MajorsTop Story
Kohl's to open nine stores, create 1,500 jobsKohl's announced that it will open nine new stores this spring, bringing 1,500 jobs to communities across six states.Read More Majors NewsFinancial 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 Market DevelopmentsReports: Major investor dumps shares in ZaleFranklin Resources Inc., one of Zale Corp.'s largest shareholders, is shedding its shares in the troubled company, according to news reports. Read More Gems TV closing, eyes deal for Jewelry TelevisionGems TV Holding Limited announced Monday that it is ceasing its U.S. operations and has submitted a proposal to acquire an interest in Multimedia Commerce Group Inc. (MMCG), the company that operates on-air rival Jewelry Television. Read More WJA hosts educational events on both coastsThe Women's Jewelry Association (WJA) will be holding educational events on both coasts this week, including a social networking seminar in Los Angles and the annual Women in the Know Conference in New York City. Read More Public Policy & IssuesJA asks jewelers to join sales tax fairness pushJewelers of America (JA) is again calling on Congress to reintroduce and pass legislation that would close a loophole that frees online retailers from having to charge sales tax and thereby hurts brick-and-mortar businesses. Read More NYC diamond conference to feature key luxury namesInitiatives in Art and Culture, a New York-based organization that promotes the arts, is hosting a diamond conference this spring in Manhattan, featuring a lineup of luxury jewelry brand and expert gemological speakers. Read More JVC event to help jewelers address IRS inquiriesThe Jewelers Vigilance Committee (JVC), which says that a number of jewelers have already reported that the Internal Revenue Service has inquired about their anti-money-laundering (AML) programs, will host a seminar on the topic at the upcoming JA New York Winter Show on March 1. Read More E-Commerce DevelopmentsWhy did holiday jewelry sales rebound online?Virtual jewelry stores, just like their brick-and-mortar counterparts, rebounded this past holiday season, with online sales-growth spikes that even surpassed those of electronics such as flat-screen TVs and e-readers. Read More Bidz.com settles consumer lawsuit for $20KOnline jewelry retailer Bidz.com announced that it has settled a lawsuit with a consumer who claimed the company misrepresented the value of its merchandise. Read More Court orders eBay to pay damages to Louis VuittonA French court has found eBay liable for harming the reputation of the trademarks, company name and domain name of luxury brand Louis Vuitton, the brand announced in a media release. Read More |
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