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Man shopping on Alibaba
Alibaba Sales Soar During 11/11 Season
The pandemic didn’t stop Alibaba from recording sales growth this Singles’ Day, with the Chinese e-commerce giant enjoying a sharp rise in activity on its platforms during the week and a half running up to the...
Retail Nov 12, 2020 Rapaport News
Michael Lerche Plumb Club podcast
Podcast: Plumb Club Moves with the Times
The pandemic and its impact on trade shows have forced the Plumb Club to help its members do business all year round, said president Michael Lerche.The coalition of 43 jewelry suppliers has been inextricably linked...
Polished Markets Nov 09, 2020 Joshua Freedman
James Allen
Signet to Expand James Allen In-Store Format
Signet Jewelers plans to have James Allen e-commerce displays in 80 of its Jared locations this holiday season following a successful trial of the store-in-store concept. “Given positive sales results and strong traffic gains, we plan to expand...
Retail Sep 08, 2020 Rapaport News
Rough diamond at KGK Diamonds Botswana
De Beers Launches Online Rough-Sales Platform
De Beers has launched an e-commerce site that lets clients buy rough on demand, creating an opportunity for sales during the weak market.An initiative of De Beers’ auctions unit, the new Buy platform gives registered buyers...
Rough Markets May 10, 2020 Rapaport News
Signet breach
Signet Fixes Data Issue at Kay, Jared
Signet Jewelers has repaired a configuration bug on theorder pages of subsidiaries Kay and Jared that accidentally exposed the personalinformation of customers who purchased online. A Jared customer contacted Signet last month after noting hecould...
Retail Dec 05, 2018 Rapaport News
Nordstrom Names Exec to Tap Online Retail Growth
Nordstrom appointed Geevy Thomas to a new role of chiefinnovation officer to help the retailer keep up with trends in consumer habitsand strengthen online sales.Former salesman Thomas has served for 34 years at thecompany and was most recently...
Retail Jan 12, 2017 Rapaport News
Alibaba Singles Day
Alibaba Sells Record $18B in Single Day
Sales on Alibaba Group’s Alipay platform jumped 32 percent onSingles’ Day, underlining the day’s growing importance on the Chinese retailcalendar.The total value of transactions hit $17.8 billion (RMB 120.7billion) compared to $14.3 billion last year,...
Retail Nov 13, 2016 Rapaport News
Harvey Kanter
Blue Nile Sales Below Expectations
Blue Nile missed its own quarterly revenue and earnings guidance as engagement ring sales slowed amid global economic uncertainty.Revenue crept up 0.1 percent to $113.8 million in the secondquarter ending July 3, with U.S. engagement-ring...
Retail Aug 09, 2016 Rapaport News
blue nile logo
Blue Nile’s 1Q Revenue Falls as Engagement Sales Drop
Blue Nile’s sales declined 3.2 percent in its first fiscal quarteras the online retailer suffered from a “challenging environment” amid a slumpin engagement sales. Revenues fell to $103.1 million, with U.S. sales ofengagement jewelry...
Retail May 05, 2016 Rapaport News
blue nile logo
Blue Nile’s 4Q Sales -5%, Engagement Sales -8%
Blue Nile reported net sales fell 4.8 percent year on yearto $150 million in the fourth quarter that ended January 3 because of continuedweakness in high-ticket purchases and foreign currencies. Selling prices for coreengagement products...
Retail Feb 11, 2016 Rapaport News
PC Jeweller
India’s PC Jeweller Sees 3Q Revenue, Profit Soar
India-based PC Jeweller reported revenue on a standalonebasis jumped 20 percent year on year to $320.3 million (INR 21.8 billion) inthe third quarter that ended December 31 mainly because of surging domestic sales.Net profit for the quarter soared...
Retail Jan 28, 2016 Rapaport News
Holiday-Season Mobile Sales +59%: comScore
Mobile commerce in the U.S. soared 59 percent year on yearto $12.65 billion in November and December, according to the latest holiday-seasonestimates from comScore.The preliminary figure – salesfrom smartphones and tablets – accounts for 18 percent of total digitalcommerce...
Retail Jan 12, 2016 Rapaport News
Amazon diamond engagement ring page screenshot
Amazon Mobile Shopping Soars this Holiday
Customers shopping on Amazon's mobile app more than doubled thisholiday, with nearly 70 percent of the ecommerce giant’s clientele using amobile device to shop. On Cyber Monday, the first major online shopping day ofthe season,...
Retail Dec 28, 2015 Rapaport News
Jewelers of American JA website
Jewelers of America Launches New Website to Bolster Consumer Confidence
U.S. tradeassociation Jewelers of America (JA) has introduced a “consumer-facing” websitewith expanded educational tools to improve confidence among potential buyers.New features are designed to showcase the trade body’s retailand supplier members to potential customers browsing...
Marketing Dec 15, 2015 Rapaport News
walmart counter
Walmart Adds In-Store Payment Feature to Mobile App
Walmart has introduced a new payment feature onits mobile app that allows customers to pay for goods in-store using asmartphone.The U.S. retail giant is the only retailer tooffer its own payment solution that...
Retail Dec 10, 2015 Rapaport News
Computer Laptop E-Commerce ecommerce e commerce cr
Number of People Shopping on Cyber Monday Forecast to Drop
Cyber Monday’s online shopper count was expected to fall 4.6percent from a year ago as internet saleshave become more spread out throughout the holiday season, the National RetailFederation said.About 121 million people, or 49.5...
Retail Dec 01, 2015 Rapaport News
NRF - Black Friday
More Online than In-Store Shoppers on Black Friday: NRF
The number of shoppers online during the Black-Fridayweekend exceeded those buying in bricks-and-mortar stores, reflecting a “newtradition” of internet-based purchasing during the key retail period, the National RetailFederation (NRF) said.About 103 million people in the...
Retail Nov 30, 2015 Rapaport News
Amazon to Offer 70% Discounts on Diamond Jewelry for Black Friday Week
Amazon.com will offer discounts of as much as 70 percent on selected diamond jewelry as part of its promotions for Black Friday, it said in a press statement. Other deals include up to 50 percent off selected luxury watches for women.The U.S.e-commerce giant’s...
Retail Nov 18, 2015 Rapaport News
Alibaba Settles $5bn on Alipay in First 90 Minutes of ‘Singles Day’
Five billion dollars were settled through third-party onlinepayment platform Alipay in the first hour and a half of the ‘Singles Day,’ anannual Chinese festival for bachelors, Alibaba Group said in a statement.Sales to the tune of $3.9...
Retail Nov 11, 2015 Rapaport News
Royal Asscher Logo
Royal Asscher, Helzberg Join Hands to Introduce World-Famous Diamond Collection
Illustrious Diamond cutter Royal Asscher and retailer HelzbergDiamonds haveformed apartnership to introduce a preciousstones collection online and in 40 Helzberg retail stores in the U.S.The Royal Asscher Brilliant Cut and Royal Asscher HelzbergDiamonds repertoire was...
Retail Oct 19, 2015
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