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Zale, Saks Post Strong Gains on the NYSE
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Shares in Zale Corporation closed 22 percent higher for the day at $6.60 on the New York Stock Exchange (NYSE), following stronger than expected third quarter results. Zale's shares were up 183 percent from one...
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Financial-Legal
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May 22, 2013
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Jeff Miller
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Soros Buys 8% Stake in JCPenney
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Hedge fund manager George Soros purchased 17,386,361 shares in JCPenney, the retailer announced after the market closed on April 25 through a filing with the Securities and Exchange Commission. The Soros Fund Management disclosed...
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Financial-Legal
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Apr 25, 2013
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Jeff Miller
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Movado 4Q Sales +1%, Profit -26% to $8M
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Movado Group reported that its sales rose almost 1 percent year on year to $123.6 million for the fourth quarter that ended on January 31. The retailer's cost of sales jumped 7.4 percent to $60.9 million...
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Financial-Legal
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Mar 21, 2013
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Jeff Miller
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Citi's Initiation of Signet Boost Shares
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Shares in Signet Jewelers rose 2 percent to hit $51.34 in late morning trading on the Nasdaq in New York. Signet's shares were up 36 percent year on year and just shy of a 52-week high of $51.44 in March. The latest bump...
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Retail
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Sep 14, 2012
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Jeff Miller
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Peregrine's Shares Soar, Trading Halts
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Following a surge in its stock price today, Peregrine Diamonds told shareholders this afternoon that discussions regarding its corporate and financing options were at an advanced stage, but had not concluded. ''The parties are bound by confidentiality and no further details can be provided at this time,'' according...
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Financial-Legal
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Aug 29, 2012
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Jeff Miller
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Blue Nile's 2Q Sales +13%, Profit -44%
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Blue Nile's sales rose 13 percent year on year to $90.98 million in the second quarter that ended on July 1, however, cost of sales increased 16 percent to $73.79 million. As a percentage of net sales, gross profit was 18.9 percent...
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Financial-Legal
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Aug 02, 2012
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Jeff Miller
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Signet's Board Approves $50M More for Share Repurchase
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Signet Jewelers Ltd. authorized a $50 million increase, up to $350 million, in its existing program to repurchase common shares. Mike Barnes, Signet’s chief executive, said that the increase reflected the board's commitment to building value...
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Financial-Legal
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Jul 17, 2012
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Jeff Miller
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Afri-Can Marine to Consolidate Shares, Close Financing
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Afri-Can Marine Minerals received conditional approval from the Toronto Stock Exchange (TSX) Venture board to close its $3 million placement, which commenced April 12. In order to proceed with the closing, Afri-Can has initiated...
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Financial-Legal
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Jul 03, 2012
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Jeff Miller
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Namakwa's Offering to Raise $55M
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Namakwa Diamonds expects to raise approximately $55 million after shareholders approved issuing more shares. Funds were expected to pay down debt and provide working capital. The diamond-mining junior expects to repay approximately $45 million in debt."During the first half of this year, we have been focused...
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Mining
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Jun 28, 2012
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Jeff Miller
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Movado's 1Q Sales +15%, Profit Improves to $7M
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Movado Group's sales in its first quarter that ended on April 30, rose 15.4 percent year on year to $103.7 million and cost of sales increased by only 8.2 percent to $44.6 million. The company, therefore, improved its profit to $6.6 million or 26 cents per share, compared with only...
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Financial-Legal
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May 31, 2012
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Jeff Miller
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Diamond Circle Capital's Board Rejects Buyout Offer
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The board of directors of Diamond Circle Capital Plc., a diamond investment firm, concluded that it was not in the interests of shareholders to accept a buyout offer made by Abdallah Chatila on May 11 for $3.50 per share. The board...
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Financial-Legal
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May 15, 2012
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Jeff Miller
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Chatila Makes Cash Offer for Diamond Circle Capital
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Abdallah Chatila has acquired 1,272,615 shares in Diamond Circle Capital, a diamond investment firm, from Fortress Commodities Fund Ltd. at a price of $3.50 per share and in so doing is making an offer for all remaining shares at the...
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Financial-Legal
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May 08, 2012
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Jeff Miller
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Financial-Legal
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Apr 26, 2012
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Jeff Miller
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AMEX Halts Trading of DGSE
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DGSE Companies Inc. informed shareholders that its common stock was halted on the American Stock Exchange yesterday as a result of the company’s inability to comply with certain information disclosure requirements. DGSE is assessing the need...
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Financial-Legal
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Apr 18, 2012
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Jeff Miller
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JCPenney's FY Sales -3%, Records $152M Loss
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JCPenney reported fourth-quarter sales declined 4.9 percent year on year to $5.4 billion for the period that included Christmas season and ended on January 28, 2012. Comparable-store sales for the fourth quarter declined...
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Financial-Legal
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Feb 24, 2012
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Jeff Miller
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Blue Nile's 4Q Sales -2%, Profit -32% to $4M
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Blue Nile's fourth-quarter sales slipped 2.1 percent year on year to $112.3 million, while its cost of sales was flat at $89.1 million, for the three months that ended on January 1, 2012. Gross margin as a percentage...
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Retail
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Feb 15, 2012
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Jeff Miller
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Diamond News Broadcast: Industry Stocks Slump in 2011
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Download MP3 Audio.Time does make a difference for diamond industry and related stocks, only 2011 was not an exceptional year for the majority of stocks the Rapaport News team follows. Of the 55 publically traded...
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Research
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Jan 04, 2012
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Rapaport News
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Peregrine Announces $12M Rights Offering
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Peregrine Diamonds Ltd. will conduct a rights offering to holders of its common shares of record at the close of business on November 14 and expiring December 6. The offering will be made in all of the provinces of Canada and other jurisdictions...
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Financial-Legal
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Nov 01, 2011
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Jeff Miller
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Zale's 4Q Sales +9%, Net Loss Rises to $33M
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Zale's fourth-quarter sales rose 9.4 percent year on year to $377.3 million for the three months that ended on July 31, 2011. Same-store sales rose 9.8 percent and at a constant exchange rate with Canada,...
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Financial-Legal
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Aug 31, 2011
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Jeff Miller
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Retail Stocks Tank, Zale -16% on August 8
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U.S. retail stocks took a hammering today, following a broader sell-off on Wall Street. The Dow Jones industrial average lost 5.6 percent to close at 10,809.85 and the NASDAQ lost 6.9 percent to close a 2,357.69. Oil...
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Financial-Legal
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Aug 08, 2011
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Jeff Miller
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