{"id":24137,"date":"2023-12-28T17:05:38","date_gmt":"2023-12-28T11:35:38","guid":{"rendered":"https:\/\/gjepc.org\/solitaire\/?p=24137"},"modified":"2023-12-28T17:05:38","modified_gmt":"2023-12-28T11:35:38","slug":"u-s-jewellery-sales-dip-2-during-holiday-season","status":"publish","type":"post","link":"https:\/\/gjepc.org\/solitaire\/u-s-jewellery-sales-dip-2-during-holiday-season\/","title":{"rendered":"U.S. Jewellery Sales Dip 2% During Holiday Season"},"content":{"rendered":"<p>Despite the overall positive retail atmosphere this holiday season, the jewellery sector experienced a 2% decline in sales, according to recent data from Mastercard SpendingPulse. While U.S. retail sales, excluding automotive, saw a 3.1% increase from 1<sup>st<\/sup> November through 24<sup>th<\/sup> December compared to the previous year, jewellery did not follow suit.<\/p>\n<p>The consumer spending pattern was influenced by a favourable economic backdrop marked by healthy job creation and easing inflation pressures. However, this did not translate into increased sales for jewellery retailers.<\/p>\n<p>Online retail sales surged by 6.3%, outpacing in-store sales which grew at a more modest rate of 2.2%. Despite the dip in jewellery sales, other sectors like apparel enjoyed a boost of 2.4%, and restaurants saw an impressive growth of 7.8%.<\/p>\n<p>\u201cThis holiday season, the consumer showed up, spending in a deliberate manner,\u201d said Michelle Meyer, Chief Economist, Mastercard Economics Institute. \u201cThe economic backdrop remains favourable with healthy job creation and easing inflation pressures, empowering consumers to seek the goods and experiences they value most.\u201d<\/p>\n<p>\u201cRetailers started promotions early this season, giving consumers time to hunt for the best deals and promotions,\u201d said Steve Sadove, Senior Advisor for Mastercard and Former CEO and Chairman of Saks Incorporated. \u201cUltimately it was about getting the most bang for your buck as consumers spent on a variety of goods and services, resurfacing spending trends from before the pandemic.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite the overall positive retail atmosphere this holiday season, the jewellery sector experienced a 2% decline in sales, according to recent data from Mastercard SpendingPulse. While U.S. retail sales, excluding automotive, saw a 3.1% increase from 1st November through 24th December compared to the previous year, jewellery did not follow suit. The consumer spending pattern&hellip;<\/p>\n","protected":false},"author":1,"featured_media":24138,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-24137","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>U.S. Jewellery Sales Dip 2% During Holiday Season - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine<\/title>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gjepc.org\/solitaire\/u-s-jewellery-sales-dip-2-during-holiday-season\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"U.S. Jewellery Sales Dip 2% During Holiday Season - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"og:description\" content=\"Despite the overall positive retail atmosphere this holiday season, the jewellery sector experienced a 2% decline in sales, according to recent data from Mastercard SpendingPulse. While U.S. retail sales, excluding automotive, saw a 3.1% increase from 1st November through 24th December compared to the previous year, jewellery did not follow suit. The consumer spending pattern&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gjepc.org\/solitaire\/u-s-jewellery-sales-dip-2-during-holiday-season\/\" \/>\n<meta property=\"og:site_name\" content=\"Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-28T11:35:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2023\/12\/Cartier.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/#website\",\"url\":\"https:\/\/gjepc.org\/solitaire\/\",\"name\":\"Solitaire magazine is a International jewellery magazine - India\\u2019s leading B2B gem and jewellery magazine\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/gjepc.org\/solitaire\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/u-s-jewellery-sales-dip-2-during-holiday-season\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2023\/12\/Cartier.jpg\",\"width\":1000,\"height\":600,\"caption\":\"solitaire magazine\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/u-s-jewellery-sales-dip-2-during-holiday-season\/#webpage\",\"url\":\"https:\/\/gjepc.org\/solitaire\/u-s-jewellery-sales-dip-2-during-holiday-season\/\",\"name\":\"U.S. Jewellery Sales Dip 2% During Holiday Season - Solitaire magazine is a International jewellery magazine - India\\u2019s leading B2B gem and jewellery magazine\",\"isPartOf\":{\"@id\":\"https:\/\/gjepc.org\/solitaire\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/gjepc.org\/solitaire\/u-s-jewellery-sales-dip-2-during-holiday-season\/#primaryimage\"},\"datePublished\":\"2023-12-28T11:35:38+00:00\",\"dateModified\":\"2023-12-28T11:35:38+00:00\",\"author\":{\"@id\":\"https:\/\/gjepc.org\/solitaire\/#\/schema\/person\/b614a6d604f6c36c387b4c876bb33d79\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/gjepc.org\/solitaire\/u-s-jewellery-sales-dip-2-during-holiday-season\/\"]}]},{\"@type\":[\"Person\"],\"@id\":\"https:\/\/gjepc.org\/solitaire\/#\/schema\/person\/b614a6d604f6c36c387b4c876bb33d79\",\"name\":\"GJEPC\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f6c5b479a8ec14da0f88385e2b6cd51ccb37ac80c31409ecaebe5524700952a2?s=96&d=mm&r=g\",\"caption\":\"GJEPC\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","_links":{"self":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts\/24137","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/comments?post=24137"}],"version-history":[{"count":1,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts\/24137\/revisions"}],"predecessor-version":[{"id":24139,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts\/24137\/revisions\/24139"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/media\/24138"}],"wp:attachment":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/media?parent=24137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/categories?post=24137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/tags?post=24137"},{"taxonomy":"thb-sponsors","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/thb-sponsors?post=24137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}