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Tiffany blue box
Tiffany Profit Soars as China Recovers
Tiffany & Co. reported a sharp jump in profit in the third fiscal quarter as sales in China surged and consumer spending shifted to higher-margin items.Net earnings rose 52% to $119 million in the three months ending October...
Retail Nov 24, 2020 Rapaport News
Mag cover story Nov 2020
Making the Most of the Holidays
It’s been a tumultuous year, and the upcoming holiday forecast has not eased concerns. Although sales are still expected to increase over last year, the margin is slim, according to AlixPartners. The consulting firm...
Retail Nov 23, 2020 Lara Ewen
De Beers Industry Services grading Surat
India Rushes to Meet US Holiday Demand
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...
Manufacturing Oct 22, 2020 Joshua Freedman
NRF Holiday Shopping 150
US Retail Sales on Recovery Path
US retail sales rose in September, marking the fourth straight month of year-on-year gains, and nearly doubling August’s increase, government data showed.Overall retail sales grew 5.4% compared to the same period last year, and...
Retail Oct 18, 2020 Rapaport News
Accenture 150
Shoppers Seek Luxury Products for Holidays
More than half of consumers plan to treat themselves and others to luxury products this year during the holidays, feeling that indulgence is important at this time, according to a survey by Accenture.This comes despite the fact that...
Retail Oct 07, 2020 Rapaport News
NRF 150
US Retailers Plan Longer Holiday Season
A number of US retailers will launch their holiday sales earlier this year as a way to prevent overcrowding by last-minute shoppers and minimize health and safety risks.“Retailers are prepared for an early start to the shopping season, offering...
Retail Oct 04, 2020 Rapaport News
Zales
Signet Raises Forecast Following Strong Holiday
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...
Retail Jan 16, 2020 Rapaport News
Intersection in front of Tiffany Fifth Avenue
Tiffany Holiday Revenue Rises as US Recovers
Tiffany & Co. noted a “momentum shift” in the Americas during the holidays, as growth in the region contributed to an overall increase in sales for the season.Company-wide revenue climbed by 1% to 3% year on year for the period from November...
Retail Dec 26, 2019 Rapaport News
Tiffany
Podcast: Good Holiday, Bad Holiday
The first Rapaport Diamond Podcast Short looks at theholiday season just gone, following a mixed bag of sales results from themajors.Signet Jewelers and Tiffany & Co. both reported a dropin revenues for the crucial...
Retail Jan 22, 2019 Rapaport News
Holiday diamond
Now’s Too Late to Start Courting Retailers
Will the holiday season bring joy to wholesalers andmanufacturers? Traditionally, the industry looks to the fourth quarter to turna profit, but some are taking a longer view in hopes of making the holidayspart of a 12-month business.“All barometers...
Retail Nov 26, 2018 Joyce Kauf
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
Signet 150
Signet Holiday Sales Disappoint
Signet Jewelers’ holiday sales fell 3% as issues relating to outsourcing its credit transactions adversely impacted the business. Signet in October sold its prime credit program to Alliance Data Systems for $960 million, meaning that...
Retail Jan 10, 2018 Rapaport News
Holiday shopping retail
Retail Enjoying Impressive Season
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...
Retail Dec 17, 2017 Rapaport News
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
Real is a Diamond image Nov 2017
New Diamond Ads Refocus on Love Moments
The Diamond Producers Association (DPA) has shifted to shortervideo advertisements for the holiday season as it aims to market diamonds bycapturing precious moments in couples’ relationships.Rather than telling more involved stories, as the DPA’sinitial videos did,...
Marketing Nov 20, 2017 Rapaport News
JCPenney jewelry rebrand 2017
J.C. Penney Expects Strong Holiday for Jewelry
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...
Retail Nov 13, 2017 Rapaport News
Tiffany
Tiffany Unveils New York Pop-Up Stores
Tiffany & Co will open small-scale stores in two key NewYork locations in time for the holiday season, as the luxury jeweler targets tourists to boost lagging sales. The concept stores will open in RockefellerCenter and...
Retail Oct 30, 2017 Rapaport News
Tiffany - must attribute to Newscast
Trump Protests Disrupt Tiffany Holiday Sales
Tiffany & Co reported holiday sales declined 4 percent to $483million in the Americas amid weaker consumer spending and protests outsidethe jeweler’s flagship New York store.Comparable-store sales also fell 4 percent in the Americas during the...
Retail Jan 17, 2017 Rapaport News
Shopping Mall
NRF Reports Some Holiday Cheer
Holiday retail sales rose 4 percent driven by anaccelerated economic recovery even as certain large chain stores reported lowertraffic, according to separate reports from the National Retail Federation (NRF) andMasterCard.The NRF said total U.S....
Retail Jan 16, 2017 Rapaport News
Birks Group Vancouver store
Birks Holiday Sales Defy U.S. Jewelry Dip
Birks Group reported comparable-store sales grew 11 percent in a record holiday season for the retailer as the average spend per shopper rose and agreater proportion of store visits translated into purchases.Comparable-store sales jumped 16 percent...
Retail Jan 15, 2017 Rapaport News
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