Hit the Reset Button

When Steve Ballmer of Microsoft talks about "reset" in the software business, a term used by others in TV interviews, we know that business managers are seeing far more than a short-term recession. They expect the level of business to be distinctly lower than it has been for years and plan to scale back proportionately. That thinking is evident in the layoffs, plant closings, store closings, and abandonment of expansion plans that we see all around us. The jewelry industry, tiny in comparison to autos or high tech, is right there with the rest. We're a very entrepreneurial industry that doesn't react the same way as corporate entities. Where there are public companies or large corporate organizations—mostly on the retail side—we see comparable actions. People are laid off and every expense is scrutinized. Fair enough. There has never been a recession, mild or not, in which companie

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