2013, sales in jewelry stores in the US showed an annual increase of 4.2% and reached $ 2.258 billion. Sales growth slowed, as in August sales increased by 6.9% on a year-on-year basis, Rapaport reports.
As previously reported, the total sales of jewelry and watches in the US showed an increase of 5.3% in September this year. In addition, the consumer price index for jewelry in September rose by only 0.2% on a year-on-year basis, remaining generally stable.
Sales in jewelry stores in the first nine months of 2013 increased by 8.8% on a year-on-year basis, to $ 21.933 billion. The highest sales was recorded in May at $ 3 billion.
The National Retail Federation (National Retail Federation, NRF) believes that the October statistics gives rise to positive forecasts for the upcoming Christmas season.
"Consumer spending is growing as the holiday shopping season approaches," said NRF President Matthew Shay. "It seems that consumer confidence has been strengthened by lower fuel prices. As sales growth is observed in the retail sector, retailers will continue to implement active promotional campaigns to attract buyers and increase sales during the Christmas season. "