Gold diamonds

US Jewelry Sales More than Doubled in March

aurum
Written by aurum

US Jewelry Sales More than Doubled in March

US Jewelry Sales are back on track since COVID-19 hit retail markets a year ago. According to Mastercard SpendingPulse, jewelry sales in the US increased 106% year on year in March. These figures are a result of government stimulus payments and a broader reopening across the country but also benefit from a strong base comparison with March 2020, when people first started social distancing which resulted in a dip in spending. However, in comparison with March 2019, jewelry sales rose by 30% which reflects a release of pent-up demand.

We see the same trend, but smaller, continuing in all retail categories with a 26% climb year on year and a 14% increase since March 2019. E-commerce revenue increased 57% compared to March 2020 and 86% compared to March 2019, a logical result from the pandemic and worldwide lockdowns.

Source

About the author

aurum

aurum

Leave a Comment