Houlden Group reconsiders turnover criteria to support smaller retailers
The criteria for joining buying group the Houlden Group, including turnover and buying commitments, have been lowered in recognition of smaller, quality, independent operators.
In order to embrace the diversity of the jewellery trade, the Houlden Group has revised its membership criteria to ensure that smaller, quality, independent operators can benefit from its services if they join the group.
The criteria for joining Houlden Group, including turnover and buying commitments, have been lowered in recognition of this, while retaining the organisation’s focus on accepting credible, quality operators and respecting the location of existing members.
To join the Houlden Group, retailers must have an annual turnover of above £300,000 per shop, with a desire and plan to reach £1m turnover, and buy a minimum of £50,000 worth of jewellery per annum.
Houlden Group chief executive Stuart Laing, said: “There is a wealth of talent in our industry and turnover is not necessarily a criteria of quality alone. Many of our members started small and grew to be the major retailers that they are today, partly by virtue of the benefits they have gained from their Houlden membership.
“We believe that a greater diversity of retailers, with similar aspirations to grow their business, will bring something more to Houlden. In return, these retailers will be able to take advantage of being part of our network - with attractive buying terms, interesting and exclusive suppliers and tremendous support in training and marketing. Most importantly though, networking with like-minded independent jewellers is a most rewarding experience.”
The Houlden Group will be exhibiting at IJL on stand H115.
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