The men are allegedly responsible for stealing millions in jewelry and other valuables in 43 burglaries in 25 towns across Massachusetts.
Product Pulse: How Do Your Watch Sales Compare?
More than half of the retail jewelers who took our survey this month said their watch sales have declined over the past 10 years as they struggle to compete with online sellers.
New York--Though they carry about the same amount of brands as they did a decade ago, retailers report that watches have been slowing as a part of their overall sales in the past 10 years.
This is one of findings in National Jeweler’s latest Product Pulse, a monthly feature where jewelers from around the country share details on sales in a specific category in their stores. Last month’s product survey polled jewelers about silver.
National Jeweler’s March Product Pulse was done in conjunction with Jewelers of America’s new Business Pulse survey, which is designed to help the organization better understand the state of retail in retail time. (JA’s first Business Pulse zeroed in on succession planning and National Jeweler will share those results in a future story.) It is being released just as Baselworld, the largest watch trade show in the world, kicks off in Switzerland.
A total of 203 retailers took the combined survey, which was conducted from late February to early March. Of those retailers, 82 percent, or 166, reported that they carry watches in their stores.
For those who indicated they carry watches, 84 percent said the category accounts for less than 15 percent of sales, and it’s not a category that’s showing growth for jewelry retailers.
More than half (55 percent) of respondents said their watch sales have decreased as a percentage of overall sales over the past 10 years while a total of 26 percent said they’ve stayed the same in that time period. This means that 81 percent of retailers polled have witnessed either stagnant or slipping watch sales since 2006.
One jeweler had this to say about selling watches: “(The) retail watch industry is slowing down because the consumer will come into the store and try it on and then go search the Internet for the cheapest price possible. Now, as a retailer I am choosing to carry less models in the store and keep my price points low. It’s not fair on a new model that the consumer is able to find on online at a fraction (of the) cost. I would rather price match and order in as I need.”
When it comes to their watch assortment, the greatest percentage of respondents, 40 percent, said they carry the same amount of watch brands now as they did a decade ago, with about the same product mix.
Citizen, followed by Seiko,
Other top-selling brands included Tissot, Breitling and TAG Heuer.
The Latest
“Horizon” invites individuals to explore the limitless possibilities that lie ahead, said the brand.
The jeweler credits its recent “Be Love” campaign and ongoing brand revamp for its 17 percent jump in sales.
Meet Ben Claus—grand prize winner of For the Love of Jewelers 2023 Fall Design Challenge.
The co-founder of Lewis Jewelers was also the longtime mayor of the city of Moore.
Elvis Presley gifted this circa 1967 gold and diamond watch to Dodie Marshall, his co-star in “Easy Come, Easy Go.”
With Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
May’s birthstone is beloved for its rich green hue and its versatility.
Jacqui Larsson joins Opsydia with nearly two decades of experience in the industry.
Last month in Dallas, David Walton pushed another jeweler, David Ettinger, who later died.
The “Tiffany Céleste” collection reimagines designer Jean Schlumberger’s interpretations of the universe.
The brand also created a 100-carat lab-grown diamond necklace in honor of its centennial.
Tim Schlick has been promoted from his previous position as COO.
It’s the second year for the event, slated to take place in October in Toronto.
Supplier Spotlight Sponsored by GIA
Sales will be paused while the relocation takes place over the next few months.
“SIS x MISA Denim and Diamonds” is a collaboration between the designer and celebrity stylist Misa Hylton.
The retailer is moving to a newly designed space in the same shopping center.
The necklace is featured in the brand’s “Rebel Heart” campaign starring Adam Levine and Behati Prinsloo.
The two organizations will host a joint event, “Converge,” in September 2025.
Big changes appear to be on the horizon for the diamond miner and its parent company, Anglo American.
Padis succeeds Lisa Bridge, marking the first time the organization has had two women board presidents in a row.
Jesse Cole, founder of Fans First Entertainment, shared the “five Es” of building a fan base during his AGS Conclave keynote.
The Royal Oak Perpetual Calendar "John Mayer" was celebrated at a star-studded party in LA last week.
The announcement came as the company reported a 23 percent drop in production in Q1.
The three-time Pro Bowler continues to partner with the retailer, donating to a Detroit nonprofit and giving watches to fans.