Know ‘HOW’ NAJ EDF members outdo in sales
Varying trade conditions allow the members of the National Association of Jewellers’ (NAJ) Executive Development Forum (EDF) in combination to exceed the retail sale of £41m. The growth in sales reports the boost of 4.7% in the preceding 12 months.
NJA’s announced the combined retail sales of £41 million of its EDF members in the year 2015. The expansion signifies a rise of 4.7% in the previous 12 months. Conversely, the varying trading conditions faced by retail jewelers in 2015 was reflected in the largeness of the sales performances. 42% of NJA’s members proclaims that they experience the hike in business whereas 42% pronounce the drop in the sales. Further, rest 16% enunciate the flat retail sales. Michael Donaldson, facilitator of EDF articulates that the NJA’s members benefit not merely from the shared performance data in central areas like turnover, margins, product, and promotions, but from the shared cognition and experience that lies behind the individual operations, enabling others to minimize danger and maximize opportunity. He too mentioned in his statement that EDF authorizes the independent jewelers (owners and directors) to get in touch with the like-minded professionals in a confidential forum. NAJ likewise stated that the EDF forum promoted the supporting relationships that facilitate businesses to benchmark their business (company) with other jewelry businesses as well as build up strategic thinking to grow ultimately.