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Amazon Cuts Fees for Jewelry Sellers
Online retail giant Amazon has implemented a new tieredreferral fee that will reduce the cost of selling jewelry and watches on itssite. The change will primarily apply to the retailer’s partnersoffering higher-priced luxury items,...
Retail Jun 12, 2019 Rapaport News
Adobe smartphone shopping credit Shutterstock 150
Mobile Shopping Drives Jump in Online Buying
US e-commerce sales grew 19% in the first five weeks of theholiday season, making it the biggest online-shopping period of all time,according to Adobe Analytics. Revenues came to $80.3 billion between November 1 andDecember 6, compared with $67.7 billion...
Retail Dec 16, 2018 Rapaport News
Amazon jewelry
Amazon Applies for Jewelry-Line Trademark
Online-shopping titan Amazon has filed a trademark application that mayindicate it is planning to create its own private-label jewelry collection.“For Keeps by Amazon,” which was filed at the US Patent andTrademark Office last week, is for “online retail...
Retail Sep 26, 2018 Rapaport News
Jean Z. Poe 150
Why You Should Discount Discounting
It used to be that price was determined by supply anddemand. That’s no longer the case; price is now used as a marketing tool todrive sales. In a world dominated by the likes of Amazon and Zara, today’sconsumer is motivated by low prices and...
Retail Jul 16, 2018 Jean Z. Poh
Sales Tax 150
Jewelers Cheer Online-Sales-Tax Ruling
US states can now collect sales taxes from online retailers,the nation’s Supreme Court has ruled.The court overturned a 1992 decision that exempted companiesfrom the duty if they didn’t have a physical presence in the state....
Retail Jun 24, 2018 Rapaport News
Digital Transformation of Jewelry Trade Dominates
Jewelers Focus on Digital at Inhorgenta
The digital transformation of the jewelry businesswas a major theme at Inhorgenta Munich, with jewelers speaking of the need toadapt to increased online retail sales. “One of the key challengesfaced by the industry is to win younger target groups...
Retail Feb 20, 2018 David Brough
Bull bear stocks
Five Takeaways from the Stock Market in 2017
In a year of soaring stock prices, US retail shares largely underperformed in 2017 as consumers (and investors) abandoned traditional shopping channels in favor of e-commerce platforms. As a result, familiar names such as J.C. Penney, Macy’s and Signet Jewelers slipped...
Retail Jan 01, 2018 Joshua Freedman
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
Amazon Prime Day Breaks Records
Amazon’s Prime Day sales surpassed Black Friday and CyberMonday as the online retailer reported 60% growth from last year.During the 30-hour shopping festival, the e-commerce groupoffered deals for members of Amazon Prime,...
Retail Jul 13, 2017 Rapaport News
Amazon Diamond Sales Shine this Holiday
Amazon sold 10,451 carats of diamonds this holidayseason, reporting that overall sales hit record levels during the period.The online retailer said its diamond sales were equivalent in volume termsto six and a half...
Retail Dec 28, 2016 Rapaport News
Donald Trump
JA: Trump Election Won't Impact Proposed Tax Bill
Trade body Jewelers of America (JA) said attempts to achievetax “fairness” in the U.S. should be unaffected by the Republican Party’scontinued control of the Senate.The tussle to pass the MarketplaceFairness Act will continue in 2017 and the Senate...
Retail Nov 13, 2016 Rapaport News
Amazon to Sell Synthetic Diamonds
Amazon.com is selling a line of lab-grown diamonds from ajoint venture between an entrepreneur and famed gem-cutting firm Royal Asscher.House of Eléonore, owned by founder Bernd Damme, RoyalAsscher and other investors, will sell blue, pink, yellow...
Retail Jun 29, 2016 Rapaport News
Amazon’s 4Q Sales +22%, Profit Disappoints
Amazon reported sales surged 22 percent year on year to $35.7 billion in the fourth quarter that ended December 31. Excluding the unfavorable impact of exchange-rate fluctuation, sales surged 26 percent. Sales were within guidance of $33.5...
Retail Feb 02, 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
NRF - Black Friday
Early Black Friday Figures Not Reliable Indicator of Actual Sales
Early Black Friday figures claiming to signal how well the holiday period is progressing should be ignored as initial numbers fail to accurately predict the actual sales, according to FiveThirtyEight.com.First round of news stories on Thursday evening or Friday...
Retail Nov 26, 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
Amazon.com Breaks Through to Top 10 Retailer List
Online retailer Amazon.com broke into the Top 10 of STORES Media's annual list of the Top 100 U.S. retailers, which was published in the July issue of STORES Magazine. The top retailer, of course, was Walmart...
Retail Jul 07, 2014 Jeff Miller
walmart counter
Temkin Experience Ratings Rank Amazon, Sam's Club at Top
U.S consumers ranked Sam's Club and Amazon.com at the top of the retail sector in the third annual Temkin Experience Ratings for customer service. Temkin surveyed 10,000 consumers to evaluate the services of 246 firms...
Marketing Mar 19, 2013 Jeff Miller
Amazon.com buy diamond jewelry logo
Amazon's Sales +29% But Profit -96% to $7M
Amazon.com reported revenue of $12.83 billion for the second quarter that ended on June 30, a year-on-year increase of 29 percent. Operating expenses, including cost of sales, marketing and administrative expenses, jumped 31 percent year on year to $12.73...
Financial-Legal Jul 26, 2012 Jeff Miller
Amazon's 1Q Revenue +34% But Profits -35%
Amazon.com reported product sales increased 29 percent year on year to $11.25 billion for the three months that ended on March 31 and consolidated sales rose 34 percent to $13.19 billion. Operating expenses during this first quarter...
Financial-Legal Apr 26, 2012 Jeff Miller
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