Luxury Jewelers: Still Growing Strong

Bill Underwood of Underwood Jewelers, Fayetteville, Ark., has plenty of inventory, but he's not complaining: Some of the stock has increased in value based on the rise of the euro compared to the dollar. "We're fat on inventory, but we always have been," Underwood says. "I'm not too unhappy with that. It's a good place to keep your money these days. A lot of what we purchased in Europe last year and the year before has turned out to be a complete value. "There has been a trend for jewelers to order things as needed and to use just-in-time so the retailer has less money tied up in inventory," he adds. "We just haven't embraced it as much as others have." Underwood says he has modified his ordering somewhat, but that has more to do with the scheduling of several major shows and his inventory system than with business needs. The store's fiscal year ends June 30, and several shows, suc
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