US competitive strengths

Competitive strengths
Initiatives during 2007/08
Initiatives planned for 2008/09
Competitive strengths
Store operations and
human resources

The ability of the sales associate to explain the value proposition is essential to most jewellery purchases.

  • Centrally prepared training schedules and materials used by all stores
  • All store managers are trained diamontologists
  • About 5,300 trained diamontologists in total
  • Clear, measurable daily store standards
  • Each store receives a monthly customer experience report

Merchandising

Consumer offered superior value and selection

  • Leading supply chain capability among middle market speciality jewelers
  • Each store merchandised on an individual basis
  • Highly responsive demand-driven merchandise systems
  • 24 hour resupply capability

Marketing

Leading brands in middle market sector

  • Largest speciality jewellery retailing marketing budget in US
  • Ability to achieve leverage through national television advertising
  • Marketing database of over 25 million names

Real estate

Well designed stores located in primary locations with high visibility and traffic flows

  • Strict real estate criteria consistently applied over time
  • Well tested formats and locations
  • Attractive tenant for landlords due to high store productivity

Credit operations

Ability to facilitate customer transactions

  • About 50% of sales utilise in-house credit
  • Dedicated, proprietory scoring cards
  • Manage credit in context of our business