InsiderNews January 2010
Featured Article
Is this the year to place your sales staff on Commission?
By David Gellar
Given the economy, jewelers can’t keep "slackers" around in their store. In fact many jewelers had to make tough choices this past year. Keeping sales staff because "we’re family" was way past it’s prime. This was the year for many "put out or get out!".
But of course many jewelers over react. "I’ve had enough!" then they fire the staff. Like being in a marriage, waiting for an explosion is the worst time to try and solve your problems. By then its way too late.[...]
Industry News
Tiffany, Signet holiday sales grow as splurges return
CHICAGO (Reuters) - Tiffany & Co and Signet Jewelers Ltd saw holiday sales rise as shoppers began splurging on luxury items again and both jewelers said their profits should top expectations[...]
Diamond Market Recovers on Economy Rally, Petra Says
Jan. 13 (Bloomberg) -- The rough diamond market recovered "significantly" in the second half of 2009 and will benefit this year as customers replenish inventories as the global economy improves, Petra Diamonds Ltd. said[...]
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