Retail News

Increase in Wholesale Jewelry Sales Threatening Brick and Mortar Stores

The jewelry industry in the United States is currently worth 39 Billion dollars, projected to grow at a rate of 7 billion dollars each year. That impressive number makes sense, especially when considering the current average of marriages per year in the U.S. sits around 2 million.

Generally, jewelry is sold by traditional brick and mortar stores, meaning they are marked up and resold by large retailers for a profit. This has been the status quo for decades, but a new trend has been disrupting the industry: wholesale jewelry. With the spike in wholesalers selling to the general public, brick and mortar stores are beginning to feel the heat. Here’s what you need to know about wholesale jewelry.

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