The Jewelers Board of Trade reports that 717 U.S. jewelry retailers stopped doing business in 2019.
That’s down from 852 businesses that closed in 2018.
Of those, 589 fell into the category of “ceased operations,” while 110 were listed as “consolidations (sale/merger)” and 18 were classified as “bankruptcies.”
Meanwhile, 193 jewelry retail businesses opened their doors in the U.S. in 2019. That was up from 183 in 2018.
Counting wholesalers and manufacturers along with retailers, 900 U.S. jewelry businesses closed their doors in 2019. That’s compared with 1,013 in 2017.
The total number of jewelry retailers listed in the U.S. is now 18,613, compared with 19,198 at the end of 2018, according to the Jewelers Board of Trade.
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The total number of jewelry businesses, including wholesalers and retailers, is 25,565, compared with 25,400 at the end of 2018.
