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Retail
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Oct 21, 2015
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Rapaport News
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Research
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Jul 29, 2015
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Ronen Shnidman
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Petra Diamonds Anticipates Lower Revenue for FY 2015
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Petra Diamonds Ltd. reiterated its production target of 3.2 million carats for the fiscal year that ends on June 30 and it remains on target to achieve 5 million carats by 2019, according to a market update that was filed...
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Mining
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Jun 12, 2015
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Jeff Miller
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Financial-Legal
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May 08, 2015
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Jeff Miller
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Global Economic Challenges Impact Sales at Tiffany & Co.
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Tiffany & Co.'s sales fell 1 percent year on year to $1.3 billion during the fourth quarter that included the Christmas season and ended on January 31. Same-store sales were flat. Measured on a constant-exchange-rate basis,...
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Financial-Legal
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Mar 20, 2015
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Jeff Miller
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Lucara Sets Top Revenue Target at $240M for 2015
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Lucara Diamond Corp. anticipates revenue of between $230 million and $240 million from the sale of 400,000 to 420,000 carats of rough diamonds in 2015, according to the company's outlook. Lucara recorded revenue of $180.5 million in 2013,...
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Mining
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Dec 09, 2014
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Jeff Miller
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Movado's Sales -1%, Profit -4%
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The Movado Group reported that sales fell 0.6 percent year on year to $188.6 million in the third quarter that ended on October 31. Cost of sales were reduced slightly, by 0.3 percent, to $88.7 million. Gross...
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Financial-Legal
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Nov 25, 2014
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Jeff Miller
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Movado Warns of a Miss as Watch Segment Slows
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The Movado Group Inc. lowered its outlook following a weak third quarter as the retail watch segment slows. The group added that certain brands, including Movado, did not perform so well in international markets.While...
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Financial-Legal
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Nov 14, 2014
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Jeff Miller
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Blue Nile's Revenue +7%, Profit -43% in 3Q
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Blue Nile Inc. reported that sales rose 6.9 percent year on year to $105.8 million in the third quarter that ended on September 28. Cost of sales increased 8.3 percent to $86.9 million and income plummeted...
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Financial-Legal
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Oct 30, 2014
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Jeff Miller
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Fitch Assigns 'A-' and 'Stable Outlook' to Tiffany & Co.
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Fitch Ratings assigned an issuer default rating (IDR) of "A-" to Tiffany & Co., as well as an "A-" to the retailer's senior unsecured facilities and senior unsecured notes. The rating outlook is stable. Fitch explained that this...
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Retail
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Sep 22, 2014
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Jeff Miller
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NRF Revises U.S. Retail Growth Slightly Lower for 2014
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The National Retail Federation (NRF) lowered its retail sales growth forecast slightly for 2014 to 3.6 percent from a previous prediction of 4.1 percent in large part due to a weak first half. The organization anticipates...
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Retail
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Jul 23, 2014
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Jeff Miller
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Research
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May 07, 2014
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Metals Focus
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Tiffany & Co.'s FY Revenue +6%, Profit -56% to $181M
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Tiffany & Co.'s worldwide sales rose 5 percent year on year to $1.298 billion and same-store sales improved 2 percent for the fourth quarter that ended on January 31. The retailer's cost of sales increased 1.6...
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Financial-Legal
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Mar 21, 2014
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Jeff Miller
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U.S. Jewelry Stores Sales +7% to $2B
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U.S. jewelry store sales rose 6.9 percent year on year to $2.113 billion in January, according to government data that was released today. The increase was further strengthened by a 1.7 percent decline in the consumer price...
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Research
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Mar 13, 2014
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Jeff Miller
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JCPenney's FY Revenue -9%, Loss Tops $1B
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J.C. Penney Company Inc. reported that revenue fell 2.6 percent year on year to $3.78 billion for the fourth quarter that included the Christmas season and ended on February 1. However, JCPenney's cost of goods...
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Financial-Legal
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Feb 26, 2014
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Jeff Miller
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Sterne Agee Raises Outlook, Price Target on Signet
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Sterne Agee raised its rating outlook on Signet Jewelers to ''Buy,'' citing potential earnings per share (EPS) in excess of $11 by fiscal year 2017 compared with only $6.35 without the planned merger with Zale...
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Financial-Legal
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Feb 21, 2014
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Jeff Miller
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JCPenney Anticipates 4Q Same-Store Sales Rose 2%
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J. C. Penney Company Inc., which has experienced a 71 percent year-on-year decline in its share price, provided a preliminary sales recap for the fourth quarter. Same-store sales for the months of November and December rose 3.1...
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Retail
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Feb 04, 2014
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Jeff Miller
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U.S. Confidence Weakens in October, Expectations Sour
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U.S. consumer confidence in October 2013 fell slightly compared with one year ago. The Conference Board Consumer Confidence Index® registered 71.2 points (1985=100) compared with 72.2 points in October 2012. However, the...
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Research
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Oct 30, 2013
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Jeff Miller
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Factors Influencing India's Economy, Gems Sector
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Dr. Suresh Surana, the founder of RSM Astute Consulting Pvt. Ltd., provides an outline of the external factors that are influencing India's economy. Surana discusses the significant weakening of the country's economic growth outlook,...
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Polished Markets
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Oct 02, 2013
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Rapaport News
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U.S. Consumer Confidence Improves in September
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Consumer confidence in the U.S. rose 13 percent year on year to 79.7 points in September, according to the Conference Board. However, the Consumer Confidence Index® fell slightly from a reading of 81.8 points in August. The Present Situation...
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Research
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Sep 24, 2013
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Jeff Miller
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