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 2014, the recovery of the industry has largely trended 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 Key Buyers Chapter
The Jewelry Stores industry has a low level of market share concentration, as the four largest players account for an estimated 22.0% of the total market in 2014. Over the past five years, industry concentration has increased slightly as major players have used their brand names to sustain and expand their respective market shares. Additionally, the advance of online sales has further enabled large industry stores to expand while reducing the strength and number of many smaller industry operators.
The industry's relatively low barriers to entry create a highly competitive environment in which a large amount of small companies compete for an insignificant share of the domestic industry... purchase to read more