What Old Inventory is REALLY Costing You
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What Old Inventory is REALLY Costing You
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Hosts Jimmy DeGroot and Kyle Bullock tackle a common problem for independent jewelers: over-inventory. They argue you must think like a retailer, not a curator, and explain why excess stock kills cash flow, ages your cases, and loses to competitors who refresh inventory and focus on fast sellers.
The episode gives practical next steps—run your inventory-turn report (365 days), aim for a 1–2x turn, de-inventory slow movers, prioritize fast sellers, and put systems or a staff inventory lead in place to sustainably increase sales and profitability.
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