Developing an Inventory Plan for Retail Jewelers

By |July 28th, 2016|Categories: White Papers|

Each department of your store contributes to sales and gross profit in different amounts and each, therefore, should have its own budget. Contained within a department are categories and sometimes sub-categories. Also, price points perform differently from one category to the next; therefore, your plan will call for different allocations by price.e/m

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Synthetic Diamonds: Opportunity or Problem?

By |November 25th, 2015|Categories: White Papers|

Synthetic diamonds have been around for many years and have naturally been compared with other synthetic gemstones regarding the minimal effect that those synthetics have had on the value and marketability of their natural counterparts. Why should man-made diamonds be more problematic?

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A Method of Determining Inventory Levels for Retail Jewelers

By |February 5th, 2015|Categories: White Papers|

It’s important to understand the nature of budgeting inventory using a formula. I have attempted in this article to explain an approach for determining inventory levels that can be used by any business, regardless of its makeup. However, using a goal, such as GMROI to arrive at an inventory budget does not address the myriad strategic [...]

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