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Deloitte
Deloitte Predicts Uplift in Holiday Sales
US retail sales are forecast toincrease by up to 5% this holiday season, while e-commerce spending could jumpby 18%, Deloitte said Tuesday. The predictions, initially outlined in the consultingfirm’s annual holiday retail forecast, published last month,...
Retail Oct 24, 2019 Rapaport News
NRF
NRF Predicts Rise in Holiday Sales
The National Retail Federation (NRF) has forecast a strong risein US holiday sales, as a healthy economy outweighs tariff fears in the shortterm.Retail sales in November and December are expected toadvance 3.8% to 4.2% year on year, for...
Retail Oct 06, 2019 Rapaport News
NRF
Holiday Sales Growth Misses Expectations
US holiday sales increased 2.9% in 2018, but the growth was significantly lower than what the National Retail Federation (NRF) had forecast. Total sales for the November-to-December period were $707.5billion, according to figures...
Retail Feb 17, 2019 Rapaport News
Michael Hill
Michael Hill Sees Improved Holiday Results
Michael Hill’s sales rose during the holiday period, buoyed bya shift in the company’s marketing strategy, it said Tuesday. The jeweler’s same-store sales — at branches open for at least a year— increased 1.3% year on year...
Retail Jan 15, 2019 Rapaport News
NRF Retail
NRF Predicts Jump in Holiday Sales
The National Retail Federation (NRF) has forecast a strong rise in US holiday sales this year, amid a healthy economy and strong consumer sentiment. Retail sales in November and December will increase 4.3% to4.8% for...
Retail Oct 08, 2018 Rapaport News
Tiffany Holiday Sales Rise 8%
Tiffany Restores Growth in Strong Holiday Season
Tiffany & Co’s sales jumped 8% during the holidayseason amid a sharp improvement in US demand and a recovery in Asian markets,the luxury jeweler reported. Group sales grew to $1.05 billion during November andDecember, with comparable-store sales...
Retail Jan 17, 2018 Rapaport News
Jewelry
Jewelry Shines in Upbeat US Holiday Season
Jewelry sales grew 6% this holiday season, in large partdriven by last-minute purchases, according to a Mastercard SpendingPulse surveypublished Tuesday.Total retail sales grew 4.9% during the holiday shoppingperiod between November 1 and December 24, the largest...
Retail Dec 27, 2017 Rapaport News
Holiday shopping retail
Retail Enjoying Impressive Season
US retail sales have increased so far this holiday season, as an improving job market has spurred consumer confidence, according to surveys by government and private-sector organizations. Sales across all retail categories grew 6.3% year on year...
Retail Dec 17, 2017 Rapaport News
Cyber Monday
Mobile-Savvy Millennials Drive Cyber Monday Jump
Cyber Monday sales rose to record levels this year, with millennial consumers driving growth through transactions on their mobile devices, according to Adobe Digital Insights. Sales rose 17% to $6.59 billion as at 10 p.m. EST on the...
Retail Nov 30, 2017 Rapaport News
Black Friday shopping
Online Sales Surge on Black Friday
Online spending hit record levels on Black Friday, whilerobust sales at brick-and-mortar retailers indicated the shopping bonanza’straditional side is not dead yet. US e-commerce sales jumped 17% to $5.03 billion on Friday,according to Adobe Digital Insights, a data...
Retail Nov 26, 2017 Rapaport News
JCPenney jewelry rebrand 2017
J.C. Penney Expects Strong Holiday for Jewelry
J.C. Penney’s comparable jewelry sales grew in the thirdfiscal quarter, prompting management to predict a furtherincrease for the holiday shopping period.“We had a strong third quarter of positive comps [comparable sales] from finejewelry, and we expect...
Retail Nov 13, 2017 Rapaport News
Holiday retail shopping
NRF Predicts Holiday Growth
US holiday sales and consumers’ average spending will risethis season, amid strong sentiment about the economy, according to projectionsby the National Retail Federation (NRF).Retail sales in November and December will increase 3.6% to4%...
Retail Nov 01, 2017 Rapaport News
Chinese New Year
Chow Tai Fook’s Holiday Sales Jump in China
Chow Tai Fook said sales from the mainland outperformedthose in Hong Kong during the Chinese New Year holiday period.Retail revenue from mainland China jumped 4 percent during January14 to February 3, which covers the...
Retail Feb 07, 2017 Rapaport News
RDR Gold Rush
Gold Price Hike Dampens Jewelry Demand
A bounce in gold pricesand sluggishness in India and China drove global jewelry demand lastyear to its weakest level since 2009, according to the World Gold Council(WGC).Global demand fell 15 percent to 2,041.6 tonnes in 2016, aseven-year low,...
Retail Feb 05, 2017 Rapaport News
bulgari lvmh
LVMH Growth Highlights High-End Resilience
LVMH Moët Hennessy Louis Vuitton reported jewelry and watchsales jumped in the fourth quarter, indicating luxury consumers shrugged off global economic uncertainty this holiday season.Revenue advanced 9 percent to $1.05 billion (EUR 982million)...
Retail Jan 29, 2017 Rapaport News
Tiffany - must attribute to Newscast
Trump Protests Disrupt Tiffany Holiday Sales
Tiffany & Co reported holiday sales declined 4 percent to $483million in the Americas amid weaker consumer spending and protests outsidethe jeweler’s flagship New York store.Comparable-store sales also fell 4 percent in the Americas during the...
Retail Jan 17, 2017 Rapaport News
Shopping Mall
NRF Reports Some Holiday Cheer
Holiday retail sales rose 4 percent driven by anaccelerated economic recovery even as certain large chain stores reported lowertraffic, according to separate reports from the National Retail Federation (NRF) andMasterCard.The NRF said total U.S....
Retail Jan 16, 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
Shopping Mall
U.S. Retailer Shuts 250 Stores to Move Online
Women’s apparel chain The Limited has closed all 250stores and has moved all sales to its online platform, reflecting an increasingly challengingenvironment for bricks-and-mortar retailers.“We’re sad to say that all The Limited stores...
Retail Jan 10, 2017 Rapaport News
Jewelry store depressed
Diamond Prices Decline Amid India Liquidity Crisis
PRESSRELEASE, January 3, 2017, New York… Polished diamond prices softened inDecember as Indian liquidity dried up due to the government’s demonetizationpolicy eliminating 500 and 1,000 rupee notes. Trading slowed with dealerstaking vacation during the...
Polished Markets Jan 03, 2017 Rapaport
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