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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
Birks2
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
Birks 150
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 Sells Mayor’s to UK Group for $105M
Birks Group has agreed to sell Mayor’sJewelers to Aurum Holdings, the UK’s largest fine watch and jewelry retailer,for $104.6 million.Birks expects to complete the sale of thesubsidiary this fall, with the deal subject to closing...
Retail Aug 13, 2017 Rapaport News
Stornoway Renard rough 140
Renard Tallies 1M Carats Since Launch
Stornoway Diamond Corporation has produced 1 million caratsat its Renard mine since the deposit opened in Canada in October, the companysaid Tuesday.“Today’s news represents another important milestone in ourproduction ramp-up at Renard,” said Matt Manson,...
Mining May 17, 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
Bull
Diamond Shares Sparkle in Bullish 2016
Jewelry and diamond mining stocks gained in 2016, ridingthe wave of resurgent financial markets in the last two months of the year.The strong performance mirrored the Dow Jones IndustrialAverage, which leapt 13 percent for the...
Financial-Legal Jan 01, 2017 Joshua Freedman
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 Group
Birks Group’s 3Q Comparable Sales Rise
Jewelry retailer Birks Group reported comparable-store salesrose 3.5 percent year on year in the third quarter, defying difficult marketconditions. Total consolidated net sales – down 6.6 percent on a weakerCanadian dollar – also rose 1.2 percent...
Retail Jan 13, 2016 Rapaport News
birks mayors
Birks Group’s 1H Revenue -4%, Same-Store Sales +3%
Birks Group’s sales fell 4 percent to $134 million year on year inthe six months to September 26, mainly because of unfavorable foreign exchangerates, the Canadian jewelry retailer said November 20.Excluding a $10.2 million adjustment attributable...
Retail Nov 22, 2015 Rapaport News
birks mayors
Birks Group Loss Widens to $9M But Sales +7%
Birks Group reported that sales improved 7.3 percent year on year to $301.6 million in the fiscal year that ended on March 28. Comparable-store sales rose 16 percent due in large part to much higher average sale...
Financial-Legal Jun 29, 2015 Jeff Miller
birks mayors
Birks Group's 3Q Sales +3% to $98M
Birks Group Inc. reported that revenue rose 3.2 percent year on year to $97.6 million in the third quarter that ended on December 28. The increase reflected higher comparable-store sales, which rose 11 percent, offset...
Financial-Legal Jan 15, 2015 Jeff Miller
birks mayors
Birks Group Secures a $33M Loan
Crystal Financial LLC, a portfolio company of Solar Capital Ltd., closed a $33 million second-lien term loan for jewelry retailer Birks Group that matures in August 2018. Crystal Financial operates as an independent commercial finance company,...
Financial-Legal Dec 17, 2014 Jeff Miller
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