A total of 55 jewelry businesses closed in the third quarter, Jewelers Board of Trade data shows, bringing the total for the year to 399. That’s less than last year, but the drop doesn’t tell the whole story of 2020, JBT President Erich Jacobs said.
Jewelers Board of Trade President Erich Jacobs talked with National Jeweler about continuing trends in the jewelry industry, a K-shaped recovery and his expectations for Q4.
Slane, the jewelry company started by sisters Landon and Heath Slane 18 years ago, is discontinuing its wholesale operations while the brand “considers a new direction for the future.”
Total retail sales in November and December increased by 4 percent to reach their highest levels since 2011, according to the National Retail Federation.
Holographic showcases can help jewelers tell the story behind their pieces, appealing to the desire of today’s consumers to find out information on their own.
The Women’s Jewelry Association will honor J.C. Penney’s Pam Mortensen, Underwood Jewelers’ C. Clayton Bromberg and Gumuchian at its 2015 Awards for Excellence gala.
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