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Signet Sees Surge in Holiday E-Commerce Sales
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Signet Jewelers reported a positive holiday season as soaring online sales helped compensate for the pandemic’s adverse impact on store traffic.Revenue was flat year on year at $1.8 billion for the nine weeks ending January...
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Retail
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Jan 14, 2021
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Rapaport News
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Tiffany Holiday Sales Reach All-Time High
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Sales at Tiffany & Co. rose 2% during the holiday season as the US jeweler benefited from sharp growth in China and a surge in online demand.Revenue in the Asia-Pacific region jumped 20% year on year in November and December,...
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Retail
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Jan 06, 2021
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Rapaport News
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US Retail Sales Fall Amid Covid-19 Spike
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US retail sales struck a disappointing note in November due to an uptick in coronavirus cases and the lack of a second government stimulus package.Revenues fell 1.1% month on month to $546.5 billion, though they were still 4.1% higher than...
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Retail
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Dec 17, 2020
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Rapaport News
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Signet Sales Jump as Holidays Start Early
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Signet Jewelers saw its first quarterly sales increase in two years as innovations helped the company capitalize on a release of pent-up demand and early holiday shopping.Revenue rose 9.5% year on year to $1.3 billion for the...
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Retail
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Dec 03, 2020
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Joshua Freedman
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Tiffany Profit Soars as China Recovers
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Tiffany & Co. reported a sharp jump in profit in the third fiscal quarter as sales in China surged and consumer spending shifted to higher-margin items.Net earnings rose 52% to $119 million in the three months ending October...
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Retail
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Nov 24, 2020
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Rapaport News
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Making the Most of the Holidays
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It’s been a tumultuous year, and the upcoming holiday forecast has not eased concerns. Although sales are still expected to increase over last year, the margin is slim, according to AlixPartners. The consulting firm...
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Retail
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Nov 23, 2020
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Lara Ewen
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India Rushes to Meet US Holiday Demand
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Indian diamond manufacturers are planning a curtailed Diwali break as they scramble to fulfill US holiday orders amid a shortage of polished.Factories will shut for five to 12 days instead of the usual two to three weeks, aiming to offset months...
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Manufacturing
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Oct 22, 2020
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Joshua Freedman
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US Retail Sales on Recovery Path
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US retail sales rose in September, marking the fourth straight month of year-on-year gains, and nearly doubling August’s increase, government data showed.Overall retail sales grew 5.4% compared to the same period last year, and...
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Retail
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Oct 18, 2020
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Rapaport News
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Shoppers Seek Luxury Products for Holidays
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More than half of consumers plan to treat themselves and others to luxury products this year during the holidays, feeling that indulgence is important at this time, according to a survey by Accenture.This comes despite the fact that...
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Retail
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Oct 07, 2020
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Rapaport News
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US Retailers Plan Longer Holiday Season
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A number of US retailers will launch their holiday sales earlier this year as a way to prevent overcrowding by last-minute shoppers and minimize health and safety risks.“Retailers are prepared for an early start to the shopping season, offering...
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Retail
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Oct 04, 2020
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Rapaport News
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Signet Raises Forecast Following Strong Holiday
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Sales at Signet Jewelers increased during the holiday season, prompting the retailer to raise its full-year outlook.Same-store sales — at branches open for at least a year — increased 1.6% for the nine weeks ending January 4, while...
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Retail
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Jan 16, 2020
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Rapaport News
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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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Podcast: Good Holiday, Bad Holiday
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The first Rapaport Diamond Podcast Short looks at theholiday season just gone, following a mixed bag of sales results from themajors.Signet Jewelers and Tiffany & Co. both reported a dropin revenues for the crucial...
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Retail
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Jan 22, 2019
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Rapaport News
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Now’s Too Late to Start Courting Retailers
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Will the holiday season bring joy to wholesalers andmanufacturers? Traditionally, the industry looks to the fourth quarter to turna profit, but some are taking a longer view in hopes of making the holidayspart of a 12-month business.“All barometers...
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Retail
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Nov 26, 2018
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Joyce Kauf
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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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Signet Holiday Sales Disappoint
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Signet Jewelers’ holiday sales fell 3% as issues relating to outsourcing its credit transactions adversely impacted the business. Signet in October sold its prime credit program to Alliance Data Systems for $960 million, meaning that...
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Retail
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Jan 10, 2018
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Rapaport News
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Retail Enjoying Impressive Season
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US retail sales have increased so far this holiday season, as an improving job market has spurred consumer confidence, according to surveys by government and private-sector organizations. Sales across all retail categories grew 6.3% year on year...
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Retail
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Dec 17, 2017
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Rapaport News
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Online Sales Surge on Black Friday
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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...
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Retail
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Nov 26, 2017
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Rapaport News
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New Diamond Ads Refocus on Love Moments
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The Diamond Producers Association (DPA) has shifted to shortervideo advertisements for the holiday season as it aims to market diamonds bycapturing precious moments in couples’ relationships.Rather than telling more involved stories, as the DPA’sinitial videos did,...
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Marketing
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Nov 20, 2017
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Rapaport News
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J.C. Penney Expects Strong Holiday for Jewelry
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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...
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Retail
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Nov 13, 2017
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Rapaport News
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