Industry Analysis & Industry Trends
After several losses during the recession, jewelry stores will come out of the downturn with renewed consumer sentiment and strong profit performance. Demand for high-valued pieces like engagement rings will drive industry growth, as competition from budget-conscious retailers and supercenters remains limited. Furthermore, revived demand for luxury goods will cause stores to raise their prices, benefiting profit margins... purchase to read more
Industry Report - Starting a New Business Chapter
Overall, the Jewelry Stores industry's barriers to entry are moderate. Establishing a brand, investing in capital and contracting suppliers are obstacles to potential entrants. The industry's larger players hold a competitive advantage over new entrants since they already boast brand recognition. This factor could discourage new entrants. For example, Tiffany & Co and Zales, two of the industry's major players, have brand names that are synonymous with exclusive jewelry in the United States. They hold a combined market share of about 10.5%. These top operators have a strong brand and widely accepted image that some independent and locally owned jewelry stores do not possess... purchase to read more