as retailers get ready to ship orders across the country, uncovers the intricacies of the Wayfair act, which requires retailers to collect appropriate sales tax, even if they do not have a physical presence in the consumer’s state.
The Basics For Success With Pearls: Pearls are riding high on the fashion wave. Whether they’re presented in leading high-end designer collections for men, on the pages of the hottest fashion magazine or on the screen in hit shows like “The Crown”, pearls are booming! Josh Bazar and Kathy Grenier provide the listener with 5 tips to ensure success in a jewelry store’s offering. From merchandising to product knowledge to how to display pearls, these tips can help a store be successful in selling these amazing gems. Josh Bazar and Kathy Grenier are from Imperial Pearl, the pre-eminent global source for the finest pearls and the most beautiful pearl jewelry.
Wayfair Has Complicated State And Local Tax Collection. What Do Jewelers Need To Know?: With internet sales growing, it’s more and more common for jewelers to sell their products in multiple states. At the same time, the Supreme Court’s South Dakota v. Wayfair decision has complicated the requirements for collecting sales tax across state lines. Howard Hoff and James Brower, partners at Marks Paneth LLP, a top 50 accounting, tax and advisory firm, explain how jewelry retailers can avoid overpaying taxes, being fined or even getting stuck paying sales taxes on their own goods.
The Plumb Club podcasts, which are added monthly, provide strategies, knowledge and immediately actionable steps from industry leaders, that help retailers across a variety of business areas. The newest podcasts, as well as the previous ones, are available on The Plumb Club website under the “Resources” tab.