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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
Macy's
Fine Jewelry a Bright Spot for Macy’s
Macy’s noted strong sales of higher-end jewelry during theholiday season, though lower-priced items were weaker. Fine jewelry was one of seven categories the retailerhighlighted for their positive performances during November and December.However,...
Retail Jan 10, 2019 Rapaport News
Jewelry shopping.
Jewelers Upbeat About January Sales
Whoever considered the holiday season over might need tothink again: Many jewelers are seeing just as much business during January asthey witnessed during the Christmas period, if discussions on a popularsocial-media forum are anything...
Retail Jan 09, 2019 Rapaport News
Academy 150
Rapaport Academy Launches Retail-Sales Courses
Rapaport Academy has created two online courses to helpretailers improve their digital marketing and sales. The e-learning platform launched the new programs inresponse to retailers’ requests for extra resources to help their online...
Retail Jun 27, 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
Alrosa mine trucks
Alrosa Mulls Raising Output Target
Alrosa may increase its sales and production forecasts forthis year following strong rough-diamond demand in the first five months,particularly from Indian buyers, the company said.Manufacturers’ resurgent appetite for rough helped the...
Mining Jul 03, 2017 Rapaport News
Argyle Mine Processing Center
Rio Tinto Diamond Sales Lag Behind Market
Rio Tinto’s diamond revenue slid 12 percent last year evenas global rough demand strengthened. Sales of diamonds dropped to $613 million, the companyreported. Earnings before interest, tax, depreciation andamortization (EBITDA) fell 18 percent to $239...
Mining Feb 08, 2017 Rapaport News
boucheron
Kering Watch Sales Lag in Tough Market
Kering’s jewelry brands outperformed watches in thefirst half as revenue from timepieces extended a decline amid a challenging marketenvironment.Watch and jewelry sales fell 4.4 per cent from a year ago to an estimated $390 million (EUR 349...
Retail Aug 01, 2016 Rapaport News
Cartier
Jewelry Demand Propels Richemont to Growth
Richemont’s jewelry sales in the past fiscal year jumped afterstrong demand outweighed a decline in appetite for watches.Revenue from the Geneva-based luxury group’s jewelry “maisons” jumped 7 percent to $6.79billion (EUR 6.05 billion) in the fiscal...
Retail May 22, 2016 Rapaport News
Chow Tai Fook
Chow Tai Fook Profit Set to Slump
Chow Tai Fook warned profit is expected to plummet 40 to 50percent in the fourth fiscal quarter because of weaker consumer sentiment inGreater China. Gross profit margin was negatively affected by theunrealized hedging loss on gold loans versus...
Retail May 15, 2016 Rapaport News
Signet Jewelers
Signet’s 4Q Revenue +5% on Strong Diamond Fashion Jewelry Sales
Signet Jewelers reported revenue rose 5.1 percent to $2.39billion in its fourth fiscal quarter on strong diamond fashion jewelry sales inthe Sterling Jewelers and Zale divisions.In the 13weeks to January 30, the average transaction...
Retail Mar 28, 2016 Rapaport News
Blue Moon
Sotheby’s 2015 Revenue Climbs but Profit Slumps
Sotheby’s reported revenue increased 2.5 percent to $961.5million in 2015. However, profit dived 63 percent to $43.7 million because of anumber of charges recorded in the year including a $65.7 million non-cashincome tax charge and a $23.6 million after-tax...
Retail Feb 28, 2016 Rapaport News
boucheron
Kering’s 2015 Revenue +15%, Jewelry Sales Strong
Luxury group Kering reported revenue jumped 15percent to $12.89 billion (EUR 11.58 billion) in 2015 on “brisk” sales and an improvedoperating performance. The increase was 4.6 percent on a comparable basis.Profit surged 32 percent to $774.7 million.Watches andjewelry...
Retail Feb 21, 2016 Rapaport News
michael hill
Michael Hill's FY Sales +3% to $366M
Michael Hill International reported that sales rose 3.4 percent year on year to $366 million (AUD 495.6 million) for the year that ended on June 30. Same-store sales improved only 0.7 percent. In Australia,...
Financial-Legal Jul 17, 2015 Jeff Miller
Jewelry
U.S. Jewelry, Watch Sales Flat in May
U.S. jewelry and watch sales across all channels were flat in May, up just 0.4 percent year on year, at $7.1 billion as estimated from preliminary government figures. According to Rapaport News calculations, jewelry sales rose...
Research Jun 25, 2015 Jeff Miller
kahn
Kahn Joins Scott Kay as Director of Brand Management
Scott Kay appointed Kelly Lyn Kahn as its director of brand management. Previously, Kahn held the position of global brand manager at Safilo USA, where she developed product, brand and marketing strategies for a variety...
Marketing Jun 24, 2015 Jeff Miller
mouawad
Sales Associates Greatly Influence Wealthy Shoppers' Jewelry Purchases
Sales associates wield great purchasing influence over wealthy shoppers who visit a jeweler, according to proprietary research by the Luxury Institute, which measured buying habits across seven product categories. Furthermore, only a minority of wealthy...
Research Jun 23, 2015 Jeff Miller
Jewelry
U.S. Jewelry, Watch Sales -2% in April
U.S. jewelry and watch sales across all channels fell 1.5 percent year on year to $5.427 billion in April, as estimated from preliminary government figures. According to Rapaport News calculations, jewelry sales dropped 1.4 percent...
Research Jun 02, 2015 Jeff Miller
tiffany store
Tiffany & Co.'s Sales -5%, Profit -17% in 1Q
Tiffany & Co.'s revenue fell 4.9 percent year on year to $962.4 million in the first quarter that ended on April 30. Same-store sales fell 7 percent. Cost of sales declined 6.9 percent to $393.4 million and...
Financial-Legal May 27, 2015 Jeff Miller
van cleef arpels
Richemont's FY Revenue +4%, Profit -36%
Richemont's revenue increased 3.9 percent year on year to $11.5 billion (EUR 10.41 billion) in the year that ended on March 31. Sales measured at constant-exchange rates rose 1 percent. Revenue from the retail division rose...
Financial-Legal May 22, 2015 Jeff Miller
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