Jewelry Business Strong This Holiday: MasterCard

Jewelry was among the top-performing sectors this holiday, according to MasterCard Advisors’ SpendingPulse.

In a statement, MasterCard Advisors vice president Sarah Quinlan theorized that jewelry did well because customers this year favored “experiences.”

“From dining out to planning trips to memorable pieces of jewelry, we saw increases in those categories that will drive future stories beyond just a package exchanged with a friend or family member,” she said.

The tracking service found that overall holiday retail sales increased a sturdy 5.5 percent, with positive economic news and the extra shopping day fueling the jump. 

Women’s apparel and casual dining were also cited as strong performers, while electronics sales lacked past year’s juice, it said.

JCKonline will publish its annual post-holiday survey of jewelry retailers tomorrow. 

JCK News Director