The Jewelers Board of Trade recently reported an increased number of store and business closings for the first quarter of 2018 over the same period last year. In total, 241 retailers ceased operations in just the first three months. Many jewelers have reached retirement age and have chosen to shutter doors. But this also represents an opportunity to gain market share in your community if your competition is calling it quits.
In a recent presentation at the AGS Conclave in Nashville, Harold Dupuy of Stuller, Inc. presented a powerful message on the state of the jewelry industry. In it he stated that there will continue to be more and more store closings in the years ahead. But he also pointed out that in the case of fine jewelry, people shop for information online yet still prefer to make their purchases in a brick and mortar store from a trusted jeweler.
At the Gordon Company, we can certainly help you go out of business with a dynamic closing sale event. But we also encourage jewelers to stay in if they have the will, determination, and ability to cope with the changes taking place in the jewelry-buying landscape. So if you have the will, we’ll show you the way.
Our expertise is in inventory reduction sales and anything related to strategic store closings, moving and relocation, retirement and business transition, and cash raising opportunities. We help you monetize aged and under-performing merchandise to get you in better shape financially and to set you on a course for better business in the future.
If any of this makes sense or peaks your interest, take a moment to give us a call to learn more. We love to share our knowledge, experience and expertise, so please don’t hesitate to contact us. We make it our business to help you stay in business.
We look forward to hearing from you!
LAS VEGAS JEWELRY SHOWS ANNOUNCEMENT:
You can come see us at LUX LOBBY 1 during LUXURY and JCK (by LUXURY Registration at top of rear escalator) We will be a sponsor at COUTURE (located in the Lafite Ballroom lounge area) And exhibiting at CBG (Caesar’s Palace May 29-31) To set-up a confidential meeting on or off-site meeting before, during or after the show, contact: Ira Bergman 917.861.9607 Barry Lustig 917.586.1984 or Jeff Gordon 305.216.7500