Benchmarking Study for Jewelers
Jewelers of America and Jewelers Board of Trade have partnered to produce the 2019 Retail Jewelers Benchmarking Study (based on 2018 financial information) to bring retailers the information they need to see trends specific to the jewelry industry, and provide comparative information to assist in making crucial business decisions and increase your profitability.
The Study is available to purchase in a digital format (PDF) for $295.
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What's included in the Study:
The PDF includes a 9-page executive summary prepared by FACEts Jewelry Consulting and over 90 pages of data spanning 6 different areas including the following:1. Sales Details PER Store
2. Merchandise & Services
3. Operation & Staffing
4. Ecommerce & Social Media
5. Budget & Expenses
6. Key Performance Indicators (KPI) per square foot, and per FTE (full-time employees)
Retail jewelers can use the data from this study to:
- measure how their store’s profitability, productivity and financial performance compares to industry averages
- identify strengths and weaknesses on categories such as: store operations, staffing, sales data, merchandise by category, inventory and expenses
- compare key performance indicators like gross profit, inventory turn, average unit sale, average
- transaction amount, and sales per square foot
- make informed decisions and improve profitability
