EditorsNov 22, 2024
Out & About: Inside the CD Peacock MansionStep inside the nearly 21,000-square-foot suburban Chicago jewelry store with Editor-in-Chief Michelle Graff.
SurveysSep 13, 2019
What To Expect This Holiday Season, By the Numbers
National Jeweler gleans holiday insight from Coresight Research and a holiday guide published by Google.
U.S. retail sales are expected to see a 4 percent year-over-year increase, according to a survey by Coresight Research.
New York—The official start of fall is just a week away, which means the holiday season is nearly upon us again.
Coresight Research’s recently released “Holiday 2019: U.S. Retail Outlook Preview” gave a first look at what retailers can expect this year.
The research group estimated U.S. retail sales will see about a 4 percent year-over-year increase during November and December.
Lower gas prices may buoy holiday spending by as much as 50 basis points.
Consumer confidence is expected to remain high, though the study noted it has experienced ups and downs as a result of the U.S.-China trade conflict.
Coresight’s “Holiday 2019: US Shopper Survey,” meanwhile, dived into the shopping experience.
The survey found that six in 10 holiday shoppers were concerned about tariff-related price increases, with a majority saying if prices were to go up, they would buy fewer things, shop at cheaper retailers or buy less expensive products.
More than two-thirds of shoppers will shop both online and in stores this holiday season.
In-store shopping was the top choice for browsing, comparing and brainstorming gift ideas. Shoppers prefer in-store shopping for ease of browsing, the ability to look at a product in person and the overall enjoyment of the experience, according to the survey.
Customers surveyed said they shop online as a way to avoid crowds and save time as well as effort.
Walmart and Amazon are expected to be the most-shopped retailers this season, with Amazon receiving a big boost from its Prime members.
Walmart and Target “stand to lose the most shoppers to Amazon,” the survey said.
In addition to the Coresight surveys, Google published its own holiday guide for retailers, the “Holiday Retail Playbook 2019,” in June.
The guide noted it’s never too early to start planning, with searches for “gifts for” and “gifts from” accelerating in the final week of October.
October to December is the peak time to drive online and offline sales, according to the guide.
Whether a customer is shopping online or in a store, Google found 67 percent of holiday shopping is planned before purchasing.
However, 67 percent of shoppers said there’s still shopping to be done the last week before Christmas, with 86 percent still shopping in the final days before Dec. 25.
“Shopping demand maintains through the holidays and into the new year, so make sure you’re setting flexible and sustainable budgets across your campaigns by examining historical data and layering your account’s current year-on-year trends,” the Google guide advised.
Google
recommended making sure holiday store hours are posted online as shoppers scramble for last-minute gifts, flocking to local stores after e-commerce shipping deadlines pass.
Searches on Google for “store hours” peak on Christmas Eve, the highest day of the year, with 48 percent of shoppers open to buying from new retailers during the holiday season.
Searches on Google for “store hours” peak on Christmas Eve, the highest day of the year, with 48 percent of shoppers open to buying from new retailers during the holiday season.
More on Surveys
The Latest
CollectionsNov 22, 2024
Piece of the Week: Xander Jane’s ‘Spiked’ Pearl StudsThese punk-inspired earrings from the new Canadian brand’s debut collection reveal the alter ego of the classic pearl.
SourcingNov 22, 2024
Facets of Fire Expands to Include Pear, Marquise DiamondsThe company brings its nanotechnology to two new fancy cuts for diamonds that feature its signature color and brilliance.
Brought to you by
Navigating Cybersecurity: Essential Guidance for JewelersFrom protecting customer data to safeguarding inventory records, it's crucial to learn how to tackle cybersecurity challenges.
Supplier BulletinNov 21, 2024
Tasha R Releases 2025 Labbelle Lab Diamond Jewelry CatalogSponsored by Tasha R
Weekly QuizNov 21, 2024
This Week’s QuizTest your jewelry news knowledge by answering these questions.
AuctionsNov 21, 2024
Gold Watch Gifted to Titanic Rescue Ship Captain Sells for $2MThree Titanic survivors presented him with the personalized Tiffany & Co. timepiece about a year after the tragedy.
MajorsNov 21, 2024
Harris Jewelry Ordered to Reopen Claims Portal for Refund RequestsA federal court found that the jewelry store chain violated terms of the settlement reached after it was accused of defrauding customers.
Brought to you by
Enhance Your Expertise with IGI’s In-Person Courses in NYCThis fall, sharpen your skills in jewelry grading, quality control and diamond assessment.
CollectionsNov 21, 2024
Channel Elphaba in Muse’s ‘Have a Heart x Cynthia Erivo’ CollectionCynthia Erivo chose Dreams of Hope, an organization dedicated to empowering LGBTQA+ youth, as the charity for this year’s collection.
MajorsNov 21, 2024
Rocksbox Opens Pop-Up Store in San FranciscoThe new space was designed to evoke a warm, inviting vibe.
IndependentsNov 21, 2024
Mary Moses Kinney Is Now Part of The Edge’s Team Kinney, who spent nearly 30 years at IJO, has been hired to head Abbott Jewelry Systems’ new virtual marketplace.
CrimeNov 20, 2024
Sotheby’s to Pay $6.25M Settlement to NY State for Alleged Tax FraudThe auction house was accused of helping clients avoid paying taxes on millions of dollars’ worth of art purchased from 2010 to 2020.
Events & AwardsNov 20, 2024
Kering Debuts New Jewelry Award With Sustainability FocusThe four finalists will present their pieces at the 2025 JCK Las Vegas show.
CollectionsNov 20, 2024
Pamela Love Channels Surrealist Artists in New CollectionThe “Camera Oscura” collection showcases earring designs celebrating female Surrealist artists Claude Cahun and Leonor Fini.
Policies & IssuesNov 20, 2024
Columbia Gem House Raises $10K for Reforestation EffortsThe money will fund the planting of 10,000 trees in critical areas across Oregon, Arizona, Montana, and other regions.
Events & AwardsNov 20, 2024
The Jewelry Symposium Opens Registration, Scholarship ApplicationsThe event centered on advancing jewelry manufacturing technology will return to Detroit in May 2025.
CrimeNov 19, 2024
Woman Killed in Armed Robbery of Sacramento Jewelry StoreLocal reports identified the woman as the wife of the jewelry store owner.
AuctionsNov 19, 2024
‘A Tsar’s Treasure’ Fetches $2.9M at Sotheby’s Jewelry SaleA collection of pieces owned by Ferdinand I, the first king of modern Bulgaria, and his family, blew away estimates in Geneva last week.
MajorsNov 19, 2024
Trove Opens First US Flagship in NYCThe Australian jewelry box brand’s new West Village store will showcase new jewelers each month through its Designer in Residence program.
CollectionsNov 19, 2024
Snoop Dogg’s New Jewelry Collection Is All About Love“Lovechild” was created in partnership with Carolyn Rafaelian’s Metal Alchemist brand.
EditorsNov 18, 2024
Q&A: Helzberg CEO Brad Hampton on the Jeweler’s RebrandHampton discussed how Helzberg is improving the customer experience and why it was inspired by the company formerly known as Dunkin’ Donuts.
Policies & IssuesNov 18, 2024
Reciprocity Jewels Returns to NYC Jewelry WeekThe group will host several curated events and an exhibition of designer jewelry made with Peruvian gold traceable to the miners’ names.
CollectionsNov 18, 2024
Dolly Parton Shines in Collaboration with Kendra ScottThe collection honors the 50th anniversary of Dolly Parton’s “Love is Like a Butterfly” song, which shares a birth year with Kendra Scott.
Events & AwardsNov 18, 2024
IGI Jewelry Design Competition ReturnsThis year’s theme asks designers to take inspiration from classic fairy tales.
EditorsNov 15, 2024
Why Fine Jewelry Belongs at New York Comic ConSenior Editor Lenore Fedow makes the case for why more jewelers should be appealing to nerds at the annual event.
CollectionsNov 15, 2024
Marie Lichtenberg Battles Counterfeits with New ‘Raiz’in Scapular’ DesignsThe latest “Raiz’in” drop showcases a newly designed “Scapular” necklace and donates a portion of the proceeds to Make-A-Wish France.
WatchesNov 15, 2024
Piece of the Week: Citizen’s Commemorative Pocket WatchNo. 1 out of 100, the timepiece was created to mark Citizen’s 100th anniversary and will be auctioned off at Sotheby’s next month.
