Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - What's with all the jewellery stores everywhere?

psicodude · 01-09-2018, 09:19 AM

I come from a family full of jewellers, although I'm not in the industry myself.

Average margin on Jewellery at a retail location like a mall is 300%. Most jewellery stores take in 70% of their revenue in November and December and another 10% on Valentines. Like a lot of retail stores, the industry is under siege from online stores that can live off razor-thin margins. The result is a lot of stores being forced to the super high-end market or to custom made stuff only. It's not going well, however, as we have seen several big chain stores going under lately.

01-09-2018, 09:19 AM	#33
psicodude First Line Centre Join Date: Nov 2006 Location: Calgary Exp:	I come from a family full of jewellers, although I'm not in the industry myself. Average margin on Jewellery at a retail location like a mall is 300%. Most jewellery stores take in 70% of their revenue in November and December and another 10% on Valentines. Like a lot of retail stores, the industry is under siege from online stores that can live off razor-thin margins. The result is a lot of stores being forced to the super high-end market or to custom made stuff only. It's not going well, however, as we have seen several big chain stores going under lately.