Business Forecast: Jewelers Remain Cautions About The Road Ahead

More independent jewelers seem to be slipping back to the caution and uncertainty that characterized the early 1990s, according to the 1996 edition of JCK's midyear business outlook poll. Two out of three retail jewelers expect higher sales and half expect higher profits. But that's down about 10% from the two previous years. Jewelers also are less certain about their customers. Thirty-eight percent say consumer confidence is fair or poor now, more than double the 15% who said so in 1994. The caution reflects the uncertainty and wait-and-see attitude that many financial analysts had about the economy in late spring. Let's face it. Christmas was tough; even those who did well had to work harder. And after Christmas, retailers had to contend with the effects of heavy consumer debt, continuing corporate downsizing and unusually bad winter weather. For example, Friedman's Inc., the thi
JCK PRO

This content is exclusive to JCK Pro subscribers. Subscribe now to access this and much more with discount code GOPRO21 for $199 for an entire year of access (reg. $249).

SUBSCRIBE TO CONTINUE

Already a JCK Pro? Log in

A JCK Pro subscription is your all-access pass to people and resources on the
cutting edge of the retail jewelry industry, from the industry authority you
know and trust

Learn about the Perks of JCK Pro

Log Out

Are you sure you want to log out?

CancelLog out