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Research and Markets: Updated US Jewelry Retail Report: 28,000 Specialty Stores with Combined Annual Revenue of about $30 Billion


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© Business Wire 2011
2011-02-03 15:35:10 -

Research and Markets ( www.researchandmarkets.com/research/8114fe/jewelry_retail : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww .. ) has announced the addition of the " Jewelry Retail : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww .. " report to their offering.

The US jewelry retail industry includes about 28,000 specialty stores with combined annual revenue of about $30 billion. Major companies include Zale, Tiffany, and Sterling Jewelers. The industry is fragmented: the top 50 jewelry chains generate less than half of revenue.

COMPETITIVE LANDSCAPE


Jewelry sales depend partly on consumer income. Small jewelers can effectively compete with large chains because price isn't the main factor determining sales. Profitability depends on merchandising and effective marketing.

Jewelry is sold not only by specialized jewelry retailers, but also by department stores and mass merchants. Because regular gross margins are very

high, often 50 percent, mass merchants have been able to cut prices and take market share. Wal-Mart is the largest jewelry retailer in the US.

PRODUCTS, OPERATIONS & TECHNOLOGY


Jewelry is often classified as bridal merchandise (engagement, bridal, and anniversary rings - about 35 percent of the market); fashion jewelry (rings, bracelets, earrings, pins, gold chains); and watches, silver flatware, and other giftware. Diamond jewelry and loose diamonds account for the largest share of total jewelry store sales (46 percent); gold jewelry for 11 percent; colored gemstone jewelry (rubies, sapphires, emeralds, etc.) 9 percent; and watches 4 percent.

Jewelry is expensive, intimidating, difficult for consumers to evaluate, and usually not branded. Purchases therefore require a good deal of service and expertise.



Key Topics Covered:

Industry Overview


Quarterly Industry Update


Business Challenges


Business Trends


Industry Opportunities


Call Preparation Questions


Financial Information


Industry Forecast


Web Links and Acronyms


For more information visit www.researchandmarkets.com/research/8114fe/jewelry_retail : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww ..

Source: First Research

" title="http://cts.businesswire.com/ct/CT?id=bwnews&sty=20110203005838r1&sid=16929&distro=ftp\"/>" target="_blank">cts.businesswire.com/ct/CT?id=bwnews&sty=20110203005838r1&am ..

Research and MarketsLaura Wood, Senior Manager, press@researchandmarkets.com : mailto:press@researchandmarkets.com U.S.

Fax: 646-607-1907Fax (outside U.S.): +353-1-481-1716


Author:
Hossam Abdel-Kader
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