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Brand News: Edge Retail Academy’s New Quickbooks Service; ToyWatch Relaunch; More February 18, 2015 (0 comments)
Edge Retail Academy Adds Quickbooks Integration Service; Mentoring
Las Vegas, NV—The Edge Retail Academy (ERA) has developed a new service to help more than 3,000 retail store users of The Edge software easily integrate and reconcile data with QuickBooks.
ERA’s QuickBooks Integration Service was created to help clients understand and manage accounting procedures for daily business transactions using both software systems.
“Alone, each of these programs is an invaluable tool. When you combine their capabilities, you have a business powerhouse,” said Lindsay Steill, ERA mentor and trainer for the QuickBooks Integration Service. “But even the best software isn’t a good investment unless you know how to use it.”
The Edge’s QuickBooks Integration Service will help jewelers understand how the programs can work together to provide fast and accurate business data. Through remote access, The Edge will help retailers set up both programs, create a chart of accounts in QuickBooks to mirror their Edge integration set-up, and map the accounts from The Edge to QuickBooks. The final step is to establish a procedure document for balancing Edge accounts with financial statements in QuickBooks.
The training will last for two weeks or 10 sessions, and in that time, Steill will also show clients how to run a P&L and balance sheet. Clients will be trained on how to reconcile sales, profit, inventory, accounts receivables, and money tendered between the software programs. Other topics will include return to vendor, scrapped goods, missing inventory, refunds due, and sales tax payable procedures.
Steill, a 2014 Certified QuickBooks Administrator, holds an accounting degree from Purdue University and has 12 years experience as the CFO of a multi-million-dollar-guild jewelry store. She joined ERA in 2014 as a financial expert.
In addition to the QuickBooks Integration Service, ERA will offer two new Edge mentoring programs, both spearheaded by Peter Cardella. The Edge Project Mentoring Program will create a custom mentoring program to help users fully understand and take advantage of all the software’s features. Cardella will personally examine each enrolled business, analyze how their staff uses The Edge, and then provide additional assistance in the areas where they need coaching. He’ll focus on optimizing Performance Reports and Ordering from the Inventory Module and the integrated Customer Resource Tools from Customer Resource Management.
Cardella will also mentor ERA’s new Group Edge-U-Cation Program, which offers specific Edge-related topics, but in a group-webinar setting and at a reduced rate. Group Edge-U-Cation includes a two-hour webinar with a half-hour question/answer period per month, a half-hour personal review session per month, a written summary of the monthly topic agenda, and Full Edge Pulse software capability.
ToyWatch Relaunches At Scoop NYC
New York, NY—Scoop NYC, the ubercool premium retailer among the fashion editor set, recently hosted a celebration focusing on the relaunch of the ToyWatch brand. The February 10 VIP event featured music by Mike Nouveau and drinks by Santa Margherita to highlight the three styles that are exclusive to the retailer. Guests viewing the timepieces up close included editors, stylists, writers, and bloggers from top-tier press outlets such as Cool Hunting, GQ, WWD, and more. Newly appointed Toywatch CEO Agostino Magni walked them through the new Velvety Collection watches. A Velvety Gunmetal model is shown top of page.
Among the many VIP guests at the Scoop ToyWatch event were, from left, Grace Fuller of Vogue and stylist Ian Bradley, and Alison Kenworthy and Stefan Doyno of Good Morning America.
Leo Schachter Again Named Israel's Top Diamond Exporter
Ramat Gan, Israel—The Israel Diamond Controller’s Office in the Ministry of Economy has published its annual list of top diamond exporters and for the fourth consecutive year Leo Schachter Diamonds tops the list, with net exports of $288 million in 2014. The company’s high-end division, Schachter & Co., just announced the launch of LVE, a joint bridal brand venture with Forevermark, at the Centurion Scottsdale Show.
Total net polished exports from Israel were $6.3 billion in 2014. Its top 20 companies account for almost one-third of the total. Here is a full list of Israel’s top 20 polished diamond exporters.
Pandora Posts Strong Q4 Results
Copenhagen, Denmark--Fourth quarter revenues for Danish beadmaker Pandora leapt 20% in the United States, owing to growth in its concept stores, better execution of marketing, and the launch of its Disney-theme pieces, which are sold only in theme parks and concept stores, not jewelry stores. The brand cited rings as a particularly strong category, and a 32.5% increase in sales company-wide for 2014. Read more here.
Richline Adds Chrysalis Stackables To Portfolio
Richline Group, Inc. has reached an agreement to acquire Chrysalis, a worldwide brand of stackable bangle bracelets adorned with talismans, good luck charms, and spiritual symbols. Established in 2007, the Chrysalis brand began as a chance meeting of founders Andy and David Maine in London's Portobello Market, and rapidly evolved into a spiritually infused collection of expandable bangles.
"Chrysalis is a wonderful addition to the family of brands that have helped make Richline the company that it is today," said Richline Group CEO Dennis Ulrich, "We look forward to sharing their amazing designs with our retail partners, and to helping spread their message of love and light to women across the world."
Chrysalis bangles.
Patrick Retzer Joins Jayden Star
New York, NY--Jayden Star, designer and exclusive distributor of fine and fashion jewelry, has hired Patrick Retzer to help expand its branding efforts and market reach in the U.S. jewelry and gift markets. With the title fashion sales director, Retzer is responsible for managing key accounts and identifying new opportunities for expansion.
Since 2008, Retzer has worked with a variety of established retailers in management, including Fred Meyer Jewelers, Shane Co. and Sterling Jewelers. Most recently he was national sales manager for C.G. Creations.
Jayden Star serves over 2,000 customers in over 5,000 retail stores across the United States and also operates in the U.K, Netherlands, Italy, Greece, Australia and South Africa.
By The Morgans Launches ‘Infinite Love Collection’ Debuts At 2015 MusiCares Award
Los Angeles, CA—Legendary singer/songwriter Bob Dylan was honored this past weekend as MusiCares Person of the Year 2015, along with a tribute to musicians Jimi Hendrix and Jonny Cash. Many renowned musicians performed for the evening, including Norah Jones, Beck, Bonnie Raitt, Aaron Neville, Neil Young, Bruce Springsteen, John Mellencamp, Jack White, Sheryl Crow, Crosby, Stills and Nash, and Alanis Morissette, among others. The performers were treated to an exclusive backstage lounge where jewelry company By the Morgans was the accessory and jewelry sponsor and launched its Infinite Love collection.
By the Morgans' CEO, Mojo Morgan included a personalized note with every piece of the Infinite Love Collection jewelry gifted.
“As a musician and co-founder of By the Morgans, I know that love and music are synonymous. From BTM with love, congratulations to MusiCare's Person of The Year and living legend Bob Dylan for his musical and humanitarian contributions to humanity. Your work will live on forever in the hearts of your fans, with Infinite Love.“
Admiring the Infinite Love collection.