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.
Four Decades of Excellence: How Wilkerson Transformed a Jeweler's Retirement into Celebration
After 45 years serving the Milwaukee community, Treiber & Straub Jewelers owner Michael Straub faced a significant life transition. At 75, the veteran jeweler made a personal decision many business owners understand: "I think it's time. I want to enjoy my wife with my grandchildren for the next 10, 15 years."
Wilkerson's expertise transformed this major business transition into an extraordinary success. Their comprehensive approach to managing the going-out-of-business sale created unprecedented customer response—with lines forming outside the store and limits on how many shoppers could enter at once due to fire safety regulations.
The results exceeded all expectations. "Wilkerson did a phenomenal job," Straub enthuses. "They were there for you through the whole thing, helped you with promoting it, helping you on day-to-day business. I can't speak enough for how well they did." The partnership didn't just facilitate a business closing; it created a celebratory finale to decades of service while allowing Straub to confidently step into his well-earned retirement.
