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Jewelers See Less than 30% Chance of a Recession Next Year

There’s still time to take the Big Survey!

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Jewelers See Less than 30% Chance of a Recession Next Year

MOST INDEPENDENT JEWELERS see no more than a 30 percent chance of the economy falling into recession next year based on their current financial situations and past business experience, according to INSTORE’s 2019 Big Survey.

That’s slightly more upbeat than a panel of prominent economists surveyed by Bloomberg News that estimated there’s about a 35 percent chance of a downturn in 2020.

In the event the economy does turn south, 63 percent of jewelers felt their business were in a “strong” or “very strong” position to weather a slump.

Please note that the Big Survey is still open and we are adding new responses as they come in. If you’re a jewelry store owner or manager and would like to take the survey, it can be accessed HERE. Be quick though, we’ll be closing it soon.

(Please note the Big Survey is designed for owners or managers)

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SPONSORED VIDEO

Moving Up — Not Out — with Wilkerson

Trish Parks has always wanted to be in the jewelry business and that passion has fueled her success. The original Corinth Jewelers opened in the Mississippi town of the same name in 2007. This year, Parks moved her business from its original strip mall location to a 10,000-square foot standalone store. To make room for fresh, new merchandise, she asked Wilkerson to organize a moving sale. “What I remember most about the sale is the outpouring excitement and appreciation from our customers,” says Parks. Would she recommend Wilkerson to other jewelers? “I would recommend Wilkerson because they came in, did what they were supposed to and made us all comfortable. And we met our goals.”

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