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Birks store Toronto Canada
Birks Sales Slide After Store Closures
Canada-based jewelry retailer Birks Group saw sales slump in its first fiscal half as the coronavirus forced stores to shut for much of the period.Revenue slid 33% year on year to just over CAD 57 million ($43.9...
Retail Nov 29, 2020 Rapaport News
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Watches of Switzerland Sees Strong 2Q Sales
Group revenue at Watches of Switzerland was stronger than expected during the second fiscal quarter as luxury products continue to perform well in both the US and UK markets.Sales rose 20% year on year to GBP 202.7 million ($262.6...
Retail Oct 08, 2020 Rapaport News
Birks Group
Birks Could Face Delisting After Losses
The New York Stock Exchange (NYSE) has told Birks Group it is no longer compliant with its listing rules, after the Canadian jeweler incurred losses for four consecutive fiscal years.NYSE American, the exchange’s...
Retail Aug 17, 2020 Rapaport News
Birks Group
Birks Sales Rise Pre-Pandemic
Birks Group’s sales increased sharply in the latest fiscal year as three of its major retail stores reopened following renovations.The Canadian jeweler resumed trading at flagship sites in Vancouver, Toronto and Montreal during the 12-month...
Retail Jul 12, 2020 Rapaport News
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Birks Sidelines Omni-Channel Role
Birks Group has eliminated a top omni-channel position on its management team as part of a restructuring effort in the wake of the coronavirus pandemic.The Canada-based jeweler has let go of Lanita Layton, its vice president and chief omni-channel...
Retail Jul 08, 2020 Rapaport News
Birks Bitcoin
Birks to Accept Payment in Bitcoin
Customers will soon be able to pay in Bitcoin at eight BirksGroup stores in Canada, the retailer said. The jeweler claims to be the first luxury retailer in Canadato accept the cryptocurrency. The service will be available at the end...
Retail Nov 28, 2018 Rapaport News
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Montreal Relaunch Boosts Birks Results
Birks Group’s sales grew in the six months to September 29as the retailer opened its renovated flagship store in Montreal, Canada.Sales rose 6% to CAD 68.7 million ($51.9 million) in thefiscal first half at the jeweler’s continuing...
Retail Nov 25, 2018 Rapaport News
Birks opens Graff store
First Graff Canada Boutique to Open at Birks
Birks Group is launching its first Canadian store dedicated to Graff Diamonds jewelry. Birks will open the boutique this month on West Georgia Street in downtown Vancouver, solely offering Graff’s high-end jewelry and watches,...
Retail Nov 04, 2018 Rapaport News
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Mayors Sale Saves Birks from Loss
Birks Group’s profit more than doubled in the past fiscalyear after the Canadian retailer sold subsidiary Mayors Jewelers. Profit grew to $11.7 million for the 12 months ending March31 from $4.9 million a year...
Retail Jul 05, 2018 Rapaport News
Birks 150
Birks Gets New Omni-Channel VP
Canada-based jewelry retailer Birks Group hasappointed Aurélie Pépion vice president of omni-channel sales and operations. Pépion (pictured) has more than13 years of management experience with luxury brands. She was most recently themanaging...
Retail Apr 12, 2018 Rapaport News
Birks Group Vancouver store
Birks Slides During Holidays
Birks Group’s November and December sales declined 4% due toongoing renovations at two flagship stores and weak consumer sentiment in Canada, the jeweler reported Friday. The Montreal-based company noted comparable store sales grew...
Retail Jan 15, 2018 Rapaport News
Birks Group
Birks Sales Sink as Transition Continues
Shares in Birks Group tumbled 26% in the past two weeks after the jeweler reported a 10% drop in same-store sales during the fiscal half-year that ended September 23. “The major renovations at our two...
Retail Nov 26, 2017 Rapaport News
Renard Stornoway Birks polished
Birks Shows Canada Pride with Renard Line
Canadian jewelry retailer Birks Group has partnered withrough producer Stornoway Diamond Corporation to sell stones from the new Renardmine in Quebec.Birks launched a showcase of the first 200 diamonds from themine at its Montreal flagship...
Retail May 14, 2017 Rapaport News
Radiant North Birks
Birks Inks Deal to Sell Diamonds in Asia
Montreal-based Birks Group has tied up with onlineretailer Luxify to sell top-end polished diamonds to consumers in Asia.The companies will offer rare diamonds of Canadian origin onthe Luxify ecommerce site, including the 35.11-carat, fancy darkyellowish-brown...
Retail Jan 26, 2017 Rapaport News
Birks Group Vancouver store
Birks Holiday Sales Defy U.S. Jewelry Dip
Birks Group reported comparable-store sales grew 11 percent in a record holiday season for the retailer as the average spend per shopper rose and agreater proportion of store visits translated into purchases.Comparable-store sales jumped 16 percent...
Retail Jan 15, 2017 Rapaport News
birks mayors
Birks Credits Strategic Goals in New Deal
Birks Group has negotiated new credit terms that it sayswill enable continued implementation of its growth strategy. “We feel encouraged that our lenders have recognizedmanagement’s efforts to restructure the company and to improve the...
Retail Dec 26, 2016 Rapaport News
Birks Group Vancouver store
Birks Slides to Loss in Weak Canada Economy
Birks Group fell into the red in the first fiscal halfbecause of tougher economic conditions in Western Canada.Sales fell 3 percent to $129.7 million in the 26 weeks thatended September 24, the Montreal-based company reported. Revenue from...
Retail Nov 23, 2016 Rapaport News
birks mayors
Birks Group Returns to Profit
Birks Group swung to a profit in fiscal 2016 following arestructuring as comparable sales rose, driven by new store designs, new collectionsand marketing campaigns.Net income stood at $5.4 million in the 12 months that endedMarch 26 versus a loss of $8.6...
Retail Jul 06, 2016 Rapaport News
Birks-Rideau
Birks Sells Corporate Sales Division to Rideau
Birks Group sold its Corporate Sales Division, also known as "Birks Business", to Rideau Recognition Solutions for $4.3 million (CAD $5.6 million). The Corporate Sales Division services business customers by providing them with...
Retail Aug 05, 2015
birks
Birks Creates Campaign for 10th Anniversary of the Amorique Diamond
Birks is celebrating the 10th anniversary of its proprietary diamond cut – the Birks Amorique Diamond – with a new marketing campaign and collection that is set to launch on April 1. Featuring actress Rachelle Lefevre of Canada, Birks described...
Marketing Mar 31, 2015 Jeff Miller
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