IBISWorld Industry Analysis & Industry Trends

 

The Retail Jewelry Stores industry lost some of its luster during the five years to 2013. Industry revenue declined as consumer confidence plummeted and disposable income diminished. Consequently, consumers tightened their purse strings, decreasing demand for nonessential luxury items such as jewelry.

 

Nevertheless, in the five years to 2018, the recovery of the industry will mimic that of the growing economy. As consumers increase discretionary spending, jewelry stores will raise their prices and retain higher profit, while limited competition from alternative retailers will contribute to solid revenue growth for the industry, those that embrace new mobile marketing technology will excel.

 

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