Winners and Losers in $100m Jewelry Superseller Stakes

Winners and Losers in $100m Jewelry Superseller Stakes
Pic shows a Zales store, part of the Signet empire

Signet remains by far the biggest-grossing jeweler in North America, according to National Jeweler magazine’s annual State of the Majors report on $100m supersellers published yesterday.

Total sales of watches and jewelry at its 2,854 outlets and online were $7.29bn during 2022 – more than double the revenue of second-placed Walmart ($3.38bn).

Richemont, the Swiss luxury conglomerate jumps from sixth place last year to third, with sales up over 20 per cent to $3.37bn.

Amazon, Costco and Macy’s – listed in third, fourth and fifth place last year – all slip down the rankings to fourth, sixth and seventh place respectively, despite increased revenues.

Pandora slips from seventh to ninth place. LVMH, Nonatum and Bucherer all move up.

A total of 36 retailers – down two on last year – were assessed as having sales of $100m or more in North America by researchers for the magazine, based on the most recent available figures.

Disclaimer: This information has been collected through secondary research and TJM Media Pvt Ltd. is not responsible for any errors in the same.