It is unusual to find a retailer which has been growing steadily
since 1840 - let alone a family-run business. Now managed
by a sixth generation of the Brown family, Herbert Brown Jewellers
is therefore a rarity on both counts. With branches across
the country, the retailer stocks 70,000 items of jewellery
across a broad range of price points, from a £1.50 watch
battery to a £35,000 ring. This, combined with its pawn-broking
service, generates an estimated annual turnover of £6.5
million.
To ensure the business would stay healthy for a seventh
generation, the Brown family recognised the need to replace
its aging in-house retail management system. At any one time,
goods worth a quarter of a million pounds can be in transit
around the Herbert Brown network so it was important that
this could be managed more effectively.
After an extensive evaluation, Herbert Brown invested in
Futur@ERS, a complete retail IT system from Berkshire-based
solution provider, Futura, which has enhanced the efficiency
of the business from purchase order to point of sale. For
example, the system is equipped with fast and easy-to-use
Epson TM-T88III thermal receipt printers to ensure speed and
efficiency in-store and minimise customer waiting times, essential
for a service led operation such as a jewellery business.
At the company's Head Office in Leeds, meanwhile, Herbert
Brown's management team can stay in touch with its nineteen
stores. "The system answers all those 'W' questions -what's
being sold, where and when; and because we know how much each
item is selling for, we have a much better basis for our buying
decisions," said Robert Brown, IT Director and one of
four brothers running the business. "During stock-taking,
for example, we used to have to wade through all the data,
regardless of whether it was the same as the previous month.
With Futur@ERS, it can be set to only report on things that
have changed so it makes it easier to spot the trends and
opportunities."
"We're already seeing business benefits," he continued.
"Inventory loss is down to 0.2 per cent, while total
stock being held is down, because we can move the right merchandise
to the right store without buying in new inventory. With such
high value items, just a small reduction on the items bought
makes a big difference to cash flow. It also reduces the need
for forced discounting."
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