SEE what NRF predicted this Valentine

  • 681

8% fall is expected in the jewelry sale on this Valentine week. On V-Day special season jewelry sales experiences Y-O-Y slope, resulting a business of $4.45 billion as per NRF’s (National Retail Federation)survey.

Spending on jewelry, this Valentine season is likely to fall by 8% as per the survey by National Retail Federation. NRF in its survey proclaims that U.S consumers, who on every occasion prefer to gift jewelry to their beloved, unlikely 2015 now showing less interest in jewelry this Valentine’s Day. Thus, the total market dwindled to $4.45 billion sales according to Prosper Insight’s survey. Further, the Analytics found that where 21.1% respondents wished to buy jewelry on Valentine day for their beloved in the year 2015 now contracted to just 19.9 percent. A sudden decline in the sale of jewelry, puts an adverse effect on the jewelry industry of the U.S. In the year 2015, the market has earned $172.38 in the Valentine season, but in 2016 the earning has shrunk to $166.08 means the market faces a fall of 3.7% in the jewelry sale. Matthew Shay, CEO and President of the National Retail Federation in his statement that has stated on the February 3 portrays that as Valentine is falling on Sunday (a holiday) so it could proffer a positive boost in the spending especially in spending the discretionary needs. He likewise added that Low gas prices in addition to the guaranteed promotions from large and small retailers lure the consumers as well as motivate them to select the perfect gift for their love mates.

More :

National Retail FederationNRFU.S. retailJewelry retail salesMatthew Shay

You May Also Like

Dominion Diamond releases out the Third Quarter Results for fiscal 2016 Dominion Diamond releases out the Third Quarter Results for fiscal 2016
For the improvement of stores Jewelers of America, introduces jurisprudence For the improvement of stores Jewelers of America, introduces jurisprudence
Weston Beamor divulges the finalists of the design challenge Weston Beamor divulges the finalists of the design challenge
See what plans highlights Vamp London in the year 2016 See what plans highlights Vamp London in the year 2016
Skills Show 2015 in Birmingham gets winners of Fine Jewelry making. Skills Show 2015 in Birmingham gets winners of Fine Jewelry making.
Gold monetization plan didn’t pick up momentum Gold monetization plan didn’t pick up momentum
‘Made in NY’ goes to Carelle ‘Made in NY’ goes to Carelle
Greg Valerio wins MBE for his work Greg Valerio wins MBE for his work

Conversations

Top
Facebook Twitter Pinterest Instagram Linkedin
New Stock Added - Enjoy 17% off on orders above $500USE CODE: christmas17Hide