{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Hallstead Jewelers Final

Hallstead Jewelers Final - Running head HA LLSTEAD JEWELERS...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Running head: HALLSTEAD JEWELERS 1 Hallstead Jewelers Daniel Romero Richard Schultz Marie Shankland Christine Sutton Florida Institute of Technology
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Running head: HALLSTEAD JEWELERS 2 Hallstead Jewelers I know that Hallstead Jewelers was founded 83 years ago by your grandfather and he grew the store from a modest startup to one of the largest jewelry and gift stores in the United States. He also nurtured the reputation that any gift from Hallstead had an extra cache attached to it, as Hallstead’s was known for having the best. Your father took over store operations when your grandfather passed just as you two did in 2002 when your father passed. Since I have been the accountant for the business for quite some time I know that since 1999 sales have become stagnate and profits have been slipping. I also know that the main shopping area has shifted two blocks west but Hallstead’s had remained at its original location. After hiring a consultant, you were told that Hallstead’s needed more space and a fresh new look and with expansion being impossible at your original location you decided in 2005 to move the store closer to the popular shopping areas. With this move you expanded the store by 50% and made changes in product offerings that had more sales potential. This move has resulted in a five-year lease as well as extensive and expensive renovations and build-outs. During the year it took to complete the move and renovations the industry started showing major changes toward internet based jewelry sales.
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}