Jewelry Stores in the US - Industry Market Research Report

Jewelry Stores in the US - Industry Market Research Report

  • August 2021 •
  • 42 pages •
  • Report ID: 198928 •
  • Format: PDF
Gold medal: Operators will likely place greater emphasis on e-commerce due to rising external competition

Abstract

Jewelry Stores in the US
The Jewelry Stores industry sells jewelry, timepieces and sterling and plated silverware from brick-and-mortar establishments. Demand for industry products has remained strong over the five years to 2019, as a result of increased consumer spending during the current period. Furthermore, given that the majority of demand is driven by consumers earning more than $100,000 before taxes, the industry has benefited from the growing number of households in this income segment. The industry is projected to continue declining over the five years to 2024. While consumer spending is expected to continue to increase over the five years to 2019, heightened competition from mass retailers and warehouse clubs, such as Walmart Inc. and Costco Wholesale Corporation, in addition to several large online retailers, is expected to drive out smaller industry operators over the next five years.

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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