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Article: Batteries = Bucks.
- Article from:
- Jewelers Circular Keystone
- Article date:
- April 1, 2009
CopyrightCOPYRIGHT 2009 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Gary Roskin, G.G. FGA, Contributing Editor
Watch batteries can help keep your business ticking.
Think there's no money in watch batteries? Wal-Mart Supercenters changed 18 million batteries last year, sources say. At a wholesale cost of roughly 40 cents apiece, charging $4.24 retail for each battery delivers a gross profit of $69 million.
"There's definitely money to be made in watch batteries," says Henry Kessler, president and owner of Sy Kessler Sales in Dallas, the North American headquarters for Renata Batteries, Itingen, Switzerland. "Good-quality watch batteries cost on average about 50 cents each. Jewelers typically charge $10 or more ...