Craig and Lee discuss Craig’s recent talk at the Canadian Jewellers Association Summit in Vancouver. They delve into emerging trends in the Canadian jewellery industry, including the growing presence of luxury brands and the shift towards direct-to-consumer retail.
They also consider the impact of a potential recession on consumer sentiment, particularly among the wealthy. The discussion emphasizes the significance of creating a captivating in-store environment for jewellery retailers, as high-end jewellery purchases often involve a curated and immersive experience. Furthermore, they touch upon the changing dynamics of Chinese tour groups and how their absence, due to geopolitical reasons, affects the retail landscape in Canada.
Despite the challenges, they highlight the positive impact of other visitors who come to Canada for various reasons, boosting the retail industry, especially in cities like Vancouver and Toronto. Overall, the conversation provides insights into the evolving Canadian jewellery retail landscape and the factors shaping its future.
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Background Music Credit: Hard Boiled Kevin MacLeod (incompetech.com). Licensed under Creative Commons: By Attribution 3.0 License. http://creativecommons.org/licenses/by/3.0/