Creating a budget for your jewelry store is the most critical step you will take to ensuring survivability and hopefully, the profitability of your store this year. The Jewelers Board of Trade for 2011 listed 28,706 jewelry-related companies in the U.S. That number represents a drop of 1.3% from last year. One of the primary […]
Archives for February 2012
What Is A Four Grainer?
The term “Four Grainer” as a weight measurement dates back to the early civilizations. It was vital for commerce that a standard is adopted for weight measurement, especially in the area of diamonds and rare gems. Early merchants looked to nature to provide that standard. They used rice, wheat, barleycorn, and carob seeds because they […]
Business Formulas For Your Jewelry Store
There are some basic business formulas that you need to be comfortable with to maximize the profit potential of your jewelry store. It seems as though every independent jewelry store manager/owner can rattle off their gross margin percentage but beyond that, it gets a little murky. To fully understand your business you have to possess a solid […]