State of the Jewelry Industry 2009

We hear much from various pundits and authorities about the state of our industry in these economically difficult times. But how do the people on the front lines of business—you and your colleagues—see things? This year, JCK's annual "State of the Industry" report is all about your view from the retail trenches and what you and your peers are doing to weather the storm. It's no surprise that many independent jewelers say their local economies are just fair, that they want better terms from suppliers, more personal involvement by bankers, or are adjusting inventory to add lower-price traffic-pulling product. What is surprising is that one in four say business locally is good or better. They're cautiously optimistic that local business will improve within a year or less, and are keeping their employees and adjusting product mixes in anticipation of that upturn. Those are some of
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