Connect with us

Headlines

Jewelers Feeling Good as We Reach the Mid-Point of the Year

mm

Published

on

The INSTORE Jewelers Confidence Index edged back up to the high 50s in early July against a backdrop of a strong economy, cheap credit, and rising household income – especially at the top end.  

Forty percent of the jewelers in our survey said the short-term prospects for their business had improved in the past month, compared to just 9 percent who said it had deteriorated. That latter figure was the lowest since we started doing our confidence reports in mid-2016 and suggests the benefits of the booming economy are filtering down to more of the jewelers how had so far missed out.

Meanwhile, 45 percent of jewelers said they were buying less inventory this year compared to the same period in 2017, while 22 percent said they were buying more, tracking a trend we have seen for most of the last two years. It is these two elements – outlook and orders — that make up the JCI.

In terms of actual store performance, 49 percent of the jewelers said their sales were up over June 2017 while 22 percent said they were down. That was a notch down from last month’s very strong figures (54 percent up and 21 percent down) but points to an industry that overall is enjoying good times.

Our most recent Brain Squad survey, taken between June 30 to July 20, attracted responses from 265 independent jewelry store owners across the U.S. and Canada. 

Advertisement

Advertisement

SPONSORED VIDEO

She Wanted to Spend More Time with Her Kids. She Called Wilkerson.

Your children are precious. More precious than gold? Absolutely! Just ask Lesley Ann Davis, owner of Lesley Ann Jewels, an independent jewelry store that — until the end of 2023 — had quite a following in Houston, Texas. To spend more time with her four sons, all in high school, she decided to close her store. Luckily, she was familiar with Wilkerson and called them as soon as she knew she wanted to move on to bigger, better and more family-focused things. Was she happy with her decision? Yes, she was. Says Davis, “Any owner looking to make that life change, looking to retire, looking to close, looking for a pause in their career, I would recommend Wilkerson. Hands down!”

Promoted Headlines

Most Popular