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GF Weekly Newsletter
According to the World Gold Council's (WGC) 2008 survey called "What Women Want: Global Discretionary Spending Report," gold jewelry remains one of the three most popular items for women's discretionary spending in the United States. The survey was conducted by an independent research firm, GfK, among 1,068 American women aged 16 to 65. 
This show serves as a platform to forge partnerships with India's foremost jewelry manufacturers who will display fine jewelry collections with contemporary design and flair. The emphasis of the show is on design and innovation in products. IIJS Signature reiterates India's growing stature as a jewelry production center.
The deepening U.S. recession, and credit and banking crises, has already impacted more than half of the businesses in the North American jewelry industry, including retailers, manufacturers and suppliers, according to JCK national surveys. And most expect it to get worse over the next couple years before it gets better. 
With less than a week before Christmas, 20 percent of consumers haven't begun their holiday shopping and millions more have a substantial number of names to check off their lists, according to a National Retail Federation survey. The average person has completed 64.7 percent of their holiday shopping. 
Credit card issuers have had their heyday in an environment that allowed them to hike rates and change policies willy-nilly. That will end in 2010, when new federal rules imposing some consumer protections take effect. The card companies are warning of dire consequences due to their expected loss of revenue from what many consider usurious practices -- approximately $12 billion annually. 
Retailers all have the same basic path to success. That is, we must increase sales and reduce expenses in order to improve profitability. The goal is the same but how
This holiday season, B.C. Clark Jewelers is focusing on its top customers. Coleman Clark, president and great grandson of founder B.C. Clark, says that while local business has held up, the retailer can't afford to ignore the current economic challenges. The Oklahoma City-based store, founded in 1892, has relied on personalized customer service and good product to get it through the good and bad times.
The Jewelers Vigilance Committee (JVC) and The Jewelers Board of Trade (JBT) will present "The Basics of Memo Transaction--The Do's and Don'ts of Trading on Memo" at the JA New York Winter show next month. Attendees will receive a copy of The Essential Guide to 'Memo' Transactions, a new publication in the JVC series of essential guides to legal compliance in the jewelry industry. 
Retail experts insist that the biggest missed opportunity -- especially during the holiday season when you may just focus on getting the sale -- is the add-on sale. In good times, these provide a nice boost to your regular profits. In a challenging economy, like the one we're dealing with now, they're essential. Some simple ideas for thriving with add-ons: 
Foot traffic at U.S. malls and shopping centers fell 17.9 percent year-over-year for the week ending Dec. 13, according to ShopperTrak. Meanwhile, retail sales declined 0.3 percent for the same period. While total U.S. foot traffic showed a sharp year-over-year decline despite continued deep discounts to attract shoppers, week-over-week traffic posted a dramatic increase as both the Chanukah and Christmas holidays approach, according to ShopperTrak's retail traffic index, which measures foot traffic at more than 50,000 retail and... 
It isn't every day when a jewelry theft becomes a source of community good will, stellar publicity, and the possibility of turning a criminal straight, but then there probably aren't many people as creative as Erik Runyan. The owner of Erik Runyan Jewelers, a 92-year-old family business in Vancouver, Wash., was working behind the counter on Nov. 14, as he normally does, when a person came in for a watch and necklace repair.
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GemFind: Diamond Search, Web Development, JewelCloud , ring builder, stud builder, pendant builder 2008-12-23
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Tags: 2008, December, Uncategorized
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