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New JA Member Benefit Designed to Help Move Old Inventory
Jewelers of America members now will get exclusive discounts on JewelryStockBalancing.com and are invited to take part in a webinar on moving dated merchandise.
New York--Jewelers of America announced this week that its members now will receive an exclusive discount on JewelryStockBalancing.com, a new online platform designed to help approved retailers buy and sell older inventory.
“In a recent survey of Jewelers of America members, we learned that 44 percent of respondents had more than $100,000 in aged inventory,” said JA President & CEO David J. Bonaparte. “The JewelryStockBalancing.com platform offers jewelers a solution to sell the aging inventory, eliminating carrying costs and increasing cash flow.”
JewelryStockBalancing is a patented exchange process for retailers and consumers. It’s built on three integrated Internet platforms, buying, selling, and searching, to enable inquiries and notifications about a particular item.
The buying and selling platforms allow retail jewelers, along with other subscribing retailers, to buy and sell their dated inventory anonymously for seven days. After that, the same product becomes available for sale directly to the consumer at a different price point while remaining there for jewelers as well.
JA will host a webinar to provide a live virtual introduction to JewelryStockBalancing.com this Thursday, April 21, at noon EDT.
During the webinar, Alan Gould, founder and chairman of JewelryStockBalancing.com, will preview the platform and explain how the exchange process can help jewelers increase cash flow, eliminate carrying costs and sell dated inventory.
To learn more about JewelryStockBalancing.com, visit Jewelers.org. To register for the upcoming webinar, go to Attendee.GoToWebinar.com.
National Jeweler is a for-profit subsidiary of Jewelers of America, though the two organizations act independently of each other. JA acquired National Jeweler from Emerald Expositions in February 2015.
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