Press Releases

Signet Tops List of ‘$100M Supersellers’

Published

6 years ago

October 25, 2017

INSTORE Staff

National Jeweler released its ‘State of the Majors’ report.

NEW YORK – Signet Jewelers Ltd. has topped National Jeweler’s 2017 list of “$100 Million Supersellers.”

The ranking is part of the publication’s new State of the Majors report, which analyzes the performance of the country’s largest jewelers and the current state of jewelry retailing. Rounding out the top five are Wal-Mart, Macy’s, Costco and Tiffany & Co.

National Jeweler notes that even as the number of retail locations falls, the number of firms selling more than $100 million in jewelry and watches climbed last year.

The upshot is that retailers are “scooping up the jewelry customers of now-shuttered stores,” according to the publication.

The State of the Majors consists of two lists analyzing 2016 sales data, according to a press release. The $100 Million Supersellers list ranks the largest U.S. jewelers by annual sales, including both specialty jewelers and multi-line retailers. The Top 50 North American Retail Jewelry Chains list ranks specialty jewelers by number of stores.

National Jeweler Editor-in-Chief Michelle Graff said the report is “an excellent resource for anyone who needs data on the fine jewelry industry.”

The report also includes articles on the states of the diamond industry, colored stone market and jewelry design, the release notes.

“The National Jeweler team is very proud of this year’s State of the Majors,” said National Jeweler Publisher Matthew Tratner. “Our editorial and sales teams put in a lot of effort to make it a robust issue packed with useful insight. Now back in annual circulation, we are thrilled by the response from the industry and know that its release has been widely anticipated.”

To read The State of the Majors, visit http://www.nationaljeweler.com/magazine/stateofthemajors.

When There’s No Succession Plan, Call Wilkerson

Bob Wesley, owner of Robert C. Wesley Jewelers in Scottsdale, Ariz., was a third-generation jeweler. When it was time to enjoy life on the other side of the counter, he weighed his options. His lease was nearing renewal time and with no succession plan, he decided it was time to call Wilkerson. There was plenty of inventory to sell and at first, says Wesley, he thought he might try to manage a sale himself. But he’s glad he didn’t. “There’s no way I could have done this as well as Wilkerson,” he says. Wilkerson took responsibility for the entire event, with every detail — from advertising to accounting — done, dusted and managed by the Wilkerson team. “It’s the complete package,” he says of the Wilkerson method of helping jewelers to easily go on to the next phase of their lives. “There’s no way any retailer can duplicate what they’ve done.”