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US Watch and Jewelry Sales Continue to Slow in May

The growth in US watch and jewelry sales continued to slow in May, marking the third consecutive month of deceleration, according to the latest year-on-year estimates by the US Department of Commerce quoted by IDEX Online.

 

Sales are still increasing, primarily among multi-line retailers rather than specialty jewelers, but the rate of growth is diminishing. May sales were up by 1.4% compared to the same month in 2023, reflecting ongoing tough trading conditions with little sign of improvement. This follows a 2.7% increase in April, a 4.5% rise in March, and a 5.0% increase in February.

 

According to the Department of Commerce, jewelry sales in the US rose by 1.5% in May (compared to 2.7% in April). Watch sales increased by 0.9% in May (compared to 2.6% in April), averaging a 1.4% increase.

 

Read the full article here.

 

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