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You’ll Wonder Why You’ve Never Carried This Expansion Category

Published

6 years ago

May 25, 2018

INSTORE Staff

Here’s a sneak peek from our Vegas Buying Guide.

Offering your customers a selection of jewelry storage options alongside your regular merchandise gives you the potential for some great add-on sales.

It also provides window shoppers a solid reason to come into your store even on days when they’re not intending to buy jewelry.

With the Vegas shows fast approaching, our style expert, Becky Stone, sees jewelery storage as a strong expansion category, and many of our Brain Squad members agree.

“We carry them, and they’re a good add-on sale,” says Stacey S. Sachs of Solomon’s Fine Jewelry & Watch in Albertson, NY.

“Definitely interested; would like suggestions on vendors for this product,” says Barb Binkley of Cooper & Binkley Jewelers in Brighton, MI.

Among 226 storeowners and managers we recently surveyed, 30 percent said they plan to stock jewelry storage options for the holidays.

Be sure to check out our Vegas Buying Guide in the June issue of INSTORE.

You Wouldn’t Cut Your Own Hair. Why Run Your Own Retirement Sale?

After being in business for over a quarter of a century, Wayne Reid, owner of Wayne Jewelers in Wayne, Pennsylvania, decided it was time for a little “me time.” He says, “I’ve reached a point in my life where it’s time to slow down, enjoy a lot of things outside of the jewelry industry. It just seemed to be the right time.” He chose Wilkerson to handle his retirement sale because of their reputation and results. With financial goals exceeded, Reid says he made the right choice selecting Wilkerson to handle the sale. “They made every effort to push our jewelry to the forefront of the showcases,” he says, lauding Wilkerson for their finesse and expertise. Would he recommend them to other jewelers who want to make room for new merchandise, expand their business or like him, decide to call it a day? Absolutely he says, equating trying to do this kind of sale with cutting your own hair. “The results are going to happen but not as well as if you have a professional like Wilkerson do the job for you.”