Direct Selling Jewelry Sales Expected To Rise In Next 5 Years

Admin   |   14 February, 2015   |   897   |   3980

The direct selling jewelry sales industry is sparkling thanks the entrance of new players and innovative applications that facilitate sales.

The industry, which relies on an army of salespeople making person-to-person or group sales away from a fixed retail location, has benefited from the economic recovery and the corresponding uptick in consumer spending. As consumers increasingly make price-premium and higher-volume purchases, profit is expected to improve over the five years to 2015.

Despite increased competition from online retailers (e-tailers), industry revenue is expected to increase over the five years to 2015.

According to IBISWorld Industry Analyst Britanny Carter, “Purchases of jewelry, watches and associated accessories are highly discretionary, meaning broad economic conditions, such as per capita income, the unemployment rate and consumer confidence, have a large effect on the ability and willingness of consumers to purchase products the industry sells.”