The total volume of sales of jewelry and watches in the US premium category increased by a significant 5.4% in April 2016 compared with April 2015, according to preliminary data of the US Department of Commerce, which leads IDEX portal. This increase was slightly above the data to increase sales, which were published earlier this year.
Jewelry sales, according to a ministry report, increased in April by 5.3%, and sales hours - on an even more significant 6.4%.
Preliminary data on the growth of sales of specialized jewelry retailers in April showed that the sellers continue to lose market share, mostly in favor of the network of shops selling jewelry only as one of the product categories. Specialty jewelers that generate most of their revenue from the sale of jewelry, sales showed an increase of 3.6%. This is lower than the growth in February and March in their retail category, and also lower than in the whole jewelry segment.
Other retailers that sell jewelry - mostly retail chains such as Wal-Mart, JC Penney and others showed in April, a strong 6.6 percent increase in sales.
The total volume of sales of jewelry and watches in the US market in April is estimated at $ 5.9 billion, according to the latest preliminary data of the Ministry of Commerce. In April, sales were slightly higher than the usual level of monthly jewelry sales in the US, which is about $ 5 billion.
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