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 SWOT Analysis Chapter
The Jewelry Stores industry is in the mature phase of its life cycle. IBISWorld expects industry value added (IVA), which measures the industry's contribution to the overall economy, to grow at an average annual rate of 0.4% over the 10 years to 2021. Comparatively, GDP is expected to grow an annualized 2.2% during the same period. While IVA growth is low, this is largely attributable to declines in the price of gold throughout much of the period.
Retail store technology in this industry has not changed significantly over the five years to 2016 and is not expected to experience any substantial growth during the next five years... purchase to read more