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Signet Sees Surge in Holiday E-Commerce Sales
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Signet Jewelers reported a positive holiday season as soaring online sales helped compensate for the pandemic’s adverse impact on store traffic.Revenue was flat year on year at $1.8 billion for the nine weeks ending January...
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Retail
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Jan 14, 2021
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Rapaport News
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Tiffany Holiday Sales Reach All-Time High
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Sales at Tiffany & Co. rose 2% during the holiday season as the US jeweler benefited from sharp growth in China and a surge in online demand.Revenue in the Asia-Pacific region jumped 20% year on year in November and December,...
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Retail
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Jan 06, 2021
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Rapaport News
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India Rushes to Meet US Holiday Demand
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Indian diamond manufacturers are planning a curtailed Diwali break as they scramble to fulfill US holiday orders amid a shortage of polished.Factories will shut for five to 12 days instead of the usual two to three weeks, aiming to offset months...
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Manufacturing
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Oct 22, 2020
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Joshua Freedman
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Signet Raises Forecast Following Strong Holiday
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Sales at Signet Jewelers increased during the holiday season, prompting the retailer to raise its full-year outlook.Same-store sales — at branches open for at least a year — increased 1.6% for the nine weeks ending January 4, while...
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Retail
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Jan 16, 2020
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Rapaport News
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J.C. Penney Expects Strong Holiday for Jewelry
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J.C. Penney’s comparable jewelry sales grew in the thirdfiscal quarter, prompting management to predict a furtherincrease for the holiday shopping period.“We had a strong third quarter of positive comps [comparable sales] from finejewelry, and we expect...
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Retail
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Nov 13, 2017
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Rapaport News
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Research
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Nov 19, 2014
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Jeff Miller
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Research
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Nov 13, 2014
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Jeff Miller
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Affluent Consumers Signal Trouble for Christmas Sales
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The Luxury Consumption Index (LCI), a propriety survey of the top 20 percent of wealthy U.S. households, plummeted to 46.4 points in October -- the lowest level since the great recession, according to Unity Marketing. And with such...
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Research
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Nov 06, 2014
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Jeff Miller
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Wealthy View Jewelry, Watches as 'Earned Asset'
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The Survey of Affluence and Wealth, published by Time Inc. and YouGov, revealed that the jewelry and watch category made the top five gift list for Christmas season 2014 as 30 percent of affluents selected...
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Research
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Nov 05, 2014
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Jeff Miller
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Research
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Oct 20, 2014
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Jeff Miller
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Retail
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Oct 08, 2014
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Jeff Miller
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U.S. Jewelry Store Sales +11% to $3B
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U.S. jewelry store sales jumped 11.2 percent year on year in November to $3.008 billion, according to the latest government calculations. Meanwhile, the U.S. consumer price index (CPI) for jewelry during the month was...
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Research
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Jan 14, 2014
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Jeff Miller
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Tiffany & Co.'s Christmas Sales +4% to $1B
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Tiffany & Co. reported that sales increased 4 percent year on year to $1.03 billion during the Christmas season, which included the months of November and December. Comparable-store sales rose 6 percent. Revenue from stores...
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Financial-Legal
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Jan 10, 2014
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Jeff Miller
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Zale's Christmas Season Sales -2% to $556M
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Zale Corporation reported that revenue fell 1.9 percent year on year to $556 million for the Christmas season, which included the months of November and December. However, same-store sales rose 0.7 percent and...
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Financial-Legal
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Jan 10, 2014
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Jeff Miller
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U.S. Chain-Store Sales +3%
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U.S. chain-store sales rose 3 percent year on year for the week that ended on December 28, according to the International Council of Shopping Centers (ICSC) and Goldman Sachs. Week-to-week comparable-store sales improved 1 percent as consumers...
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Research
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Dec 31, 2013
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Jeff Miller
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Retail
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Dec 26, 2013
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Jeff Miller
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Marketing
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Dec 18, 2013
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Jeff Miller
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Retailers Predict a Surge in Seasonal Fraudulent Returns
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The National Retail Federation (NRF) estimated that fraudulent merchandise returns at the nation's retailers in 2013 will decline slightly, by just 0.6 percent year on year, to $8.76 billion. However, fraudulent returns for the Christmas...
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Financial-Legal
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Dec 06, 2013
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Jeff Miller
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U.S. Consumers Plan Reduced Spending for Christmas
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The National Retail Federation (NRF) released its annual Christmas-season consumer survey, which revealed that 91.7 percent of U.S. consumers celebrate a fourth-quarter holiday, with 94.8 percent celebrating Christmas, while 6.5 percent celebrate...
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Research
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Oct 16, 2013
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Jeff Miller
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Deloitte Forecasts U.S. Christmas Retail Sales to Top 4%
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Deloitte's retail and distribution practice expects U.S. Christmas-season retail sales to increase between 4 percent and 4.5 percent year on year in the range of $963 billion to $967 billion. The consulting firm defined the shopping...
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Research
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Sep 23, 2013
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Jeff Miller
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