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US Jewelry Store Revenue Rises

Jun 11, 2018 6:04 AM   By Rapaport News
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RAPAPORT... Sales at specialist jewelry stores in the US increased 14% year on year to $2.49 billion in March, according to data from the nation’s Census Bureau.

The rise in revenue — which is not adjusted for seasonal fluctuation — comes despite a 2% drop in consumer confidence for the month, according to the Conference Board, an economic data provider. That measure had hit an 18-year high in February.

“Despite the modest retreat in confidence, index levels remain historically high and suggest further strong growth in the months ahead,” said Lynn Franco, director of economic indicators at the Conference Board.

For the three months ending March 31, jewelry-store sales increased 12% year on year to $7.29 billion.
Tags: Census Bureau, conference board, Lynn Franco, Rapaport News, US jewelry stores
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