Press Releases

Signet Tops List of ‘$100M Supersellers’

Published

7 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.

You Wouldn’t Cut Your Own Hair. Why Run Your Own Retirement Sale?

After being in business for over a quarter of a century, Wayne Reid, owner of Wayne Jewelers in Wayne, Pennsylvania, decided it was time for a little “me time.” He says, “I’ve reached a point in my life where it’s time to slow down, enjoy a lot of things outside of the jewelry industry. It just seemed to be the right time.” He chose Wilkerson to handle his retirement sale because of their reputation and results. With financial goals exceeded, Reid says he made the right choice selecting Wilkerson to handle the sale. “They made every effort to push our jewelry to the forefront of the showcases,” he says, lauding Wilkerson for their finesse and expertise. Would he recommend them to other jewelers who want to make room for new merchandise, expand their business or like him, decide to call it a day? Absolutely he says, equating trying to do this kind of sale with cutting your own hair. “The results are going to happen but not as well as if you have a professional like Wilkerson do the job for you.”