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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.

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 | Sollberger’s

Going Out of Business Is an Emotional Journey. Wilkerson Is There to Make It Easier.

Jaki Cowan, the owner of Sollberger’s in Ridgeland, MS, decided the time was right to close up shop. The experience, she says, was like going into the great unknown. There were so many questions about the way to handle the store’s going-out-of-business sale. Luckily for Cowan, Wilkerson made the transition easier and managed everything, from marketing to markdowns.

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Wilkerson even had a plan to manage things while Covid-19 restrictions were still in place. This included limiting the number of shoppers, masking and taking temperatures upon entrance. “We did everything we could to make the staff and public feel as safe as possible.”

Does she recommend Wilkerson to other retailers thinking of retiring, liquidating or selling excess merchandise? Absolutely. “If you are considering going out of business, it’s obviously an emotional journey. But truly rest assured that you’re in good hands with Wilkerson.”

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