Jewelry Retailer- Slower discretionary spending impacts value
Jewelry Retailer: Slower discretionary spending impacts value
One brand drops from ranking, leader declines
The impact of more fragile consumer confidence and the China-US trade tensions, which slowed discretionary spending, contributed to a 48 percent decline in value for Jewelry retailer category, one brand dropped out of the BrandZ™ China Top 100 and the remaining brand, Lao Feng Xiang, declined 15 percent.
Lao Feng Xiang, a venerable Shanghai brand established in 1848, has expanded abroad during the past several years, and operates flagship stores in Australia and North America, including one on New York’s Fifth Avenue.