Connect with us

Headlines

Jeweler Confidence Is Up – and Sales Don’t Look Bad, Either

mm

Published

on

Check out our latest Jewelers’ Confidence Index.

A new month, a more positive outlook. American jewelers were once again feeling more bullish about the state of the industry and their operations, with the INSTORE Jewelers’ Confidence Index climbing to 53 in the first part of June, up from last month’s neutral reading of 50. The latest result means the JCI has been in positive territory for five of the six months in the first half of 2017.

In our most recent survey, 39 percent of the 256 independent jewelers polled said the prospects for their businesses had improved compared to 14 percent who said they’d deteriorated, while the rest said they had remained the same.

Despite this fairly positive assessment, 47 percent of the jewelers said they had ordered less stock in May compared to the same month last year, while 23 percent had ordered more. Those two factors – outlook and actual orders – form the basis of our index.

As for actual sales performance in May, the news is mostly good. Forty-seven percent of the Brain Squad said their numbers were “up” or “way up” compared to 31 percent who said they were “down” or “way down” over the same period last year. Twenty-two percent said they were about the same.


This article is an INSTORE Online extra.

Advertisement

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

Most Popular