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817 US Jewelry Retailers Closed Their Doors in 2017

That’s far fewer than in 2016.

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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.

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SPONSORED VIDEO

Wilkerson Testimonials | MSG Jewelers

Wilkerson Takes the Worry Out of Closing

MSG Jewelers has always treated its customers like family. When owner Mike George decided to retire and close the doors of his St. Louis, Missouri jewelry store, he selected a company to manage his going-out-of-business sale that treats its customers like family, too. That’s why he chose Wilkerson. “Wilkerson was able to do all the things that we needed,” says George. In the end, the bittersweet store closing was so much easier with Wilkerson at the helm. From marketing to pricing to inventory, Wilkerson does it all. “It’s a package deal,” says George.

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