DESIGNERS LEAD THE WAY IN WATCH SALES WHILE INDEPENDENTS HAVE HIGHEST PROFITABILITY

March 1998

Timepieces:Data & Statistics

DESIGNERS LEAD THE WAY IN WATCH SALES WHILE INDEPENDENTS HAVE HIGHEST PROFITABILITY

Independent jewelers reported the highest profitability (based on gross return on inventory) of any retail category for watches in 1996, based on the Jewelers of America "1997 Cost of Doing Business Survey." The fact they also reported the lowest sales growth could indicate untapped potential. The JA survey measures performance in three areas - profitability, productivity and financial management - and provides the most complete and up-to-date comparative financial information available to retail jewelers. See the February issue of Professional Jeweler for similar information for diamonds (p. 54), gemstones and pearls (p. 68) and precious metals (p. 94). For more information on the study, call JA at (212) 768-8777. Note: table shows median figures.






Copyright © 1998 by Bond Communications.


 

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