Financial ReportingWeak 2009 jewelry sales batter Bidz.comRevenues for online retailer Bidz.com fell 46.3 percent in 2009, a decline the company attributes to the drop in consumer spending that has disproportionately affected jewelry. Read More Department stores enjoy February sales increasesNew York--Department store chains around the country saw modest to strong sales increases in February, with Saks, Inc., specifying that fine jewelry--along with women's shoes and designer apparel--was one of the better categories at its Saks Fifth Avenue stores for the month. Read More Fate of Carlyle and Co. sale lingers in courtNearly four months after it was auctioned off in a bankruptcy sale, the fate of the Carlyle and Co. jewelry chain is still in question, as the parties involved battle it out in federal court. Read More Charles and Colvard's 2009 sales fall 44 percentSales plummeted 44 percent in 2009 for moissanite manufacturer Charles and Colvard, with executives saying the poor economy prompted its retail partners to stop buying jewelry made of the lab-created gem. Read More Year-end sales up for Kohl's, TJX discount chainsTwo discount retailers--Kohl's and TJX Companies, which operates T.J. Maxx--reported fiscal 2009 sales increases, while high-end retailer Saks reported a sales decline for the year. Read More Zale's 2Q revenues fall 14.3 percentAfter a tough holiday season, the news didn't get any better for beleaguered retailer Zale Corp. on Wednesday, as the chain announced its second quarter 2010 same-store sales fell 11.2 percent. Read More Former Zale CEO gets $600K severanceA recent filing with the Securities and Exchange Commission (SEC) reveals that after negotiations with the board of directors, former Zale Chief Executive Officer Neal Goldberg walked away with a severely reduced severance package. Read More Blue Nile sales up 2.3 percent for '09Blue Nile's 2009 sales rose by a modest 2.3 percent, but its fourth-quarter sales climbed 20 percent, ramped up by strong international sales results, the company reported late Thursday. Read More Zale Corp. hires investment advisory firmLong-struggling jewelry chain Zale Corp., which saw double-digit sales declines over the holiday season, has hired an independent investment banking advisory firm to help it determine strategic options. Read More In January, jewelry shines at Saks, Neiman, PenneyWith some exceptions, department stores and big-box retailers that sell fine jewelry saw modest sales increases in January, with several retailers, including Saks, Neiman Marcus and J.C. Penney Co., pinpointing jewelry as one of the better performers. Read More LVMH watch, jewelry sales down 13 percentWatch and jewelry revenues fell 13 percent for LVMH Moët Hennessy Louis Vuitton in 2009, although the luxury conglomerate cited some fourth-quarter improvement and record revenues overall in December as it reported its year-end results. Read More Finlay stores close with $122M in holiday salesA filing with the Securities and Exchange Commission (SEC) shows that holiday sales added up to $122.54 million for bankrupt Finlay Enterprises Inc., which liquidated and shuttered Bailey Banks and Biddle and two other jewelry chains. Read More Birks and Mayors same-store sales fall 4 percentThird-quarter same-stores sales declined 4 percent for 65-store chain Birks and Mayors Inc., which operates retail locations in both the United States and Canada, the company reports. Read More Shane Co. asks court for more time to reorganizeCiting the "uncertain economy," Shane Co. has filed a motion asking the court to grant it more time to file a plan detailing how it's going to emerge from Chapter 11 bankruptcy, court papers show. Read More India's gem, jewelry exports up 45 percentExports of gems and jewelry from India were up 45 percent in December, statistics released recently by the Gem and Jewellery Export Promotion Council (GJEPC) show, as the manufacturing hub continues to rebound from last year's steep decline in demand. Read More Richemont sales up 2 percent in last '09 quarterSwiss luxury giant Richemont saw its sales rise 2 percent in the final quarter of 2009, with both its jewelry and watch divisions enjoying increased demand and a modest rise in sales as the year swung to a close. Read More Exiting Zale CEO Goldberg may walk away with $3MA recent filing with the Securities and Exchange Commission (SEC) shows that Zale Corp. Chief Executive Officer Neal Goldberg could head off into the sunset with $3 million in severance pay. Read More NRF report says holiday sales up 1.1 percentAfter seeing U.S. holiday sales decline by 3.4 percent in 2008, retail sales rebounded for both the holiday season and for all of 2009, rising 1.1 percent and slightly beating the National Retail Federation's (NRF) projections. Read More Birks and Mayors' holiday sales rise 6 percentLuxury jeweler Birks and Mayors saw net sales rise 6 percent during the fiscal 2010 holiday season, but sales in the U.S. market, particularly Florida, remained weak compared to more robust sales in Canadian stores, the company said. Read More JBT gives added scoop on who’s good for the moneyThe Jewelers Board of Trade (JBT) has introduced a new, free online platform called JBT CreditShare, which is designed to make it easier for members to confidentially share and retrieve customer data that details how well companies performed on memo agreements, whether they have bounced checks and more. Read More Liquidated jewelry worth $1.5M sells in a flashTwo liquidators who were brought in by secured lenders to sell $1.5 million worth of jewelry inventory that was previously in the vaults of Shine Diam, Inc. and J Designs By Shine say they sold two bulk lots in record time just before Christmas. Read More Holiday sales up nearly 8 percent for SterlingSterling Jewelers, operator of the Kay Jewelers and Jared the Galleria of Jewelry chains in the United States, saw same-store sales increase 7.6 percent during the critical holiday season, according to release issued by the company Tuesday. Read More Tiffany sees 17 percent hike in holiday salesWorldwide sales at Tiffany and Co. rose 17 percent, prompting "extremely pleased" executives to predict that the luxury retailer will have a better than expected end to the fiscal year. Read More Department stores, chains saw holiday sales riseFrom luxury retailers to discount warehouse outlets, numerous retailers welcomed positive results for the holiday season, with many claiming to have received boosts from apparel and shoe sales, and at least one citing jewelry as a shining star in sales. Read More Zale's same-store holiday sales fall 12 percentSame-store sales dropped 12 percent in November and December for struggling retailer Zale Corp., the company reported today. Read More |
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