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Alibaba Sees Record Singles’ Day Sales
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Singles’ Day has continued to grow as a major onlineshopping occasion in China, with Alibaba Group reporting record sales through itse-commerce sites. The total value of transactions on the Chinese retailgiant’s platforms rose 26% to CNY 268.4...
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Retail
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Nov 12, 2019
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Rapaport News
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Costco Sells $220,000 Diamond Ring
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Costco sold a diamond ring worth $220,000 in the fourth fiscal quarter, the membership-based warehouse retailer saidearlier this month. Executivevice president and chief financial officer Richard Galanti confirmed thesale during the company’s...
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Retail
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Oct 16, 2019
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Rapaport News
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Net-a-Porter to Debut VIP-Only Site
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High-end online retailer Net-a-Porter isset to launch an invitation-only digital platform, selling exclusive jewelry toits most loyal members. From later this month, customers whohave been awarded EIP (Extremely Important People) status by Net-a-Porter...
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Retail
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Jul 04, 2019
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Rapaport News
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Signet Revenue Drops in First Quarter
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Signet Jewelers has lowered its sales outlook for the restof the year, after revenue fell in the first fiscal quarter. Total sales declined 3.3% to $1.43 billion in the threemonths ending May 4, the...
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Retail
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Jun 06, 2019
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Rapaport News
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Signet Fixes Data Issue at Kay, Jared
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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...
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Retail
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Dec 05, 2018
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Rapaport News
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Israel Trade Signs Alibaba Consumer Deal
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The Israel Diamond Exchange (IDE) has expanded its collaborationwith Alibaba by introducing sales directly to Chinese consumers. Israeli diamonds will be available as loose stones on Ali Auction, the Asian e-commercegiant’s luxury platform, the IDE...
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Retail
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Oct 18, 2018
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Rapaport News
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Jewelers Cheer Online-Sales-Tax Ruling
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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....
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Retail
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Jun 24, 2018
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Rapaport News
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US, Asia Troubles Hit Pandora Sales
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Pandora’s revenue fell in the first quarter as the jewelryretailer suffered from weakness in its US stores and a slowdown in China. Global sales slipped 1% year on year to $812.2 million (DKK 5.12 billion) for the January-to-March period,...
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Retail
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May 17, 2018
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Rapaport News
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Blue Nile Names New Merchandising Head
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Blue Nile has appointed Katie Zimmerman as chiefmerchandising officer, a role that entails overseeing bridal and fashionjewelry. “Katie brings a unique eye and thoughtful analysis tomerchandising,” said CEO Jason Goldberger, to whom Zimmerman will...
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Retail
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Mar 22, 2018
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Rapaport News
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Israel Bourse Strikes Deal with Alibaba
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The Israel Diamond Exchange (IDE) will launch a partnershipwith Chinese e-commerce giant Alibaba Group, enabling traders to sell goods onlineto businesses and consumers in global markets.Some 150 bourse members have formed an online store...
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Technology
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Jan 25, 2018
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Joshua Freedman
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Retail Enjoying Impressive Season
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US retail sales have increased so far this holiday season, as an improving job market has spurred consumer confidence, according to surveys by government and private-sector organizations. Sales across all retail categories grew 6.3% year on year...
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Retail
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Dec 17, 2017
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Rapaport News
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Mobile Drives Singles’ Day Sales Beyond $25B
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Shoppers bought $25.3 billion worth of merchandise through e-commerceplatform Alibaba during Singles’ Day, the China-based company reported Sunday. The figures marked a 39% increase over last year’s numbersfor the Chinese shopping holiday,...
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Retail
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Nov 13, 2017
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Rapaport News
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E-commerce Site Aggregates Small Jewelers’ Stocks
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Bright Society, a new watch-and-jewelry website,launched earlier this month, providing a platform on which small, independent jewelersacross the US can sell items directly to consumers.The site aggregates jewelers’ collections, enabling customersto find a broad range of fine...
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Retail
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Oct 18, 2017
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Rapaport News
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Chow Tai Fook Picks Online Sales Partner
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Chow Tai Fook has joined forces with Chinese online retail giantJD.com, which will become the jeweler’s preferred internet sales channel.JD.com claims to be the largest Chinese e-commerce companyby revenue, with 2016 sales...
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Retail
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May 10, 2017
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Rapaport News
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Retail
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Nov 19, 2015
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Rapaport News
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Retail
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Nov 18, 2015
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Rapaport News
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$10B Settled on Alipay by Afternoon of Singles Day
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Ten billion dollars were settled through third-partyonline payment platform Alipay on Alibaba’s Chinaand international retail marketplaces as of 2.05pm China time on ‘Singles Day,’the Chinese e-commerce giant said November 11. Of this, 70 percent was from...
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Retail
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Nov 12, 2015
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Rapaport News
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Retail
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Oct 28, 2015
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Rapaport News
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Retail
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Oct 25, 2015
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Rapaport News
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Retail
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Oct 25, 2015
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Rapaport News
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