Applying the classic 80-20 rule can help a retailer maximize the benefits from their diamond inventory. Sam Sandberg talks about the challenges facing retail profitability and cash flow. He defines what the 80-20 rule is, explains how it works, how it has evolved and illustrates how a retailer should apply the rule to the management of their diamond category. Sam Sandberg is chairman of the A Jaffe Co, a Plumb Club Member, with over 30 years of experience as a principle of the company.
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