US Watch and Jewelry Sales Keep Rising in April
June 09, 24
Watch and jewelry sales in the US slipped slightly during April, according to estimates by the US Department of Commerce.
They were 4.7 per cent up, year-on-year, in the sixth consecutive month of growth after sales fell every month from February to October last year.
Sales for March have been revised down from a 6.8 per cent year-on-year increase to 5.7 per cent by the department's Bureau of Economic Analysis (BEA), based on actual rather than estimated transactions. Sales for January and February have likewise been lowered.
The BEA figures shown below represent sales by Amazon, Costco, Walmart and other multi-line retailers, accounting for around two thirds of all watch and jewelry sales in the US. But they exclude the specialty jewelers - merchants who sell only fine jewelry - representing the remaining third.
IDEX Online subscribers please click here to read the full report.