How does jewelry stock turn work for your store? It is one thing to see a Key Performance Indicator (KPI) on a sheet of paper, but what does it really mean? How can it help your business and how can you speed it up? Jewelry stock turn is a measure of the effectiveness of your […]
Importance Of Your Jewelry Stock Turn
Why is your jewelry store’s stock turn so important? The answer is clear. In many jewelry stores, their inventory is the single largest asset on the P&L. Unfortunately though with all the advancements in inventory technology, it still remains the least productive asset on their books. In far too many jewelry stores their inventory has […]
Creating A Jewelry Store Budget
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 […]
