The retailer failed to file its annual report on time and said it may issue a going concern warning.
Squirrel Spotting: The Necessity of Open-Ended Questions
Peter Smith discusses the possibilities that come with asking customers to talk about the person for whom they are buying.

I’ve been busy these past few weeks conducting Vibhor launch trainings at various stores around the country.
In rolling out our private label program to retailers, I try to accomplish two important and complimentary ends. First, I want to convey those things that make our program relevant and exciting to retailers and to their customers. In the second instance, I try to convey some basic but essential sales principles that are, unfortunately, more often discussed than they are practiced.
One of those sales disciplines that I speak to is the necessity for salespeople to ask open-ended questions. The concept is not new. In fact, I remember there being a lot of chatter about that back in the 1980’s and, I am quite certain, some of you may go back even further in remembering when you first heard the term.
Having said that, it is, quite frankly, remarkable how rarely we as consumers are exposed to quality open-ended questions and, if we are being perfectly honest, how infrequently the art form is used in retail stores.
In the course of the training, one of the questions I suggest is, “Can you tell me about the person you are buying for?” The question itself appears to be rather innocuous and is not likely to set any pulses racing with its creativity or originality. If you peel back the layers of that question, however, you just might see it as a uniquely profound and potentially rich asset in the narrative of engaged retail salespeople.
There are two different psychological components at work in asking the question. The first is the empathic engagement that is communicated when you invite a person to tell you about someone who is important to them. The neurological effects of the question, delivered with warmth and sincerity, releases oxytocin in the brain, and that can serve as a great platform to make an emotional connection and begin to build a relationship. It’s as if you are saying, “I really want to know what matters to you.”
In the book Status Anxiety, Alain de Botton wrote, “There is something at once sobering and absurd in the extent to which we are lifted by the attention of others and sunk by their disregard. Our mood may blacken because a colleague greets us distractedly or our telephone calls go unreturned.”
In the second instance, when you insert “...the person you are buying for,” it sets yet
A retail store is a mini-stage and it provides great moments of drama every single day. You are presented with opportunities to make a difference--for your customers, your store and your career--every time a customer honors you by visiting your place of business. Approaching each and every one of those opportunities with the mindset that the customer has come in to actually make a purchase, and using deliberate and purposeful language in engaging those customers, can be game-changing.
As we enter into the most important few weeks of the year why not give it a try, and let me know how it works out for you.
Peter Smith, author of Hiring Squirrels: 12 Essential Interview Questions to Uncover Great Retail Sales Talent, has spent more than 30 years building sales teams at retail and at wholesale. He currently is president of Vibhor Gems. Email him at peter@vibhorgems.com, dublinsmith@yahoo.com or reach him on LinkedIn.
The Latest

Smith recounts a recent trip to the post office that included an uncomfortable, embarrassing, and public exchange between two employees.

John Cowley, who has more than 30 years of experience, is succeeding Tearle as the lab’s chief financial officer.

You deserve to know what you are selling–to protect your customers as well as your business and your reputation.

Founder Erica Silverglide has designed 35 colorful pieces set with fluorescing gemstones for the brand's first finished jewelry offering.


“Ukrainian Jewelry | Contemporary Jewelry and Art Jewelry from Ukraine” features 33 contemporary Ukrainian designers and studios.

“The Golden Now” campaign celebrates the here and now with the brand’s signature styles and a selection of its new pieces.

Every jeweler faces the same challenge: helping customers protect what they love. Here’s the solution designed for today’s jewelry business.

Signet confirmed that Caffie, president of Zales and Banter, and Bentzen, who headed Blue Nile, have left the company.

The antique jewelry dealer talks about the importance of including Black Americans in jewelry history and preserving their stories.

Both its mines faced challenges last year, from operational issues to disruptions in the market.

Iconic pieces, like the Mike Todd Diamond Tiara, appear in the superstar’s new music video for her song inspired by the actress.

The luxury retailer, which went Chapter 11 in January, announced Thursday that it has secured $500 million in exit financing.

The NouvelleBox ballroom will feature independent jewelry designers, including Lene Vibe, Wyld Box Jewelry, and Kiaia Limited.

The one-of-a-kind locket, our Piece of the Week, opens to reveal three hidden images to keep close to your heart.

The new facility was also designed to better serve its growing customer base in Canada.

The campaign is a tribute to the year 1893, when Kokichi Mikimoto created the world’s first cultured pearl.

It is the only GIA school to offer the GIA Graduate Gemologist program in Chinese.

The initiative connects veterans and parents returning to the workforce with careers in jewelry retail.

The wholesale manufacturer and precious metals refiner has appointed Michael Angelo as its new national sales representative.

Foundrae also accused the jewelry giant of copying its mood board style of marketing.

A Patek Philippe for Tiffany & Co. timepiece owned by the American businessman who died on the Titanic will be offered at Freeman's Chicago.

The Conference Board’s Consumer Confidence Index edged up, with optimism about the present outweighing worries about the future.

Applications are open for the AGA Gemological Scholarship Program through May 15, and until June 2027 for the Gemological Research Grant.

These customer behavior patterns say a lot about how successful your jewelry store is going to be this year, Emmanuel Raheb writes.

Mejuri’s popular collection of 18-karat yellow gold vermeil rings debuted in sterling silver alongside new “Puzzle” slider charms.

The Miami-based jewelry brand and the NYC-based artist will be in Dallas from April 9-11.
























