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Tiffany Holiday Revenue Rises as US Recovers
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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...
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Retail
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Dec 26, 2019
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Rapaport News
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Michael Hill Sees Improved Holiday Results
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Michael Hill’s sales rose during the holiday period, buoyed bya shift in the company’s marketing strategy, it said Tuesday. The jeweler’s same-store sales — at branches open for at least a year— increased 1.3% year on year...
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Retail
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Jan 15, 2019
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Rapaport News
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Fine Jewelry a Bright Spot for Macy’s
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Macy’s noted strong sales of higher-end jewelry during theholiday season, though lower-priced items were weaker. Fine jewelry was one of seven categories the retailerhighlighted for their positive performances during November and December.However,...
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Retail
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Jan 10, 2019
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Rapaport News
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Jewelers Upbeat About January Sales
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Whoever considered the holiday season over might need tothink again: Many jewelers are seeing just as much business during January asthey witnessed during the Christmas period, if discussions on a popularsocial-media forum are anything...
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Retail
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Jan 09, 2019
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Rapaport News
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Rapaport Academy Launches Retail-Sales Courses
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Rapaport Academy has created two online courses to helpretailers improve their digital marketing and sales. The e-learning platform launched the new programs inresponse to retailers’ requests for extra resources to help their online...
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Retail
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Jun 27, 2018
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Rapaport News
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Tiffany Restores Growth in Strong Holiday Season
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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...
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Retail
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Jan 17, 2018
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Rapaport News
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Alrosa Mulls Raising Output Target
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Alrosa may increase its sales and production forecasts forthis year following strong rough-diamond demand in the first five months,particularly from Indian buyers, the company said.Manufacturers’ resurgent appetite for rough helped the...
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Mining
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Jul 03, 2017
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Rapaport News
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Rio Tinto Diamond Sales Lag Behind Market
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Rio Tinto’s diamond revenue slid 12 percent last year evenas global rough demand strengthened. Sales of diamonds dropped to $613 million, the companyreported. Earnings before interest, tax, depreciation andamortization (EBITDA) fell 18 percent to $239...
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Mining
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Feb 08, 2017
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Rapaport News
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Kering Watch Sales Lag in Tough Market
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Kering’s jewelry brands outperformed watches in thefirst half as revenue from timepieces extended a decline amid a challenging marketenvironment.Watch and jewelry sales fell 4.4 per cent from a year ago to an estimated $390 million (EUR 349...
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Retail
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Aug 01, 2016
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Rapaport News
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Jewelry Demand Propels Richemont to Growth
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Richemont’s jewelry sales in the past fiscal year jumped afterstrong demand outweighed a decline in appetite for watches.Revenue from the Geneva-based luxury group’s jewelry “maisons” jumped 7 percent to $6.79billion (EUR 6.05 billion) in the fiscal...
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Retail
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May 22, 2016
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Rapaport News
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Chow Tai Fook Profit Set to Slump
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Chow Tai Fook warned profit is expected to plummet 40 to 50percent in the fourth fiscal quarter because of weaker consumer sentiment inGreater China. Gross profit margin was negatively affected by theunrealized hedging loss on gold loans versus...
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Retail
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May 15, 2016
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Rapaport News
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Retail
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Mar 28, 2016
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Rapaport News
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Sotheby’s 2015 Revenue Climbs but Profit Slumps
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Sotheby’s reported revenue increased 2.5 percent to $961.5million in 2015. However, profit dived 63 percent to $43.7 million because of anumber of charges recorded in the year including a $65.7 million non-cashincome tax charge and a $23.6 million after-tax...
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Retail
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Feb 28, 2016
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Rapaport News
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Kering’s 2015 Revenue +15%, Jewelry Sales Strong
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Luxury group Kering reported revenue jumped 15percent to $12.89 billion (EUR 11.58 billion) in 2015 on “brisk” sales and an improvedoperating performance. The increase was 4.6 percent on a comparable basis.Profit surged 32 percent to $774.7 million.Watches andjewelry...
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Retail
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Feb 21, 2016
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Rapaport News
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Michael Hill's FY Sales +3% to $366M
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Michael Hill International reported that sales rose 3.4 percent year on year to $366 million (AUD 495.6 million) for the year that ended on June 30. Same-store sales improved only 0.7 percent. In Australia,...
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Financial-Legal
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Jul 17, 2015
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Jeff Miller
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U.S. Jewelry, Watch Sales Flat in May
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U.S. jewelry and watch sales across all channels were flat in May, up just 0.4 percent year on year, at $7.1 billion as estimated from preliminary government figures. According to Rapaport News calculations, jewelry sales rose...
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Research
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Jun 25, 2015
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Jeff Miller
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Kahn Joins Scott Kay as Director of Brand Management
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Scott Kay appointed Kelly Lyn Kahn as its director of brand management. Previously, Kahn held the position of global brand manager at Safilo USA, where she developed product, brand and marketing strategies for a variety...
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Marketing
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Jun 24, 2015
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Jeff Miller
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Research
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Jun 23, 2015
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Jeff Miller
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U.S. Jewelry, Watch Sales -2% in April
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U.S. jewelry and watch sales across all channels fell 1.5 percent year on year to $5.427 billion in April, as estimated from preliminary government figures. According to Rapaport News calculations, jewelry sales dropped 1.4 percent...
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Research
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Jun 02, 2015
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Jeff Miller
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Tiffany & Co.'s Sales -5%, Profit -17% in 1Q
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Tiffany & Co.'s revenue fell 4.9 percent year on year to $962.4 million in the first quarter that ended on April 30. Same-store sales fell 7 percent. Cost of sales declined 6.9 percent to $393.4 million and...
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Financial-Legal
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May 27, 2015
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Jeff Miller
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