Jewelry Stores in the US
Demand for products from the Jewelry Stores industry has remained strong over the five years to 2018 as a result of increased consumer spending during the period. Furthermore, given that the majority of demand is driven by the nation's two highest income levels, the industry has benefited from the growing number of households earning more than $100,000. Despite these positive trends, industry revenue is expected to decrease during the current period as a result of steep external competiton from online retailers and consumer concerns about the ethical sourcing of diamonds. Over the five years to 2023, external competition will continue to lead to decreases in industry revenue. Online retailers with minimal overhead are able to offer lower prices than brick-and-mortar jewelry retailers. Consequently, industry operators will also place greater emphasis on their e-commerce and omnichannel sales, which are not industry relevant.
Operators in this industry sell new jewelry, timepieces and sterling and plated silverware. Companies that vend these products in combination with engraving or repair services are also included in the industry. Operators do not cut and set gemstones or sell costume jewelry or antiques. They also do not sell used goods or provide repair services without also selling new jewelry products. Moreover, this industry does not include internet, mail order or direct sales retailers.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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