Headlines

192 US Jewelry Stores Close in Third Quarter

That’s higher than in the third quarter of last year.

Published

6 years ago

October 22, 2018

INSTORE Staff

The Jewelers Board of Trade reported that 192 U.S. jewelry retailers closed their doors in the third quarter of 2018.

That number represented an increase from 174 closings in the third quarter of 2017.

The total included 155 retailers in the category of “ceased operations” as well as 31 “consolidations (sale/merger)” and six bankruptcies.

The total number of U.S. jewelry businesses that closed, including retailers, wholesalers and manufacturers, was 226. That was a decrease from 228 in the third quarter of 2017.

Meanwhile, JBT reported that 39 new retailers opened their doors in the U.S., up from 34 in the third quarter of 2017.

The total number of new jewelry businesses, including retailers, wholesalers and manufacturers, was 51. That was up from 40 new businesses in the year-ago quarter.

JBT listed a total of 19,101 jewelry retailers in the U.S. as of the third quarter of 2018, down from 20,040 in the same quarter a year ago.

The group listed 25,268 jewelry businesses in all, including retailers, wholesalers and manufacturers. That was down from 26,523 in the third quarter of 2017.

click to Comment(Comment)

Up Next

Baselworld Loses 3 More Brands

Don't Miss

3 Jewelry Shows Launch Joint Marketing Campaign

Looking for a Seamless Sale? Call Wilkerson

After almost 60 years in business, Breakiron Jewelers in Erie, Pennsylvania, was closing its doors. And the store’s owner, Linda Breakiron, was ready for it. She had run the store as its sole owner since the beginning of the millennium and was looking forward to a change. Of course, she called Wilkerson. Breakiron talked to other jewelers who had used Wilkerson and was satisfied with their response. “They always had positive feedback,” she recalls. With the sales, marketing and even additional inventory that Wilkerson provided, Breakiron insists she could never have accomplished her going-out-of-business sale without Wilkerson’s help. She’s now ready for the journey ahead, but looking back, she’d be sure to recommend Wilkerson. “They just made the whole process very seamless.”