JA welcomes move to make depreciation provision permanent

The jewelers of America has welcomed the move from the  US Congress to make a permanent extension to the depreciation of store-improvement expenses over a shorter period of time, a change retailers have fought for more than a decade to stay competitive. Now, it is expected that President Obama will sign the same before Christmas holidays. 

In a statement Jewelers of America’s president and chief executive officer David J. Bonaparte has welcomed the permanent extension of this important depreciation measure, as it helps jewellers- whether they rent or own their retail space- to update their stores more often to stay competitive.