US Watch and Jewelry Sales Slow Down in March
An analysis by IDEX, published on IDEX Online, shows that jewelry and watch sales grew by just 8.5% year-on-year in March, compared with 28.4% in February. Growth in March was “the slowest we’ve seen since January 2020, during the very early days of the pandemic,” according to the report.
In addition, sales figures have been revised downwards slightly – from 24% to 21.6% in January, and from 30.1% to 28.4% in February.
According to IDEX Online, the reasons for the sudden faltering of watches and jewelry sales in the US after months of sustained growth may be down to a “sector is in turmoil, over war, sanctions, inflation – and uncertainty over all three.”
Read the full analysis here