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Overstock Adds Bidz Inventory to 'Jewelry Liquidation Vault'
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Press Release: In a move reminiscent of the founding days of Overstock.com (Nasdaq:OSTK), the online shopping site and liquidation pioneer has purchased the entire inventory of online jewelry company Bidz.com, out of foreclosure."We don't want to lose...
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Gemstones
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Oct 28, 2014
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Overstock
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Bidz.com's Revenue -27%, Loss Narrows 8% in 2Q
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Bidz.com reported that its revenue declined nearly 27 percent year on year to $14.7 million, with wholesale merchandise sales of $866,000 and merchandise sales of $13.7 million for the second quarter that ended on June 30....
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Financial-Legal
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Aug 16, 2012
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Jeff Miller
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Bidz Vows to Appeal Nasdaq Delist Order
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The Nasdaq notified Bidz.com of being out of compliance and not meeting requirements for independent director and audit committee composition rules. Because of this the company could be delisted from the stock exchange. Bidz.com...
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Financial-Legal
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May 25, 2012
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Ricci Dipshan
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Glendon Group to Acquire Bidz.com
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Bidz.com entered into an agreement with Glendon Group Inc., which will take the online retailer private in an all cash acquisition of 78 cents per share. The share price represents a premium of 59.2 percent over the...
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Financial-Legal
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May 18, 2012
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Jeff Miller
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Bidz's 1Q Revenue -27%, Loss Widens to $1M
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Bidz.com reported that its net revenue dropped 27 percent year on year to $18.1 million for its first quarter that ended on March 31. The online retailer reported a net loss of $1.48 million, up from a loss...
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Financial-Legal
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May 14, 2012
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Jeff Miller
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Bidz.com's Loss Grows to $7M in 2011
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Bidz.com reported merchandise sales fell 19 percent year on year to $79.1 million, while wholesale sales rose almost 9 percent to $6.8 million for the fiscal-year that ended on December 31. The online retailer reported a net...
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Financial-Legal
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Mar 16, 2012
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Jeff Miller
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Bidz's 3Q Sales -7%
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Bidz.com reported weaker results for its third quarter that ended on September 30, 2011. Total revenue from bidz.com and Mondnique.com fell 7.1 percent to $20.3 million. The company reported a net loss of $1.5...
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Financial-Legal
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Nov 07, 2011
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Jeff Miller
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Diamond News Broadcast
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ShopNBC sales rose 5% to $132 million in second quarter, still the group reported a loss of $4.5 million, but this was a 42 percent improvement. The network observed a shift in consumer demand away from high-ticket, low-margin electronics...
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Bidz.com Refreshes Website Design
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Bidz.com relaunched its website, with new features including improved search options, top brand navigation and an enhanced checkout process, the company reported. "We believe the new website will help increase conversion...
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Retail
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Mar 21, 2011
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Deena Taylor
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Bidz.com Posts 2Q Loss
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/ Online jewelry retailer Bidz.com reported a net loss of $653,000 for the second quarter that ended on June 30, 2010, compared with the net income of $693,000 it posted for the previous year.The retailer's net revenues dropped 5 percent year on year to $25.7 million in line with previous...
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Retail
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Aug 10, 2010
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Avi Krawitz
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Rapaport Weekly Market Report 07/23/2010
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Between the LinesRough Market: Letseng’s Production Falls, While Prices Remain Stable Prices for rough from Gem Diamonds’ Letseng mine, considered to yield the diamonds with the highest per-carat value in the world, remained essentially stable in the second quarter of 2010, compared to the first,...
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Research
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Jul 23, 2010
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Avi Krawitz
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Rapaport Weekly Market Report 06/04/10
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Between the LinesRough Market: Harry Winston Expects Mining Unit to FluctuateHarry Winston Diamond Corporation reported that its mining unit saw rough diamond sales drop 15 percent year on year to $48.9 million in the first quarter that ended on April 30, 2010. The decline came despite...
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Research
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Jun 04, 2010
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Avi Krawitz
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Retail Bulletin
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Consumer Confidence UpThe Conference Board Consumer Confidence Index® increased to 63.3 in May 2010 from 57.7 in April, its third consecutive monthly gain. Lynn Franco, the director of the Conference Board Consumer Research Center, commented that the Index “appears to be gaining some traction.” Consumers saying...
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Retail
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Jun 01, 2010
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Rapaport
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Market Comments 5/20/2010
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Trading slow due to holidays in Israel and India. Industry hoping JCK Vegas show will signal U.S. recovery. Growing concern over rough speculation as shortages and high prices continue to reduce cutter margins. India’s Su-Raj Diamonds 4Q sales +24% to $201m, profits +342% to $6.3m. Bidz.com 1Q revenue...
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Polished Markets
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May 20, 2010
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Mining
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May 20, 2010
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Rapaport
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Bidz.com's 1Q Revenue -10%
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Bidz.com reported that its revenue fell 9.6 percent to $28.2 million in the first quarter that ended on March 31, 2010, although the online jewelry auction site maintained its costs at $21 million. Still, even though it kept its costs in check, Bidz.com reported a net loss...
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Retail
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May 14, 2010
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Jeff Miller
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Mining
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Apr 15, 2010
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Rapaport
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FTC Drops Enforcement Action Against Bidz.com
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Bidz.com reported that the Federal Trade Commission (FTC) has decided not to recommend an enforcement action against its email marketing practices. The FTC launched an investigation in May into the online jewelry retailer's compliance with various provisions of the Controlling the Assault of Non-Solicited Pornography and...
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Retail
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Apr 11, 2010
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Avi Krawitz
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Retail Bulletin
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The consumer price index (CPI) for jewelry in the U.S. was flat in February 2010 compared with one year ago, according to data provided by the Bureau of Labor Statistics (BLS). The February reading of 155.533 points was 0.074 points lower than in 2009, representing the first...
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Retail
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Apr 01, 2010
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Rapaport
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Rapaport Weekly Market Report, 03/12/10
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Between the LinesMining: Argyle-Dependent Australia Sees Diamond Production Fall Australia’s diamond production continues to rely heavily on Rio Tinto’s Argyle mine. While total diamond production during the three months that ended on December 31, 2009 fell 34 percent to 3.558 million carats, according to the Australian...
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Research
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Mar 12, 2010
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Avi Krawitz
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