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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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Wilkerson Testimonials | C. Aaron Peñaloza Jewelers

Wilkerson Paves the Way for the Future

After serving the San Antonio, Texas community for decades, C. Aaron Peñaloza Jewelers closed its doors earlier this year. Aaron and Mary Peñaloza, the store’s owners, chose Wilkerson to handle their retirement sale. “In the first six days, we did six months’ worth of business,” says Aaron. “In the first three weeks, we did a year’s worth of business.” Mary Peñaloza says Wilkerson’s ability to tailor the sale to their store’s requirements really made it all so much easier. “They are professionals,” she says. “They know what they’re doing. They have a plan, but they will listen to you and adjust that plan to your needs.”

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