Senior Editor Brecken Branstrator shares insights from the show, including what people have been buying and where it could go from here.
On Data: A Merry December for Independents So Far
The Edge Retail Academy’s Sherry Smith returns with a mini-update on how the holiday season is going.
Today, I’m back with a mini month-to-date update for December, since it is one of the most important months of the year for retail jewelers.
With only seven days left until Christmas, independents are showing a 3.2 percent uptick in gross sales for Dec. 1 to 14 when compared with the same period in 2018.
The number of units sold continues to trend down at -8.2 percent, but the average retail sale is up 8.4 percent year-over-year, currently at $348.
The diamond fashion jewelry category continues to stand out with a 5.6 percent increase in gross sales and a 4.4 percent increase in units.
However, the average retail sale for diamond fashion jewelry has slipped 2.3 percent. It is currently at $1,465, down from $1,500.
Also, I need to mention the colored stone and pearl category, which is up 1.5 percent in gross sales year-over-year, down 7.7 percent in units but only down by $3 in average retail sale.
If the month-to-date growth continues, independents will finish up in calendar year 2019, topping the majors’ performances.
Look for my next mini month-to-date briefing on Monday, Dec. 23.
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