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119 US Jewelry Retailers Closed in the 1st Quarter

The number represents a significant decrease from the year-ago quarter.

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The Jewelers Board of Trade reported that 119 U.S. jewelry retailers closed their doors in the first quarter of 2021.

That number represented a decrease from 238 closings in the first quarter of 2020.

The total included 89 retailers in the category of “ceased operations” as well as 26 “consolidations (sale/merger)” and four bankruptcies.

The total number of U.S. jewelry businesses that closed, including retailers, wholesalers and manufacturers, was 144. That was a decrease from 291 in the first quarter of 2020.

Meanwhile, JBT reported that 30 new retailers opened their doors in the U.S., down from 39 in the first quarter of 2020.

The total number of new jewelry businesses, including retailers, wholesalers and manufacturers, was 33. That was down from 48 new businesses in the year-ago quarter.

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JBT listed a total of 18,263 jewelry retailers in the U.S. as of the first quarter of 2021, down from 18,532 in the same quarter a year ago.

The group listed 24,095 jewelry businesses in all, including retailers, wholesalers and manufacturers. That was down from 24,464 in the first quarter of 2020.

Over the years, INSTORE has won 80 international journalism awards for its publication and website. Contact INSTORE's editors at [email protected].

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Wilkerson Testimonials | MSG Jewelers

Wilkerson Takes the Worry Out of Closing

MSG Jewelers has always treated its customers like family. When owner Mike George decided to retire and close the doors of his St. Louis, Missouri jewelry store, he selected a company to manage his going-out-of-business sale that treats its customers like family, too. That’s why he chose Wilkerson. “Wilkerson was able to do all the things that we needed,” says George. In the end, the bittersweet store closing was so much easier with Wilkerson at the helm. From marketing to pricing to inventory, Wilkerson does it all. “It’s a package deal,” says George.

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