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.”
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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.
Closing With Confidence: How Bailey's Fine Jewelry Achieved Outstanding Results With Wilkerson
When Trey Bailey, President and CEO of Bailey's Fine Jewelry, decided to close the Crabtree location in Raleigh, North Carolina after 15 years, he knew the decision needed to be handled with intention and professionalism. The goal was clear: exit the location while maintaining financial strength and honoring the store's legacy.
Having worked with Wilkerson successfully in the past, Bailey understood the value of their comprehensive approach. "They understood both the emotional and financial sides of the store closing sale," Trey explains. "Their reputation for professionalism, results and care made it a very easy decision."
The results exceeded expectations. Wilkerson helped Bailey's sell through significant inventory while maintaining the dignity of the closing process. "They don't just run a sale, they help close a chapter in the best way possible," Bailey says, strongly recommending Wilkerson to any jeweler facing a similar transition.
