The 2022 Retail Economic Outlook

The 2022 Retail Economic Outlook

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Industry / Retail / Your Store

The economy is at an inflection point. Here’s how jewelers are preparing. The shift in the economic winds is nearly palpable: Policymakers, Wall Street, and ordinary Americans are all watching the gathering storm clouds as concerns about escalating inflation and a slowdown in economic activity mount. For jewelry designers and retailers, the tailwind of strong consumer spending they saw during the pandemic, when service industries such as travel and live entertainment were cut out altogether, appears to be dying down. At the same time, price increases continue at a pace not seen since the 1980s. Jen Cullen Williams, a Southern California–based communications consultant specializing in lifestyle and jewelry brands, says her primarily business-to-business jewelry clients are taking a
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