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Jewelry online ecommerce fraud e-commerce
Jewelry Sector a ‘Favorite for Fraudsters’ Online
E-commerce fraud increased 13% in the jewelry industryover the past year, according to a recent report by fraud-protection companySignifyd.Fraudulent payments accounted for 13.3% of online jewelrytransactions during the first quarter of 2017 in terms of dollar sales, thecompany...
Financial-Legal Jun 26, 2017 Rapaport News
Jason Goldberger Blue Nile
Target Exec to Become Blue Nile CEO
Blue Nile has appointed Target executive Jason Goldberger asCEO to replace Harvey Kanter, four months after the online diamond retailer’sacquisition by a private-equity group.Goldberger (pictured) has 20 years’ experience in senior positions at e-commercegroups, including Amazon,...
Retail Jun 11, 2017 Rapaport News
CanadaMark 140
James Allen Links Up with CanadaMark
James Allen has become the exclusive online retailer ofCanadaMark diamonds, following a deal between the e-commerce site’s owner andCanada-based miner Dominion Diamond Corporation.All diamonds listed on James Allen under the Dominion-owned CanadaMarkbrand...
Retail Jun 05, 2017 Rapaport News
james allen
Equity Firm Buys Major Stake in James Allen
Online diamond retailer James Allen has received a $140 million equity investment from Francisco Partners.The investment gives the private-equity firm a near-50% stake in the NewYork-based R2Net, which owns James Allen, valuing the...
Retail Apr 09, 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
Signet Shakes Up Senior Management
Signet Jewelerschief operating officer Ed Hrabak is leaving the company amid sweeping changesto the retailer’s top management team.In addition to Hrabak (pictured, upper right), Tryna Kochanek, executivevice-president of the North American store operations, is also...
Retail Jan 31, 2017 Rapaport News
Nordstrom Names Exec to Tap Online Retail Growth
Nordstrom appointed Geevy Thomas to a new role of chiefinnovation officer to help the retailer keep up with trends in consumer habitsand strengthen online sales.Former salesman Thomas has served for 34 years at thecompany and was most recently...
Retail Jan 12, 2017 Rapaport News
Shopping Mall
U.S. Retailer Shuts 250 Stores to Move Online
Women’s apparel chain The Limited has closed all 250stores and has moved all sales to its online platform, reflecting an increasingly challengingenvironment for bricks-and-mortar retailers.“We’re sad to say that all The Limited stores...
Retail Jan 10, 2017 Rapaport News
shopping app
Blue Nile Says Takeover Bid Unchallenged
Blue Nile did not receive any takeover bids during a 30-dayperiod in which it was allowed to consider proposals from third parties,according to a company filing with the U.S. Securities and Exchange Commission.The disclosure comes after...
Retail Dec 08, 2016 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
Alibaba Singles Day
Alibaba Sells Record $18B in Single Day
Sales on Alibaba Group’s Alipay platform jumped 32 percent onSingles’ Day, underlining the day’s growing importance on the Chinese retailcalendar.The total value of transactions hit $17.8 billion (RMB 120.7billion) compared to $14.3 billion last year,...
Retail Nov 13, 2016 Rapaport News
Computer Laptop E-Commerce ecommerce e commerce cr
Dalumi Group Buys Online Jeweler Zoara
Israel-based diamond manufacturer The DalumiGroup acquired online diamond and jewelry retailer Zoara.com.The deal gives Zoara direct access to wholesale suppliersand repositions the site as a “leading” jewelry ecommerce platform, saidDalumi, a De Beers sightholder. Zoara...
Retail Nov 09, 2016 Rapaport News
Harvey Kanter
Blue Nile to be Sold for $500M
Blue Nile agreed to be acquired by a private-equity investor group as the online diamond retailer’s profit slumped in the third fiscal quarter.Bain Capital PrivateEquity and Bow Street will buy all outstanding shares of BlueNile common stock...
Retail Nov 07, 2016 Rapaport News
Pandora Eyes China Breakthrough via Online Entry
Pandora has launched on Alibaba’s ecommerce platformTmall.com, as the Denmark-based jeweler aims to break into the Chinese market.Internet retailing, which grew 53 percent last year, is gainingtraction in China because of faster internet, improved payment security andincreasing...
Retail Oct 18, 2016 Rapaport News
Harvey Kanter
Blue Nile Sales Below Expectations
Blue Nile missed its own quarterly revenue and earnings guidance as engagement ring sales slowed amid global economic uncertainty.Revenue crept up 0.1 percent to $113.8 million in the secondquarter ending July 3, with U.S. engagement-ring...
Retail Aug 09, 2016 Rapaport News
Amazon to Sell Synthetic Diamonds
Amazon.com is selling a line of lab-grown diamonds from ajoint venture between an entrepreneur and famed gem-cutting firm Royal Asscher.House of Eléonore, owned by founder Bernd Damme, RoyalAsscher and other investors, will sell blue, pink, yellow...
Retail Jun 29, 2016 Rapaport News
ja trade show
Jewelers of America Helps Members Get Cheaper Loans, Web Services
Jewelers of America (JA) announced new and updated benefits for its membersso that the industry “stays competitive and increases profitability.” The trade organization has partnered with Jewelry Asset Services, abank loan...
Financial-Legal Mar 01, 2016 Rapaport News
blue nile logo
Blue Nile to Open Second Webroom in White Plains, NY
BlueNile will open a second ‘Webroom’ at the Westchester Mall in White Plains, NewYork, enabling visitors to view products and place orders in-store with the help of non-commissioned consultants.Development of the location is underway, with the site...
Retail Feb 14, 2016 Rapaport News
‘Fast Fashion’ Jewelry Site BaubleBar Gets $20M Funding
Online jewelry retailer BaubleBar has raised $20 million ofnew funding from investors, according to a report by technology news siteTechCrunch.The ecommerce outfit, known for its ‘fastfashion’ approach to jewelry that involves reacting quickly to trends,...
Financial-Legal Feb 01, 2016 Rapaport News
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