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US Trade Continues to Downsize
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The US jewelry industry contracted in 2019 as the number of businesses closing shop continued to exceed new entrants.The sector shrank 3.3% to 24,565 companies active in the fourth quarter, compared with 25,400 a year earlier, according to data...
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Retail
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Jan 20, 2020
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Rapaport News
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Revamping the Retail Experience
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For Andrea Hansen, a Blue Nile ad that ran during the 2015 holiday season perfectly captures the problem with jewelry retail. In it, a young man is looking at engagement rings through the window of a mom-and-pop store...
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Retail
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Jan 02, 2020
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Jennifer Heebner
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Jewelry Businesses Closing at Higher Rate
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The US jewelry trade contracted in the third quarter, withthe rate of downsizing gaining speed after a slowdown over the past few months,data from the Jewelers Board of Trade (JBT) revealed. In the three months ending...
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Retail
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Oct 22, 2019
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Rapaport News
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Trade Bodies Relaunch Cost of Business Survey
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Jewelers of America (JA) has partnered with the Jewelers Board of Trade (JBT) to launch the Retail Jewelers Benchmarking Study, replacing the JA’s Cost of Doing Business Survey last published in 2015. The resulting report...
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Retail
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Sep 05, 2019
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Rapaport News
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JBT Names New President
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The Jewelers Board of Trade (JBT) has appointed Erich Jacobspresident. He will succeed Richard Weisenfeld, who is retiring. Jacobs joined JBT in 2018 as vice president of informationtechnology, JBT said lastweek. Weisenfeld first became acting presidentin...
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Polished Markets
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Aug 20, 2019
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Rapaport News
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Jewelry Business Closure Rate Drops
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The US jewelry trade contracted in the secondquarter, but the rate of downsizing has slowed, datafrom the Jewelers Board of Trade (JBT) revealed. In the three months ending June 30, 185 jewelry businessesexited the market,...
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Retail
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Jul 21, 2019
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Rapaport News
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Jewelry Business Closure Rate Slows
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The US jewelry trade continued to downsize in the first quarter, albeit at a slower pace than in previous years, data from the Jewelers Board of Trade (JBT) revealed. The number of jewelry businesses exiting the market dropped64%...
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Retail
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Apr 22, 2019
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Rapaport News
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US Jewelry Trade Continues to Shrink
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The US jewelry industry downsized further last year, as bankruptciesand closures outnumbered new arrivals to the sector, the Jewelers Board ofTrade (JBT) reported. The number of businesses on the JBT’s books fell 4.4% to25,102 in 2018,...
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Retail
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Jan 17, 2019
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Rapaport News
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US Jewelry Trade Shrinks by Nearly 5%
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The US jewelry industry contracted again in the thirdquarter as more businesses left the sector than joined it, according to theJewelers Board of Trade (JBT). The number of recorded jewelry businesses fell 4.7% versusthe same period...
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Retail
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Oct 21, 2018
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Rapaport News
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133 Jewelers Join Sector in First Half
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The number of new jewelry businesses in the US jumped 87% inthe first half of the year, even as the industry continued to shrink overall. A total of 133 companies entered the sector in the sixmonths to June 30, compared...
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Polished Markets
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Jul 19, 2018
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Rapaport News
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Jewelry Businesses Continue to Shutter
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The US jewelry trade has shrunk 4% since a year ago, accordingto data from the Jewelers Board of Trade (JBT). A total of 25,667 businesses were in operation in the firstquarter of this year, 1,141 fewer than in the same...
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Retail
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Apr 26, 2018
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Rapaport News
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JBT Makes President’s Post Official
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The Jewelers Board of Trade (JBT) has appointed RichardWeisenfeld as president, the industry group said Friday. Weisenfeld (pictured), who previously held executive positions at RivaPrecision Manufacturing, as well as at Pranda North America, has been actingpresident...
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Polished Markets
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Mar 25, 2018
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Rapaport News
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JBT Appoints New Chairman
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The Jewelers Board of Trade (JBT) has appointed MichaelKaplan as chairman, replacing Todd Wolleman, the group said last week. Kaplan (pictured) has been involved in the JBT for 20 years,and was previously first vice...
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Polished Markets
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Mar 21, 2018
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Rapaport News
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Comment: Making the Most of Memos
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Effective inventory management is vital in the challengingbusiness environment the jewelry industry is experiencing lately. Insufficientinventory can lead to lost sales; excess inventory ties up capital and incursfinance charges when merchandise is acquired with loans. For...
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Polished Markets
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Feb 21, 2018
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Robert A. Hoberman
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JBT Chief Anthony Capuano Retires
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Anthony Capuano (pictured) has retired from his role as president of TheJewelers Board of Trade (JBT) after 17 years with the group, it said Friday. Capuano began his career with the JBT as a board director in2000,...
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Financial-Legal
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Feb 05, 2018
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Rapaport News
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More Than 1,000 Jewelry Businesses Shut Last Year
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The US jewelry industry continued to downsize in 2017, with 26,031 businesses operating at the end of the year, down 4% from the previous year, the Jewelers Board of Trade (JBT) reported. Some 1,022 jewelry companies closed...
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Retail
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Jan 21, 2018
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Rapaport News
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US Jewelry Stores Closing at Slower Rate
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The shrinking of the US jewelry industry slowed in the firstquarter, as the number of shops shutting their doors dropped by 16%, accordingto the Jewelers Board of Trade (JBT).The decrease in jewelry store closings around the country —318...
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Retail
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Apr 24, 2017
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Rapaport News
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JBT Backs Chairman for Second Term
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The Jewelers Board of Trade (JBT) has reelected Todd Wollemanas chairman for another year, the industry organization said.Wolleman (pictured), of New York-based colored-stone specialist LeoWolleman, was first voted in a year ago and received...
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Polished Markets
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Apr 04, 2017
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Rapaport News
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Former JBT Chief Chosen as GIA Chair
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The Gemological Institute of America (GIA) elected industryveteran Dione Kenyon as chair of its board of governors.Kenyon (pictured), who recently retired as president and chiefexecutive officer of the Jewelers Board of Trade, will take over the role...
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Polished Markets
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Dec 04, 2016
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Rapaport News
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More U.S. Jewelers Close Shop in 3Q
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Jewelry business closures in the U.S. increased 31 percent to416 nationwide in the third quarter, according to data from the Jewelers Boardof Trade (JBT). Most companies had “ceased operations,” which means theyclosed for reasons...
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Financial-Legal
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Nov 15, 2016
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Rapaport News
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