Episode 64: Guest Holly Wesche




The Jewelry District show

Summary: You’ll hear JCK editor-in-chief Victoria Gomelsky (https://www.jckonline.com/writer/victoria-gomelsky/) and news director Rob Bates (https://www.jckonline.com/writer/rob-bates/) talk with Holly Wesche, owner of Wesche Jewelers about everything from rocket launches to lessons learned in the past two years.Show Notes01:20 The JCK editors introduce Holly Wesche, owner of Wesche Jewelers.03:50 Holly describes how she got started in the jewelry industry.07:10 Holly remarks on the tremendous success Wesche Jewelers has seen in the past two years.09:00 The group discusses the paradigm shift that has occurred in the past two years in retail.17:20 How have store events changed at Wesche Jewelers?19:30 Victoria asks what product trends Holly has seen.21:00 Rob asks Holly about the benefits of her involvement in associations.Episode CreditsHosts: Rob Bates and Victoria GomelskyProducer and engineer: Natalie ChometPlugs: jckonline.com (https://www.jckonline.com), @jckmagazine (https://www.instagram.com/jckmagazine/)Show RecapIntroducing Holly WescheRob and Victoria introduce their guest, Holly Wesche, owner of Wesche Jewelers. She is based in Melbourne, Fla., on "the space coast," near Cape Canaveral. They move on from rocket launches to how Holly's career launched. Holly describes how, despite her family's business, she fell into jewelry retail by chance. Growing up, she had not considered entering the industry. When Holly was in school studying journalism, she started a part-time job at a jewelry counter to make a little money. That's when she was "bit by the jewelry bug." When Holly got serious about her new career path, her dad had a heart-to-heart with her about taking up the family trade. He warned her to know how difficult it is to own one's own business, but he knew she would be successful.Wesche Jewelers' Success Amid The PandemicWesche Jewelers has had a strong few years recently. In 2021, they were up 48%—and that was after a very successful year. Wesche has experienced double-digit growth over the past two years, which surprised Holly and has caused her to feel gratitude. During the quarantine period, Wesche Jewelers was closed for six weeks. While the store was closed, Holly looked at the store's budget and mapped out worst-case scenarios. However, once the store reopened, business immediately began to boom. At first, she thought it was the boomerang effect and waited for the bubble to burst, but it never did.Dealing With a Paradigm Shift in RetailHolly describes how things shifted for Wesche during the pandemic and how her team was able to adapt. They were already doing curbside pickup and virtual sales, but these used to be the exception instead of the rule. Her team was well-equipped to take those skills and put them into their everyday business practice. Another example is online payments. Wesche had been looking into the Podium payment platform before the pandemic, but COVID accelerated their adoption of it. The company also improved e-commerce on its website. One of the big lessons Holly learned from this experience is always to look forward and not wait for a disaster to force her to think outside the box.Setting IntentionsThe pandemic forced retailers to improve e-commerce and adapt to meet customers where they are. Holly describes the different ways Wesche has adapted to become more intentional about the digital side of its business. She asserts that the in-person and digital experience are very intertwined,