Jewelry, Luggage, and Leather Goods Retailers

Businesses and organizations in the Jewelry, Luggage, and Leather Goods Retailers industry (NAICS code 4483, part of the Retail Trade sector) received 22,712 PPP loans totaling $983.2M during the COVID-19 pandemic.

The average loan for this industry was $43,289 — below the national PPP average of approximately $67,000. This reflects the small business character of most participants in this industry, typically sole proprietors and micro-businesses with modest payroll obligations.

95.5% of loans in this industry were forgiven — totaling $958.6M. To qualify for forgiveness, borrowers had to demonstrate that they maintained headcount and compensation levels and used at least 60% of loan proceeds for payroll expenses.

Notable recipients in this industry include NA HOKU, INC. of HONOLULU, HI ($5,529,300); SHOP LC GLOBAL, INC. of AUSTIN, TX ($4,807,245); and MAYOR'S JEWELERS OF FLORIDA, INC. of FORT LAUDERDALE, FL ($2,923,500).

The loan amount distribution for this industry shows a more even spread across loan sizes, suggesting a mix of small and mid-sized businesses. Because borrower names are withheld for loans under $150,000, a substantial portion of recipients in this industry may not appear by name in this dataset.

As part of the broader Retail Trade sector — selling merchandise to the general public for personal or household consumption. — businesses in NAICS 4483 were particularly reliant on PPP assistance to bridge the gap between declining revenues and fixed overhead obligations during the shutdown period.