(NEW YORK) - Jewelers of America (JA), the national trade association for businesses serving the fine jewelry retail marketplace, has released the 2011 Jewelers of America Cost of Doing Business Report, a valuable benchmarking tool for retail jewelers – the only one of its kind. With 45 pages of comprehensive data tables on a cross section of jewelry firms, JA asserts it is the most complete comparative financial resource available to specialty jewelers in the U.S.
Whether used as a benchmarking tool to find areas to cut costs or as a reference tool when seeking favorable business financing options, the Cost of Doing Business Report is a highly valuable resource for every independent jeweler.
Unlike complex finance reports, the Cost of Doing Business Report is designed for business owners, not financial experts. It analyzes jewelry retailers’ financial data from 2010, so jewelers can see how similar firms are performing and discover how their numbers compare.
The Report compiles data from a cross section of jewelers, including high-end, mid-range, jewelry chains and designer/artist/custom jewelers. The detailed data tables are organized by jeweler category, size and high- or low-profit firms and include key performance measures, including:
- Gross margins
- Sales volumes within store types
- Productivity ratios
- Inventory turnover
- Operating expenses
- Balance-sheet data
- Product distribution
- High-Profit vs Low-Profit data
“The Jewelers of America Cost of Doing Business Report is the only benchmarking tool developed solely for retail jewelers. Its purpose is to simplify business analysis and help jewelers operate their businesses more profitably,” says JA President & CEO Matthew A. Runci.
Jewelers of America (JA) is the national trade association for businesses serving the fine jewelry retail marketplace, with the primary purpose of improving consumer confidence in the jewelry industry. Visit www.jewelers.org for more information.