Retail sector’s struggles stem mainly from reduced discretionary spending.
Stats for year so far reflect uptick in retailer bankruptcies.
Meanwhile, 82 new jewelry retailers opened their doors.
Newton’s Jewelers is planning a closing sale for April 6.
379 jewelry retail businesses opened their doors.
The owner is retiring.
"When we close the doors for the final time it will be an incredibly sad day," says the owner, who is retiring.
The store rebranded recently as Starnes Bramlett.
The owner blames the area's 'vandalism, homelessness crisis, and sense of nighttime lawlessness.'
That’s down somewhat from 2020.
A going-out-of-business sale is underway.
But the number of new jewelry businesses also rose.
The number represents a significant decrease from the year-ago quarter.
That's far fewer than in 2019.
The number is down significantly from the same quarter a year ago.
The rate of closings decreased significantly.
The rate of closings increased considerably.
The number of closures is down significantly from 2018's figure.
The pace of industry shrinkage edged upward.
The chain's inventory had a retail value of $90M.
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