The Jewelers Board of Trade reports that 852 U.S. jewelry retailers stopped doing business in 2018.
That’s slightly more than the 817 businesses that closed in 2017.
Of those, 706 fell into the category of “ceased operations,” while 122 were listed as “consolidations (sale/merger)” and 24 were classified as “bankruptcies.”
Meanwhile, 183 jewelry retail businesses opened their doors in the U.S. in 2018. That was up significantly from 131 in 2017.
Counting wholesalers and manufacturers along with retailers, 1,013 U.S. jewelry businesses closed their doors in 2018. That’s compared with 1,022 in 2017.
The total number of jewelry retailers listed in the U.S. is now 18,974, compared with 19,823 at the end of 2017, according to the Jewelers Board of Trade.
The total number of jewelry businesses, including wholesalers and retailers, is 25,102, compared with 26,270 at the end of 2017.