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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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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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IBM Predicts 5% Rise in Holiday Jewelry Sales
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IBM has forecast strong growth in jewelry sales over theholiday retail season amid robust consumer sentiment. Purchases in the category will rise an estimated 5.2% yearon year during the festive period, IBM vice...
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Retail
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Nov 25, 2018
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Rapaport News
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Major US Retailers Embrace Synthetic Diamonds
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Lab-grown diamonds will feature at some of the largest US retailers this holiday season, with J.C. Penney, Macy’s and Jewelry Television (JTV) anticipating strong growth in the category. Berkshire Hathaway subsidiary Richline Group will...
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Retail
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Nov 01, 2018
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Rapaport News
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J.C. Penney’s Holiday Sales Jump
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J.C. Penney saw a 3.4% increase in comparable-store sales — those at branches open forat least a year — during the holiday period, led primarily by strongperformances in the home, beauty and fine-jewelry sectors.The figures were for the...
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Retail
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Jan 07, 2018
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Rapaport News
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Smart Watches to Boost JCPenney Jewelry Sales
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JCPenney has launched a selection ofsmart watches in its stores as part of a re-branding of its jewelry department.Electronic timepieces from brands includingSamsung and LG will appear at 245 stores and on its e-commerce platform aheadof the holiday season,...
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Watches
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Oct 22, 2017
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Rapaport News
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Holiday Sales to Gain From Post-Election Certainty
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U.S. holiday season forecasts for retail improved as increasedcertainty after the presidential elections is expected to bolster sales. Commentatorshave, however, warned about the extent of any potential upturn.“Having certainty on that [elections being over] is probablya...
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Retail
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Nov 15, 2016
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Rapaport News
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J. C. Penney Boosts 4Q Revenue on 'Successful' Holiday Season
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J. C. Penney’s revenue rose 2.6 per cent to $4 billion inthe three months to January 30, the retailer reported.Comparable store salesadvanced 4.1 percent year on year in the fourth fiscal quarter that included a“successful” holiday season.However,...
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Retail
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Feb 29, 2016
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Rapaport News
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J.C. Penney’s 3Q Revenue +5%, Loss Cut to $137M
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J.C. Penney reported that revenue increased 5 per cent to$2.9 million year on year in the third quarter that ended October 31.Same-store sales increased 6 per cent.The company cut its loss by 27 percent to $137 million,according...
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Retail
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Nov 15, 2015
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Rapaport News
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JCPenney's Same-Store Sales +4% for Christmas Season
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J. C. Penney Company Inc. reported that same-store sales improved 3.7 percent year on year for the nine-week Christmas season, which included November and December. JCPenney reported same-store sales growth of 3.1 percent for...
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Financial-Legal
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Jan 06, 2015
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Jeff Miller
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Marketing
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Nov 03, 2014
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Jeff Miller
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Retail
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Aug 14, 2014
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Jeff Miller
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JCPenney Sales +6%, Loss Grows to $352M in 1Q
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J.C. Penney Company Inc. reported that sales rose 6.3 percent year on year to $2.8 billion in the first quarter that ended on May 3. Same-store sales increased 6.2 percent. Cost of goods sold rose 2.9...
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Financial-Legal
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May 15, 2014
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Jeff Miller
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JCPenney's FY Revenue -9%, Loss Tops $1B
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J.C. Penney Company Inc. reported that revenue fell 2.6 percent year on year to $3.78 billion for the fourth quarter that included the Christmas season and ended on February 1. However, JCPenney's cost of goods...
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Financial-Legal
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Feb 26, 2014
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Jeff Miller
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JCPenney Anticipates 4Q Same-Store Sales Rose 2%
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J. C. Penney Company Inc., which has experienced a 71 percent year-on-year decline in its share price, provided a preliminary sales recap for the fourth quarter. Same-store sales for the months of November and December rose 3.1...
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Retail
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Feb 04, 2014
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Jeff Miller
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JCPenney to Close 33 Stores, Eliminate 2,000 Positions
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In its latest effort to reduce costs and improve earnings, J. C. Penney Company Inc. will close 33 underperforming stores in the U.S. to focus operating resources on its highest potential growth opportunities. JCPenney anticipates that the store...
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Financial-Legal
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Jan 15, 2014
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Jeff Miller
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Positive November Comps Encourage JCPenney
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J. C. Penney Company Inc. informed investors after the market closed today that its preliminary comparable-store sales for November rose 10.1 percent year on year. The beleaguered retailer was eager to share the news...
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Financial-Legal
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Dec 03, 2013
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Jeff Miller
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JCPenney's 3Q Revenue -5%, Loss Surges to $489M
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J.C. Penney Company Inc. reported that its revenue fell 5.1 percent year on year to $2.78 billion in the third quarter that ended on November 2; however, the retailer held cost of goods sold relatively flat...
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Financial-Legal
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Nov 20, 2013
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Jeff Miller
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Retail
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Nov 07, 2013
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Jeff Miller
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JCPenney Joins Shopkick Rewards App
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J. C. Penney Company Inc. partnered with shopkick, a shopping app that rewards shoppers for simply walking into stores. The deal was timed for the key Christmas retail season so that JCPenney shoppers will...
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Technology
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Oct 25, 2013
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Jeff Miller
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