Where does the jewelry from liquidated shops like Whitehall Jewelers and Friedman's end up? What doesn't deal in close-out sales may end up at SimplexDiam a business which was one time a constructor but has now swapped its enterprise design to buying up the assets of stores. The Wall Street Journal reports that SimplexDiam has acquired millions of dollars in leftover inventory from obsolete chains and then sells it online and at auction to other retailers. It has been selected to run an auction of more than $1 million worth of inventory leftover from Fortunoff's bankruptcy liquidation.
Neel Madhvani of SimplexDiam wrote an intriguing mail on his blog last month where he suggests a scheme for retailers trading to clients. He suggests that shops inquire the suppliers what they are endeavouring to eliminate other than going for what they believe they desire to buy. Then he states that the knack is to deal the clientele on what he periods "an buying into stone" other than an impulse stone. It's an intriguing concept but it suggests that the clientele has to actually believe the individual doing the trading that they are being traded the pebble that is best for them and not just best for the jeweler's base line.
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