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Friday, December 19, 2008

Jewelry Retail Stores + Plunging Economy

What’s in the Cards for Credit?
The old no-money-down, take-two-years-to-pay model of jewelry consumption financing is likely a thing of the past. What will debt-dependent jewelers do to coax spending in a credit-starved economy?
http://www.colored-stone.com/stories/jan09/future-of-credit.cfm

Thanks Jordan for the insightful report. I completely agree with you. Jewelry business worldwide is in dire crisis because of credit culture/negativity. Some are doing okay, but many will have to start all over again, differently.

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