Meet the Winner of the 2021 Wag Award
The Edge Retail Academy gives the annual honor to a store that demonstrates business excellence.
Petite G Jewelers has been awarded the 2021 William (Wag) Wagner Business Excellence Award.
Owned by Dana Friedman, Petite G Jewelers has served Indianapolis for more than 20 years, becoming the area’s premiere boutique jewelry store.
It specializes in curated estate jewels, one-of-a-kind fashion pieces, and bridal jewelry.
ERA President David Brown said, “Dana diligently embraced strategies and recommendations from her Edge Retail Academy Business Advisor that allowed her to increase sales by 31 percent, raise gross profit by 40 percent and even increase her gross margin by 3.3 percent.”
ERA Business Advisor Charleen Pfaff explained, “Petite G focused on inventory management; the store achieved its optimum inventory level, including reducing aged inventory by $120,000.”
Friedman said ERA helped Petite G Jewelers achieve its goals through “sharpening our inventory mix” and “creative store events.”
She said, “Charleen provided us with sales team development and training, which led to an engaged team, and helped grow our revenue significantly.”
Now in its fourth year, ERA gives the Wag Award to a business that has achieved exceptional growth in the past year.
It is named in honor of a former ERA Business Advisor, William (Wag) Wagner, who died in 2018.
Brown said, “The Award has two goals: (1) to acknowledge business excellence from independent retailers and (2) to honor the memory of long serving ERA Business Advisor William (Wag) Wagner, whose service, loyalty and advice went well beyond the expectations of our clients, his work colleagues and our company.”
Petite G Jewelers received a check for $1,000.
Last year’s Wag Award recipient was Falls Jewelers in Concord, North Carolina.
From a slowdown in sales growth to rising costs, Fruchtman Marketing outlines its expectations for the second half of the year.
Once a part of Julius Klein Group, the diamond company combines its direct supply and cutting expertise with a keen eye to the future.
When it comes to knowing the identity and quality of your pearls, count on GIA as your independent pearl experts.
John A. Green of retailer Lux Bond & Green and Niveet Nagpal of Omi Privé have joined the board of directors as of May 18.
The retailer also said demand for Rolex, Patek Philippe, and Audemars Piguet watches continues to exceed its supply.
Advanced technology levels the playing field, helping jewelers give customers what they want.
The Connecticut jeweler reflected on five decades in the industry and what the future holds for the family business.
The stones come from a deposit close to Mahenge and have been on the market for several months.
The jewelry designer is partnering with popcorn brand Angie’s Boomchickapop on a whimsical diamond cut.
In the latest article from The Smart Lab, Emmanuel Raheb outlines the website changes jewelers can expect with this new software.
The new app allows salespeople to quickly and easily access a lot of inventory.
The Kansas retailer is aiming for a fall 2023 opening.
It will be located in Vietnam’s Binh Duong Province, and construction is slated to start early next year.
The company is feeling the impact of the uncertain geopolitical and macroeconomic environment, said CEO Beth Gerstein.
It became the most valuable vintage Audemars Piguet watch ever sold at auction, according to Sotheby’s.
The 228-carat stone came in at the low end of its estimated range while “The Red Cross Diamond” exceeded expectations at $14.3 million.
The New York City native was honored at the annual Fashion Group International awards ceremony, held Tuesday night.
Registration for the June 9 event at the Westin Hotel is now open.
Filled with custom-cut gemstones, it’s inspired by the moon.