Industry Analysis & Industry Trends
The Jewelry Stores industry lost some of its luster during the recession. Industry revenue declined as consumer confidence plummeted and disposable income diminished. Consequently, consumers tightened their purse strings, decreasing demand for nonessential luxury items such as jewelry. Nevertheless, in the five years to 2015, revenue is expected to trend largely in line with the overall US economy. As consumers increase discretionary spending, jewelry stores will raise their prices and retain more profit, while limited competition from alternative retailers will contribute to solid revenue growth for the industry... purchase to read more
Industry Report - Industry Analysis Chapter
The Jewelry Stores industry sells jewelry, timepieces and sterling and plated silverware. The industry is composed of traditional brick-and-mortar shops and does not include internet, mail-order nor direct sales retailers. After struggling during the economic downturn, rising consumer confidence and falling unemployment has encouraged consumers to increasingly purchase jewelry sold by this industry. Industry revenue is consequently expected to rebound from recessionary lows at an average annual rate of 4.0% to about $37.5 billion during the five years to 2015.
The economic downturn greatly reduced demand for industry products and caused industry revenue to hit a 10-year low amid the recession... purchase to read more