I woke up this morning after a month of fashion collections to an email from NPD, the market research company, about the dim sale prospects for the holiday season. Turns out Americans at least plan to spend a little less at christmas:
Welcome back to reality!
Still, this pretty much supports what I heard from two jewellers last week. Both Taher Chemirik and Marie-Helene de Taillac, who are equally talented and original (and highly copied) in very different ways, had told me that their US business had effectively dried up over the last year or two, and in Taillac’s case, she said it was growth in Asia and Europe keeping her afloat. Apparently, US stores only want to accept jewellery on consignment (ie, they pay only if, and after, they sell), which makes it pretty hard for an independent jeweller to earn a living. Read more