Romance of Valentine’s pushes spend up at jewellers, says Hitachi.
Average sales values at jewellery stores in the UK have increased 9% year on year in February.
New data from Hitachi Capital Consumer Finance suggest that the average transaction value at UK jewellers this month is £1,628 as Valentine’s Day proposals increase ring sales.
The company, which tracks sales data, said that this 9% rise in February is a particularly sparkling result as it estimates that average transaction values at UK jewellers were down 11% year on year in 2012, dropping from £1,575.12 in 2011 to £1,402.34.
Hitachi Capital Consumer Finance provides finance solutions for more than 90% of the jewellery point of sale market, for retailers including Signet Group and Goldsmiths.
Have your sales gone up or down this Valentine’s Day? Professional Jeweller would love to hear your views at firstname.lastname@example.org