Connect with us

Headlines

Independent Jewelers Continue to Be Bullish on Outlook for 2017

mm

Published

on

Despite positive feelings, jewelers still ordering less inventory

American jewelers maintained their upbeat outlook as we moved into April, with the INSTORE Jewelers’ Confidence Index holding steady in positive territory at 53. 

More than 42 percent of the 247 independent jewelers who took our survey said the prospects for their businesses had improved in March compared to just 12 percent who said they’d deteriorated. Despite that bullish assessment, 50 percent of the jewelers said they had ordered less stock in March compared to the same month last year, while only 21 percent had ordered more. Those two factors – outlook and actual orders – form the basis of our index. 

April’s score of 53 marks the fifth straight positive reading for the JCI. In November, amid all the uncertainty created by the countdown to the election, the index showed a reading of just 45. 

Note: The INSTORE JCI is based on jewelry-store owners’ level of confidence in the short-term outlook for their businesses as well as their willingness to place orders for new stock. A score above 50 suggests they are more positive than negative.

Advertisement

Continue Reading
Advertisement

SPONSORED VIDEO

Wilkerson Testimonials

Retirement Made Easy with Wilkerson

The store was a landmark in Topeka, Kansas, but after 80 years in business, it was time for Briman’s Leading Jewelers to close up shop. Third generation jeweler and owner Rob Briman says the decision wasn’t easy, but the sale that followed was — all thanks to Wilkerson. Briman had decided a year prior to the summer 2020 sale that he wanted to retire. With a pandemic in full force, he had plenty of questions and concerns. “We had no real way to know if we were going to be successful or have a failure on our hands,” says Briman. “We didn’t know what to expect.” But with Wilkerson in charge, the experience was “fantastic” and now there’s plenty of time for relaxing and enjoying a more secure retirement. “I would recommend Wilkerson to any retailer considering a going-out-of-business sale,” says Briman. “They’ll help you reach your financial goal. Our experience was a tremendous success.”

Promoted Headlines

Most Popular