Growth in US Watch and Jewelry Sales Slows in May
July 03, 24
(IDEX Online) - The growth in watch and jewelry sales in the US slowed again in May, for the third consecutive month, according to the latest year-on-year estimates by the US Department of Commerce.
Sales are still increasing - generally among multi-line retailers rather than specialty jewelers - but the rate of increase is less.
Sales were marginally higher this May than in May 2023 - up by 1.4 per cent - with tough trading conditions showing few signs of improvement.
In April sales were 2.7 per cent higher, year-on-year, in March they were up 4.5 per cent and in February they rose by 5.0 per cent.
These revised figures cover sales by Amazon, Costco, Walmart and other multi-line retailers, accounting for around two thirds of all watch and jewelry sales in the US, as well as specialty jewelers.
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