Business Services Industry
Amazon's jewelry foray could press local jewelers.(Amazon.com Inc.)
Crain's Detroit Business, April, 2004
Byline: Brent Snavely The jewelry selling business just got a little tougher. Amazon.com announced Thursday that it was adding an online jewelry store after a beta test of the site drew more than 100,000 buying customers. Its selling point: a promise to sell high-quality jewelry for around a 15 percent markup, compared with what it says is the industry standard markup of 60 percent to 100 percent.
"I regard online jewelry sales as another part of the competition that we have to really deal with,'' said Steve Tapper, vice president and co-owner of Tapper's Diamonds and Fine Jewelry in West Bloomfield Township. "There is no question that these online sites take a little piece of the pie.'' Even though the thought of buying a diamond off of a computer...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
