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717 US Jewelry Retailers Closed Their Doors in 2019

The number of closures is down significantly from 2018’s figure.

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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.

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Thinking of Liquidating? Wilkerson’s Got You Covered

Bil Holehan, the manager of Julianna’s Fine Jewelry in Corte Madera, Calif., decided to go on to the next chapter of his life when the store’s owner and namesake told him she was set to retire. Before they left, Holehan says they decided to liquidate some of the store’s aging inventory. They chose Wilkerson for the sale. Why? “Friends had done their sales with Wilkerson and they were very satisfied,” says Holehan. He’d enthusiastically recommend Wilkerson to anyone looking to stage a liquidation or going-out-of-business sale. “There were no surprises,” he says. “They were very professional in their assessment of our store, what we could expect from the sale and they were very detailed in their projections. They were pretty much on the money.”

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