Headlines

817 US Jewelry Retailers Closed Their Doors in 2017

That’s far fewer than in 2016.

Published

7 years ago

January 18, 2018

INSTORE Staff

The Jewelers Board of Trade reports that 817 U.S. jewelry retailers stopped doing business in 2017.

That’s significantly fewer than the 1,269 businesses that closed in 2016.

Of those, 678 fell into the category of “ceased operations,” while 120 were listed as “consolidations (sale/merger)” and 19 were classified as “bankruptcies.”

Meanwhile, 131 jewelry retail businesses opened their doors in the U.S. in 2017. That was down from 214 in 2016.

Counting wholesalers and manufacturers along with retailers, 1,022 U.S. jewelry businesses closed their doors in 2017. That’s compared with 1,669 in 2016.

The total number of jewelry retailers listed in the U.S. is now 19,652, compared with 20,379 at the end of 2016, according to the Jewelers Board of Trade. The total number of jewelry businesses, including wholesalers and retailers, is 26,031, compared with 27,059 at the end of 2016.

INSTORE Staff

Since launching in 2002, INSTORE has won 89 international journalism awards for its publication and website. Contact INSTORE's editors at editor@instoremag.com.

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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.”