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U.S. Jewelry Store Sales +10%
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Jewelry store sales in the U.S. rose 9.9 percent year on year to $2.31 billion in March. In addition, the consumer price index (CPI) for jewelry fell 2.9 percent in March. Jewelry store sales remained strong...
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Retail
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May 13, 2013
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Jeff Miller
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Hublot to Open in Dallas
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Luxury Swiss watchmaker Hublot is opening a boutique at the North Park Mall in Dallas, Texas, marking its ninth U.S. location. The store is operated in partnership with Ares Distributors and is the second of five to eight locations...
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Watches
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Mar 29, 2013
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Jeff Miller
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De Beers Opens Stores in Kuala Lumpur and Baku
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De Beers Diamond Jewellers opened new stores in Kuala Lumpur, Malaysia and Baku, Azerbaijan. The stores feature De Beers unique store design concept using glass and light, raised counter spaces and special viewing...
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Retail
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Mar 19, 2013
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Jeff Miller
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Research
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Feb 13, 2013
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Rapaport News
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Thangamayil Jewellery to Open Two New Stores
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Thangamayil Jewellery Ltd. plans to open two new stores this week in the southern Indian state of Tamil Nadu, which will take the number of showrooms to 25.The Madurai-based jeweler stated that it is opening one store...
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Retail
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Dec 10, 2012
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Dilipp S Nag
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Jewelry Retailers Defy Downturn With New Stores
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Indian jewelry retailers are likely to maintain momentum, aided by increased gold prices and new revenue from recently opened stores, the CRISIL Ratings agency concluded. Jewelry retailers are expected to continue expanding their...
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Retail
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Sep 27, 2012
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Dilipp S Nag
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Saks to Close Two Stores
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Saks Incorporated will close its Saks Fifth Avenue stores located at Renaissance Place in Highland Park, Illinois and the Aboretum Market in Austin, Texas on December 31, 2012. Saks stated that 60 associates are employed...
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Retail
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Sep 05, 2012
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Jeff Miller
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De Beers Diamond Jewellers Opens in Shanghai
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De Beers Diamond Jewellers opened at IFC, located in the heart of Shanghai's financial area Lujiazui in the Pudong district. This marks De Beers fourth store in China. The new 75-square-meter space is located in the new fine jewelry...
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Retail
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Aug 30, 2012
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Jeff Miller
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JA Members Now Appear on Gemfling
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Jewelers of America (JA) confirmed that its member companies are now featured on Gemfling.com, a new consumer jewelry search engine, as the result of a partnership with Verichannel. Together with JA’s “Find a Jeweler” online directory at Jewelers.org...
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Marketing
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Jun 21, 2012
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Jeff Miller
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U.S. Jewelry Store Sales -9%
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Jewelry store sales fell 9.3 percent year on year in April to $1.996 billion, according to U.S. government calculations released today. Preliminary department store sales data for May reflects flat growth at $14.576 billion. Both...
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Retail
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Jun 13, 2012
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Jeff Miller
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Zale's Revenue +8%, Loss Narrows to $5M in 3Q
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Zale reported a revenue increase of 8.1 percent year on year to $445.2 million for the third fiscal-quarter that ended on April 30, 2012. Same-store sales also rose 8 percent. Cost of sales increased 5.6 percent to $217...
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Financial-Legal
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May 23, 2012
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Jeff Miller
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Luk Fook to Open 30 New Jewelry Stores in China
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Luk Fook Holdings opened five new shops in Hong Kong and Macau this month and will open approximately 30 new shops on Mainland China before the coming Labour Day Golden Week in May. The...
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Retail
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Apr 27, 2012
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Jeff Miller
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Retail
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Apr 27, 2012
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Dilipp S Nag
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Rajesh Exports Opens 20 Stores on Akshaya Tritiya
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Rajesh Exports Ltd. opened 20 new retail stores in the southern Indian state of Karnataka on Tuesday, coinciding with the occasion of Akshaya Tritiya, one of the most auspicious days in the Hindu calendar to buy gold and...
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Retail
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Apr 24, 2012
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Dilipp S Nag
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U.S. Jewelry Store Sales +19% to Nearly $3B
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Jewelry store sales in February 2012 rose 18.7 percent year on year to $2.69 billion, according to the government's calculations. For the first two months of the year, jewelry store sales have increased 13 percent year...
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Retail
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Apr 16, 2012
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Jeff Miller
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Jewelry Industry Homicides, Dollar Losses Rise in 2011
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The Jewelers Security Alliance (JSA) determined total dollar loss in 2011 from crimes against the jewelry industry was $85.1 million in the U.S., an increase of 5.3 percent year-on-year. The total number of crimes reported...
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Research
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Apr 02, 2012
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Jeff Miller
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Final Sale of Continental's Inventory Begins in Tampa
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Buxbaum Jewelry Advisors is conducting the final liquidation sale for Continental Jewelry's superstore in Tampa, Florida. Discounts were listed by as much as 80 percent with a total retail value of inventory at about $5 million. Inventory must be sold before...
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Retail
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Feb 28, 2012
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Jeff Miller
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Bullion Express Opens Near Chicago
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DGSE Companies held the grand opening of its Bullion Express location in Highland Park, Illinois. Bullion Express will offer precious metal bullion for purchase and same day delivery. Customers also have the...
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Retail
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Feb 08, 2012
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Jeff Miller
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Department Store Sales -1%, Jewelry Sales +1%
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U.S. department store sales fell 1.3 percent year on year to $26.42 billion in December, according to advanced estimates released by the government today. On an adjusted basis, department store sales fell by 1 percent to $15.2 billion. The advance...
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Retail
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Jan 12, 2012
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Jeff Miller
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U.S. Jewelry Store Sales +3% in October
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U.S. jewelry store sales during the month of October, which is the most recent reporting period for this niche sector, rose 3 percent to $2.026 billion, according to government figures. Jewelry sales data lags one...
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Research
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Dec 13, 2011
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Jeff Miller
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