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Tara Jewels
Tara Jewels Files for Chapter 11
Tara Jewels LLC and parent company Tara Jewels Holdings havefiled for bankruptcy, each listingbetween $10 million and $50 million in outstanding liabilities. Wholesaler Tara Jewels LLC currently claims to have between$500,000 and...
Retail Jun 26, 2019 Rapaport News
JC Penney
Jewelry Shines for Macy’s, J.C. Penney
Macy’s and J.C. Penney noted strong sales in their jewelrydivisions in the first fiscal quarter, even as overall results showed a downward trend. “Our fine-jewelry business continues to deliver strong salesresults,” J.C. Penney chief financial...
Retail May 22, 2019 Rapaport News
Macys Atlanta Georgia
Jewelry a Top Seller at Macy’s, J.C. Penney
Macy’s and J.C. Penney noted strong sales in their jewelry divisions in the fourth fiscal quarter, even as overall results disappointed.Macy’s also said it would implement a new strategy to focus on the category, as well as other products...
Retail Feb 28, 2019 Rapaport News
JCPenney Richline Grown with Love
Major US Retailers Embrace Synthetic Diamonds
Lab-grown diamonds will feature at some of the largest US retailers this holiday season, with J.C. Penney, Macy’s and Jewelry Television (JTV) anticipating strong growth in the category. Berkshire Hathaway subsidiary Richline Group will...
Retail Nov 01, 2018 Rapaport News
Loupe & Polished diamonds
Diamond Prices Soften Ahead of Hong Kong Fair
RAPAPORT PRESS RELEASE, September 4, 2018, New York… Diamond prices dropped slightly in August due to slow trading during the summer vacation. The RapNet Diamond Index (RAPI™) for 1-carat diamonds fell 0.5% during...
Polished Markets Sep 04, 2018 Rapaport
NRF 150
US Retail Sales Up in July, Says NRF
US retail sales increased in July, as consumers continued tospend despite fears over the escalating trade war. Total purchases — excluding automobiles, gasoline andrestaurants — rose 0.4% over June sales and 4.9% year on year, accordingto...
Retail Aug 19, 2018 Rapaport News
Macy’s
US Retailers See Robust Jewelry Results
Jewelry sales were strong at Macy’s and J.C. Penney in thefirst fiscal quarter, the companies said. “Fine jewelry was a standout performer, including ourproprietary Star Signature Diamond Collection,” Macy’s CEO Jeffrey Gennettesaid last...
Retail May 21, 2018 Rapaport News
Karl Walsh Pandora 150
Pandora to Focus on E-Commerce
Pandora has hired Karl Walsh as its senior vice president ofglobal e-commerce in an effort to improve online sales and customer experience. Walsh (pictured), who has previously worked atAccenture and McKinsey, will be responsible for...
Retail Mar 15, 2018 Rapaport News
Nirav Modi store
What We Know About Nirav Modi’s US Companies
The $2 billion fraud allegations against Indian jewelrytycoon Nirav Modi and Gitanjali Gems chief Mehul Choksi have shocked theindustry, as well as raising questions about the wider impact on the trade.One of the first casualties...
Financial-Legal Mar 07, 2018 Joshua Freedman
James Starke J.C. Penney
J.C. Penney Appoints Jewelry Merchandising Head
J.C. Penney has named James Starke head of merchandising forthe jewelry, men’s, children’s and home departments, the retailer said lastweek. The retailer has also promoted Jodie Johnson to head ofmerchandising for the...
Retail Mar 05, 2018 Rapaport News
J.C. Penney jewelry
J.C. Penney Sees Strong Jewelry Demand
J.C. Penney’s comparable-store jewelry sales jumped by atleast 10% in the fourth fiscal quarter, rounding off a strong year of growth,CEO Marvin Ellison said. Jewelry sales increased by that key measure in every quarterof the fiscal...
Retail Mar 04, 2018 Rapaport News
JCPenney
J.C. Penney’s Holiday Sales Jump
J.C. Penney saw a 3.4% increase in comparable-store sales — those at branches open forat least a year — during the holiday period, led primarily by strongperformances in the home, beauty and fine-jewelry sectors.The figures were for the...
Retail Jan 07, 2018 Rapaport News
Bull bear stocks
Five Takeaways from the Stock Market in 2017
In a year of soaring stock prices, US retail shares largely underperformed in 2017 as consumers (and investors) abandoned traditional shopping channels in favor of e-commerce platforms. As a result, familiar names such as J.C. Penney, Macy’s and Signet Jewelers slipped...
Retail Jan 01, 2018 Joshua Freedman
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
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
JC Penney smartwatches Oct 2017
Smart Watches to Boost JCPenney Jewelry Sales
JCPenney has launched a selection ofsmart watches in its stores as part of a re-branding of its jewelry department.Electronic timepieces from brands includingSamsung and LG will appear at 245 stores and on its e-commerce platform aheadof the holiday season,...
Watches Oct 22, 2017 Rapaport News
jcpenney
Jewelry Bolsters J.C. Penney Sales
J.C. Penney said jewelry was one of its stronger areas forsales in the first fiscal quarter, even as the retailer’s overall revenue fell.While the company did not release figures for the division,it said...
Retail May 15, 2017 Rapaport News
diamonds pearls
US Jewelry Stores Closing at Slower Rate
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...
Retail Apr 24, 2017 Rapaport News
JCPenney store
J.C. Penney Scales Back Physical Stores
J.C. Penney plans to close 130 to 140 stores this year,joining the list of major U.S. retailers downsizing their brick-and-mortarnetworks in the face of growing competition from ecommerce.The department-store chain will shut 13 to 14 percent of itsoutlets and...
Retail Feb 27, 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
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