SimplexDiam Purchases Entire 8,500 Piece JSN Jewelry Liquidation

SimplexDiam announced winning all of the jewelry lots in the JSN Jewellery Liquidation. JSN is the wholesale manufacturing division associated with Ben Moss, one of the largest retailers of fine jewelry in Canada consisting of 54 stores that are presently running a Going out of Business (GOB) Sale. The JSN sale is the largest jewelry liquidation in 2016 or approximately $4 Million at wholesale cost.

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Topics: JIS Miami Show

Jewelry Retailer News The Art Of The Sale

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Topics: Press & Media

SimplexDiam Offers New Consulting Service for Promotional Events

SimplexDiam, well-known for its closeout business, has introduced a consulting division that now offers retailers an à la carte menu for building, running, and advertising promotional events.

For retailers of fine jewelry who want to hold an anniversary sale, retirement sale, or an event simply to unload stale inventory, Darren Fries, director of SimplexDiam’s 9-month-old division, has a few tricks up his sleeve. Having helped retailers run these events for the past 23 years, he creates the advertising, adds well-priced inventory from SimplexDiam to fill in any holes, and assigns a consultant to physically remain at the store leading up to, and for the duration of, the event. “Prior to each event, I build projections based on the history of each business and the type of event it is. I can determine how much volume we can produce as well as inventory and profit margin expectations,” says Fries, adding that he has an 85 to 90 percent accuracy rate. “If they like what they see, we coordinate an event.” 

Source: http://www.jckonline.com/2016/03/30/simplexdiam-offers-new-consulting-service-promotional-events

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Reduce, Reuse, Recycle, Reorder: How Closeout Companies Are Contributing to the Jewelry Supply Chain

Gone is the era of conspicuous consumption and, in its place, an appetite for value, environmental conservatism, and products that are made in the U.S.A. Companies that specialize in closeouts are increasingly finding themselves on the supply end of this demand.

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Topics: JCK

SimplexDiam Declared Stalking Horse for LID’s $16 Million Jewelry May 2008

Consensus Advisors- Stalking Horse Bid....

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SimplexDiam Inc. Wins $27M at Retail - Whitehall Residual Inventory

SimplexDiam, Inc announced today acquisitions of over $25,000,000 at retail...

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SimplexDiam Purchases All of Friedman’s $1.7 Million Residual Inventory July 2008

Friedman's Residual Inventory

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SimplexDiam Reaches New Milestone in Diamond & Jewelry Purchases

SimplexDiam Inc. today announced purchases of over $50 million at retail...

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Squeezing Cash Out of Inventory

There's one part of Jewlery business that is setting records.

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SimplexDiam Inc. Wins $10,000,000 at retail in the past fortnight, including the entire Christian Bernard Inventory.

SimplexDiam Inc. announced today, closeout jewelry acquisitions of over $15,000,000 at retail in the past thirty days, $10,000,000 of which was acquired in the past fortnight. They have in-stock pieces by Tacori, Ritani, Hearts On Fire, David Yurman, John Hardy, Mikimoto, Lagos, Christian Bernard, Guy Laroche, Cacharel, Tissot, Hamilton, & Feraud.

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