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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

Wilkerson Testimonials | MSG Jewelers

Wilkerson Takes the Worry Out of Closing

MSG Jewelers has always treated its customers like family. When owner Mike George decided to retire and close the doors of his St. Louis, Missouri jewelry store, he selected a company to manage his going-out-of-business sale that treats its customers like family, too. That’s why he chose Wilkerson. “Wilkerson was able to do all the things that we needed,” says George. In the end, the bittersweet store closing was so much easier with Wilkerson at the helm. From marketing to pricing to inventory, Wilkerson does it all. “It’s a package deal,” says George.

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