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US Retailers Plan Longer Holiday Season
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A number of US retailers will launch their holiday sales earlier this year as a way to prevent overcrowding by last-minute shoppers and minimize health and safety risks.“Retailers are prepared for an early start to the shopping season, offering...
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Retail
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Oct 04, 2020
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Rapaport News
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Jewelry Among Best Performers for Macy’s
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Jewelry was one of the top-selling categories at Macy’s during the second fiscal quarter, even as overall sales declined at the department-store chain.Group revenue dropped 36% to $3.56 billion in the three months ending August 1, while...
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Retail
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Sep 03, 2020
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Rapaport News
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Signet Temporarily Lays Off Workers
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Signet Jewelers has furloughed a number of its employees to cut costs and ensure the long-term sustainability of its business.“Due to the unprecedented impact of COVID-19 and the closure of our stores, we have moved quickly to proactively reduce...
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Retail
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Apr 01, 2020
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Rapaport News
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Lab-Grown Marketing: Multifaceted Messaging
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When lab-grown diamonds first started to make noise in the consumer jewelry market, much of the marketing power driving them forward was about cutting through the confusion. Are they real? Why do they cost...
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Polished Markets
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Mar 11, 2020
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Rachael Taylor
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Macy’s Notes Solid Quarter for Jewelry
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Jewelry was among the best-performing categories at Macy’s during the fourth fiscal quarter, even as overall sales declined at the department-store chain.Group revenue dropped 1.4% year on year to $8.34 billion in the three months ending...
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Retail
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Mar 03, 2020
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Rapaport News
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Jewelry Among Top Performers at Major Retailers
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Two of the top US department stores noted strong jewelrysales in the third fiscal quarter, even as their overall sales disappointed. “In terms of specific results, our top-performingmerchandise categories in the quarter included fine jewelry, footwear,...
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Retail
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Nov 24, 2019
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Rapaport News
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Jewelry Strong for J.C. Penney, Macy’s
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Two of the top US department stores noted strong jewelry sales in the second fiscal quarter, even as their overall results were disappointing.J.C. Penney and Macy’s both expressed intentions to invest further in improving their jewelry...
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Retail
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Aug 20, 2019
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Rapaport News
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Jewelry Shines for Macy’s, J.C. Penney
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Macy’s and J.C. Penney noted strong sales in their jewelrydivisions in the first fiscal quarter, even as overall results showed a downward trend. “Our fine-jewelry business continues to deliver strong salesresults,” J.C. Penney chief financial...
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Retail
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May 22, 2019
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Rapaport News
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Macy’s Hires Supply Officer
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Macy’s has named Dennis Mullahy chief supply officer, a role in which he will oversee everything involved in getting products to the shelves.He will supervise all aspects of supply, including globalsourcing, inventory management, store and e-commerce...
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Retail
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Apr 02, 2019
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Rapaport News
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Jewelry a Top Seller at Macy’s, J.C. Penney
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Macy’s and J.C. Penney noted strong sales in their jewelry divisions in the fourth fiscal quarter, even as overall results disappointed.Macy’s also said it would implement a new strategy to focus on the category, as well as other products...
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Retail
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Feb 28, 2019
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Rapaport News
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Fine Jewelry a Bright Spot for Macy’s
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Macy’s noted strong sales of higher-end jewelry during theholiday season, though lower-priced items were weaker. Fine jewelry was one of seven categories the retailerhighlighted for their positive performances during November and December.However,...
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Retail
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Jan 10, 2019
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Rapaport News
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Synthetics Maker WD Gets Cash Injection
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Private-equity firm Huron Capital has made a “significant”investment in WD Lab Grown Diamonds, forecasting sharp growth for the companyand the synthetics sector. The injection of funds will help WD expand its capacity toproduce lab-grown diamonds...
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Financial-Legal
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Jan 08, 2019
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Rapaport News
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Personalizing Can Give Stores an Edge
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In the retail industry, “The customer is always right” haslong been the motto. This drive to please consumers means businesses areconstantly in search of new and inventive ways to make them happy. But where dothey start?...
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Retail
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Jan 01, 2019
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Leah Meirovich
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Roberto Coin Jade Line Pulled from Macy’s
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Macy’s has removed a collection of Roberto Coin black-jadejewelry from its shelves following allegations the line bears unlawful gemcertification. Natural-stone supplier Kings Stone, which made the claimsthat prompted Macy’s move in April, filed...
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Financial-Legal
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Dec 31, 2018
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Leah Meirovich
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Top 10 Stories of 2018: A Year of Synthetics
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This was the year in which synthetic diamonds wentmainstream. De Beers launched its Lightbox brand, the US Federal TradeCommission (FTC) relaxed its rules for describing lab-grown diamonds, andthe likes of Macy’s and JCPenney started...
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Polished Markets
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Dec 18, 2018
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Joshua Freedman
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US Retail Sales Up in July, Says NRF
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US retail sales increased in July, as consumers continued tospend despite fears over the escalating trade war. Total purchases — excluding automobiles, gasoline andrestaurants — rose 0.4% over June sales and 4.9% year on year, accordingto...
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Retail
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Aug 19, 2018
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Rapaport News
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US Retailers See Robust Jewelry Results
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Jewelry sales were strong at Macy’s and J.C. Penney in thefirst fiscal quarter, the companies said. “Fine jewelry was a standout performer, including ourproprietary Star Signature Diamond Collection,” Macy’s CEO Jeffrey Gennettesaid last...
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Retail
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May 21, 2018
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Rapaport News
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Pandora to Focus on E-Commerce
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Pandora has hired Karl Walsh as its senior vice president ofglobal e-commerce in an effort to improve online sales and customer experience. Walsh (pictured), who has previously worked atAccenture and McKinsey, will be responsible for...
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Retail
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Mar 15, 2018
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Rapaport News
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What We Know About Nirav Modi’s US Companies
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The $2 billion fraud allegations against Indian jewelrytycoon Nirav Modi and Gitanjali Gems chief Mehul Choksi have shocked theindustry, as well as raising questions about the wider impact on the trade.One of the first casualties...
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Financial-Legal
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Mar 07, 2018
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Joshua Freedman
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Jewelry Drives Macy’s Sales Increase
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Macy’s sales increased in the fourth fiscal quarter, drivenby a solid performance in several divisions, including fine jewelry, thecompany said last week. Sales rose 1.8% year on year to $8.67 billion for the periodending February...
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Retail
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Mar 05, 2018
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Rapaport News
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