Prepared Not Scared
“If you’re not worried, you need to worry. And if you’re worried, you don’t need to worry”
JBT Credit Rating Declines
There is a noticeable uptick in declining JBT credit ratings that I believe is foreshadowing cash flow issues that will become more apparent by the end of this year.
The Plan is My Jam!
Very few people plan inventory in layers. We suggest planning by category, price-point and style, or, for your branded lines, start with vendor, then category, price-point, and style.
The Banking Crisis
We cannot escape the news (and noise) about recent banking issues along with the questions we’re getting from clients about how they should handle their bank balances.
Tucker is an Optimist
Hours can go by without any sign of Tucker – I never know where he is in the house, until I open up the refrigerator or a package of food.
Nowcasting
Ah, the elusive forecasting model – let’s predict future revenue based on prior results and current trends.
Compared to What?
There has been so much talk about recession, causing what I feel is unfounded worry. This is not to say that you should be planning for sales increases, but that you understand how you might want to compare this year to 2020 & 2021, which were arguably the best performing two years in our industry’s history.
Planning in a Blender
Under normal circumstances, planning for the 4th quarter is pretty routine. However, nothing is normal this year and we struggle to get our arms around these issues – we struggle to plan.
COVID 21
Business has been good...So, what’s my concern?
Post hoc, ergo propter hoc
Someone asked me the other day how many independent jewelry stores are going to close (in the short term) as a result of Covid: My answer was none.