Getting the Goods

How to buy, fine-tune, and swap your inventory so it tells the right story for your store.Question: How do you know when your inventory management approach isn’t working? Answer: when your open-to-buy budget has more forecasts than the Weather Channel; your point-of-sale (POS) software has got you on autopilot, restocking only fast-sellers; or shipping dated inventory back to vendors is par for the retail course.Time and again, jewelers continue to make these elementary mistakes. As market week in Las Vegas approaches, industry experts encourage retailers to walk the shows with an eye to developing a merchandising plan that tells an “inventory story,” be it bridal, diamond, and color fashion jewelry or price-point–friendly silver and beads. “It’s not about having the right jewelry—it’s about having the right inventory software,” says David Peters of Jewelers of America.

This content is exclusive to JCK Pro subscribers. Subscribe now to access this and much more with discount code GOPRO21 for $199 for an entire year of access (reg. $249).


Already a JCK Pro? Log in

A JCK Pro subscription is your all-access pass to people and resources on the
cutting edge of the retail jewelry industry, from the industry authority you
know and trust

Learn about the Perks of JCK Pro

Log Out

Are you sure you want to log out?

CancelLog out