Industry Analysis & Industry Trends
As the unemployment and poverty rates have flattened out, consumer confidence has returned to healthy levels and demand for industry products has grown, helping the Jewelry Stores industry regain its luster. However, recent contractions in the world price of gold have suppressed jewelry prices in recent years and reduced industry revenue in recent years. As the economy has improved, growing disposable income has spurred more consumers to purchase discretionary jewelry pieces. High-income consumers are more likely to purchase luxury goods that provide greater returns to operators, boosting industry profit. The industry will continue to post nominal gains over the five years to 2021, with the price of gold decreasing further and limiting price markups despite economic recovery... purchase to read more
Industry Report - Industry Locations Chapter
Industry activity is concentrated in the Southeast and Mid-Atlantic regions of the United States. Together, these regions account for close to half of industry establishments. High per capita income and large population densities are responsible for the elevated level of concentration of industry establishments in these two regions.
The Southeast region, which has 25.4% of the US population, accounts for an estimated 24.8% of industry establishments. Most notably, the state of Florida has 8.8% of industry establishments... purchase to read more