Jewelry Benchmarking and KPI'S
Have you ever wished that there was a way to find out how
your Jewelry business is performing in all key areas compared
to other stores... and they have instant access to proven, up to
the minute management strategies designed to 'power up' your
Did You Know...
That the typical US Jewelry Store does 5.3% of their annual sales
in the month of July?
Click here for more fascinating facts
Benchmarking & Key Performance Indicators
"If you can't measure it, you can't manage it"
One of the differences between jewelry store performances is the amount, frequency and quality of industry information they have access to.
Now, the Edge Retail Academy can provide you with potent business information at three different levels:
Level 1 - KPI's is all about Key Performance Indicators. Compare your sales, gross profit, stock-turn, markup, average sale, quantity of sales, category performance, inventory levels etc. against industry averages and see where you rank in each area. Comparisons are made on a month by month and a rolling twelve (12) month basis.
Level 2 - Vendor Performance is a ranking of the 10 top Vendors accross the industry for the month and for the previous twelve (12) months. Vendors are ranked in three ways based on retail sales, quantity of items sold and by the amount of gross profit made.
Level 3 - Fastsellers gives you access to online reports of the top selling items in each category or by individual Vendor.
For example, you can get a list of the top 20 selling Diamond Rings in the last month that have retailed between $2,500 and $3,500. You will see who the Vendor is, their design/model number, the average cost price, the average margin, the average retail sale value and the items will be ranked according to the number sold across all stores. Think of the Power!
The investment for Benchmarking & The Edge Retail Academy
is just US $195.00 per month
Click here to contact us