Connect with us

Big Survey

Jewelers Increasingly Less Likely to Stock Watches

More than 50 percent of jewelers continue to stock watches, but the trend is down amid surging Apple Watch sales and Rolex supply-chain shortages, according to the INSTORE 2021 Big Survey.




Jewelers Increasingly Less Likely to Stock Watches

Products that jewelers responding to the Big Survey carry.

WHEN REMINDED THAT in 2019 Apple Watch sales surpassed those of all Swiss watch makers, 26 percent of respondents to the Big Survey said they thought that the Apple Watch was “killing traditional watch sales,” while 30 percent said that the Apple product was having a “moderate negative impact.”

Just 1 percent said that Smartwatches had become “a nice little earner.”

The number of jewelers stocking watches has dropped by some 10 percent over the past decade, the Big Survey has found.

The 2021 Big Survey was carried out between August and September, attracting more than 600 anonymous responses from owners of independent jewelry stores across the United States and Canada. The full results will be published in the upcoming November issue of INSTORE.




It’s Going to Set Us Up Very Nicely for Retirement

You’ve worked hard all your life. And if you’re like most jewelers contemplating retirement, you’re hoping that your going-out-of-business sale will add to your nest egg — with minimal complications. That’s exactly what Doug and Jacki Friedrich, fourth-generation owners of Friedrich Jewelers Inc., of Vernon, Conn., experienced when they selected Wilkerson to run their sale. “Jewelers who are contemplating a sale should go with Wilkerson because of their experience,” says Doug. And with financial goals “exceeding expectations,” the couple can now focus on enjoying the next chapter of their lives. “It’s going to set us up very nicely for retirement,” says Jacki. “The money’s coming in and we have no complaints. It’s been wonderful.”

Promoted Headlines

Most Popular