The Conference Board’s Consumer Confidence Index rose to 100.3 from a downwardly revised 97.8 in June.
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Editor-in-Chief Michelle Graff returns from Rhode Island with thoughts about in-store shopping and a trends report.
The jewelry giant came in at No. 67 on the list, down from No. 56 last year.
The costs of food and groceries remained a top concern, followed by the labor market and U.S. politics.
Its recent report dives into the current dilemma facing luxury brands.
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Optimism about the current state of the economy was offset by anxiety around inflation and the political environment.
From bench jewelers to appraisers, Jewelers of America’s updated guide shares an overview of how much industry employees are being paid.
The Conference Board attributed the upbeat results to slowing inflation and the anticipation of lower interest rates.
The organization shared its predictions on how much consumers will be spending and on whom.
More optimistic views on the labor market as well as current and future business conditions gave the index a boost.
From Thanksgiving through Cyber Monday, 200.4 million consumers shopped online and in stores.
Though consumers have started holiday shopping earlier, the organization still predicts a busy Thanksgiving weekend for retailers.
Sales will increase compared with last year, though the rate of growth is expected to slow.
The Conference Board’s monthly index that measures how consumers are feeling declined for the third straight month in October.
Discounts and promotions could persuade consumers to shop earlier this year, the survey found.
The seasonal survey asked consumers how, when, and where they’ll shop for holiday gifts.
Shoppers also expressed concern about rising prices, higher interest rates, and political uncertainty.
According to SpendingPulse, retail sales will increase in November and December but not necessarily for jewelers.
A cooling labor market and high interest rates are taking a toll on consumer confidence in the U.S.
A new Shane Co. study analyzed the year’s most popular engagement ring settings, metals, and diamond shapes.
This is in spite of rising consumer confidence in July.
The jewelry giant jumped 10 spots on the list, while other retailers battled a labor shortage and a rise in organized retail crime.