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US Retail Sales See Record Decline
US retail sales saw the largest monthly drop ever recorded, as stores were ordered to shut down amid the COVID-19 pandemic.Total purchases fell 6% year on year in March, and 9% compared to February, according to data the National...
Retail Apr 16, 2020 Rapaport News
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
Jean Z. Poe 150
Why You Should Discount Discounting
It used to be that price was determined by supply anddemand. That’s no longer the case; price is now used as a marketing tool todrive sales. In a world dominated by the likes of Amazon and Zara, today’sconsumer is motivated by low prices and...
Retail Jul 16, 2018 Jean Z. Poh
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
Walmart Appoints Judith McKenna as CEO
Walmart Appoints New International Chief
Judith McKenna will become the new president and CEO of Walmart International, the US retail chain’s second-largest operating section, replacing David Cheesewright. McKenna will continue in her current role as executive vicepresident and chief...
Retail Jan 18, 2018 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
Cartier Walmart USD18k watch
Cartier Insists Walmart Not Authorized Distributor
Cartier said Walmart is not one of its official retailers anddistanced itself from an $18,000 diamond watch sold online by the departmentstore on Black Friday.Walmart lists the Cartier Roadster XL Chrono men’s timepieceon its ecommerce site,...
Retail Nov 30, 2016 Rapaport News
Black Friday Walmart
Cyber Growth Pushes Cyber Monday to Cyber Week
Retailers are promoting the days immediately afterThanksgiving as ‘Cyber Week’ as the key online shopping day has ballooned intoan extended retail bonanza.While in previous years Black Friday and Cyber Monday each lasted24 hours,...
Retail Nov 24, 2016 Rapaport News
walmart counter
Walmart Plans to Close 269 Stores after Root-and-Branch Review
Walmart plans to close a total of 269 stores inthe U.S. and globally following a reviewof almost all of its outlets worldwide that took into account factors such asfinancial results and strategic alignment with long-term...
Retail Jan 17, 2016 Rapaport News
walmart counter
Walmart Adds In-Store Payment Feature to Mobile App
Walmart has introduced a new payment feature onits mobile app that allows customers to pay for goods in-store using asmartphone.The U.S. retail giant is the only retailer tooffer its own payment solution that...
Retail Dec 10, 2015 Rapaport News
Shopping Mall
U.S. Consumers Need to Hear From Socially Responsible Retailers
The third annual Conscious Consumer Spending Index, which measures U.S. consumers' appetite for corporate social responsibility, found that 32 percent of shoppers intend to spend more with socially responsible companies this year. The...
Research Apr 09, 2015 Jeff Miller
Walmart Names Brewer as President of Sam's Club
Wal-Mart Stores Inc. announced the promotion of Rosalind G. Brewer to president of Sam's Club effective February 1. Brewer, 49, was most recently president of the Walmart U.S. eastern business unit, where she was responsible for...
Retail Jan 20, 2012 Jeff Miller
Jewelry Sales India
Foreign Investment in Retail to Create 10M Jobs in India
India's Union Minister for Commerce and Industry, Anand Sharma, expects the Union Cabinet to decide to permit foreign direct investment (FDI) into multi-brand retail in the country will create 10 million new jobs, including...
Retail Nov 28, 2011 Dilipp S Nag
STORES Magazine
STORES Magazine Lists Top 100 Retailers
STORES magazine listed its annual ''Top 100 Retailers,'' based upon revenue, and noted little in the way of any change to the list from one year ago. Of those retailers that sell jewelry, Walmart...
Research Jul 05, 2011 Ricci Dipshan
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