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From Vendors to Jewelry Store Employees: X% Off of Cost
January 23, 2008

I have to share this because it struck me as particular odd—My rep from Scott Kay was visiting the store last week (by the way—he is one of the best reps I have)—he wanted to introduce himself to my staff and discuss information regarding pricing, product lines, special orders, etc.

 

In store, we carry Scott Kay bridal as well as the sterling collection—so to get my staff excited about selling Scott Kay he told them about the discount offered by Scott Kay to employees…but before he disclosed this information he prefaced with, “Shanu, I’m not going to ask you if this is okay, because I know you’ll agree so here it is I’m going to tell them, while looking straight at me and in front of the staff, he goes on to offer them this heavy discount off of their merchandise during two particular months of the year.”

 

After the conversation—I went back to my rep and asked him, “Why did you preface the conversation like that? I’m glad you told them about the discounts offered to them. I definitely want them to wear as much product as they can afford, and in particular, lines we sell.” We all know—sometimes pieces sit in the case forever, but as soon as someone puts on the piece, “It’s sold.”

 

My rep went on to tell me—many owners do not like to divulge such information—that many owners do not want these discounts offered to their employees. I just don’t understand? Are you one of those who doesn’t want your brands to tell employees about special discounts offered to them? I’d love to know why? Isn’t it better if they’re strutting around with product on—don’t customers then get to see it and might even ask them where to buy such lines? Isn’t that free advertising?


Posted by Shanu Singh Guliani on January 23, 2008 | Comments (1)


January 31, 2008
In response to: From Vendors to Jewelry Store Employees: X% Off of Cost
Brad Brown commented:

I have never posted here before so here is a Hello to the community. Basically the answer to the question is simple. Some store owners don't want this to happen because a dishonest sales rep could theoretically purchase the item cheaper using this employee plan and then sell the items on the side to customers putting more money into their pocket. This of course is all based on the relationship you and your employees have and some business owners don't trust the employees enough with this one. In any case you should put your foot down with your rep about running things past you first just to be safe. The rep just wants to move merchandise in any way possible to hit his/her own bonus (understandable of course)but in some stores you can't just give the rep free reign.





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