Connect with us

Headlines

817 US Jewelry Retailers Closed Their Doors in 2017

That’s far fewer than in 2016.

mm

Published

on

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.

Advertisement

Over the years, INSTORE has won 80 international journalism awards for its publication and website. Contact INSTORE's editors at [email protected].

Advertisement

SPONSORED VIDEO

Wilkerson Testimonials

When Liquidation Is the Best Option, This Legendary Jeweler Chose Wilkerson

George Koueiter & Sons Jewelers, a 65-year old jewelry institution in Grosse Pointe, MI, had always been a mainstay in this suburban Detroit community. But when owners George and Paul Koueiter were ready to retire, they made the decision to close rather than sell. “We decided our best option to do the liquidation sale was Wilkerson,” says Paul Koueiter. The results, says George Koueiter, exceeded expectations and the process was easy. “Wilkerson just kept us in mind,” says George. “They never did anything without asking and whatever they asked us to do was just spot on.”

Promoted Headlines

Advertisement

Advertisement

Advertisement

Subscribe


BULLETINS

INSTORE helps you become a better jeweler
with the biggest daily news headlines and useful tips.
(Mailed 5x per week.)

Latest Comments

Most Popular