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 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 or direct sales retailers. After struggling during the recession, the industry has somewhat recovered during the five years to 2014. Industry revenue is expected to rebound from recessionary lows at an average annual rate of 3.7% to about $36.0 billion during the five years to 2014. Additionally, the number of jewelry stores is expected to grow 0.9% annually during the five-year period to 70,527 locations.
The economic downturn greatly reduced demand for industry products and caused industry revenue to hit a 10-year low in 2009... purchase to read more