Nearly 900 Jewelry Businesses Closed in 2017
There was good and bad news for the jewelry industry in 2017.
The bad news: Last year, a lot of jewelry companies shut their doors. The good news: Far fewer closed than the year before.
According to the Jewelers Board of Trade (JBT), 886 North American jewelry businesses ceased operations in 2017—which breaks down to 706 retailers, 109 wholesalers, and 71 manufacturers.
More: Nearly 900 Jewelry Businesses Closed in 2017, JBT Says - JCK
Ouch. Oh but look at record high stocks!! Yes, sarcastic. I’m not trying to gripe about me or my career or industry. My point is the vast gap between the idea of the economic circumstances and the reality. Because the jewelry industry is a good indicator of small biz mfg and retail right in all our neighborhoods.