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.
Disclaimer: This information has been collected through secondary research and TJM Media Pvt Ltd. is not responsible for any errors in the same.
