Product Pricing and Security Discussed by Industry Experts
New York –The Plumb Club’s June podcasts from jewelry industry experts focus on giving retailers a better understanding of how their products are priced by their vendors and how products can be secured either via construction and attachments, or insurance.
Do You Know What Goes into Your Product Wholesale Price?: Ever wonder how your suppliers arrive at the price they charge you? Corinna Bhasin provides insight into the various costs and elements that make up a product wholesale price. She discusses bills of materials and how changing markets and commodities can affect the price and value of a piece resulting in differing prices during the lifespan of a style. Corinna Bhasin is the Vice President of F.D. Worldwide Merchandise Group. A merchandising and manufacturing house for fine jewelry since 1994.
Jewelry Security and Maintenance for Investment Jewelry: For many consumers, securing and maintaining their jewelry investment is paramount. Ralph Quackenbush discusses the various options for securing an item, such as the items’ construction and attachments. Further, he talks about how to insure an item and opportunities a retailer has to further engage a customer after the purchase in order to keep themselves in top of mind. Ralph Quackenbush is a senior sales representative for W.R. Cobb Company, a full-service manufacturer, providing solutions to retailers.