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Macys JC Penney
Jewelry Among Top Performers at Major Retailers
Two of the top US department stores noted strong jewelrysales in the third fiscal quarter, even as their overall sales disappointed. “In terms of specific results, our top-performingmerchandise categories in the quarter included fine jewelry, footwear,...
Retail Nov 24, 2019 Rapaport News
Macys
Jewelry Strong for J.C. Penney, Macy’s
Two of the top US department stores noted strong jewelry sales in the second fiscal quarter, even as their overall results were disappointing.J.C. Penney and Macy’s both expressed intentions to invest further in improving their jewelry...
Retail Aug 20, 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
Macy's
Macy’s Hires Supply Officer
Macy’s has named Dennis Mullahy chief supply officer, a role in which he will oversee everything involved in getting products to the shelves.He will supervise all aspects of supply, including globalsourcing, inventory management, store and e-commerce...
Retail Apr 02, 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
Macy's
Fine Jewelry a Bright Spot for Macy’s
Macy’s noted strong sales of higher-end jewelry during theholiday season, though lower-priced items were weaker. Fine jewelry was one of seven categories the retailerhighlighted for their positive performances during November and December.However,...
Retail Jan 10, 2019 Rapaport News
WD synthetic
Synthetics Maker WD Gets Cash Injection
Private-equity firm Huron Capital has made a “significant”investment in WD Lab Grown Diamonds, forecasting sharp growth for the companyand the synthetics sector. The injection of funds will help WD expand its capacity toproduce lab-grown diamonds...
Financial-Legal Jan 08, 2019 Rapaport News
Personal Mission
Personalizing Can Give Stores an Edge
In the retail industry, “The customer is always right” haslong been the motto. This drive to please consumers means businesses areconstantly in search of new and inventive ways to make them happy. But where dothey start?...
Retail Jan 01, 2019 Leah Meirovich
Roberto Coin black jade
Roberto Coin Jade Line Pulled from Macy’s
Macy’s has removed a collection of Roberto Coin black-jadejewelry from its shelves following allegations the line bears unlawful gemcertification. Natural-stone supplier Kings Stone, which made the claimsthat prompted Macy’s move in April, filed...
Financial-Legal Dec 31, 2018 Leah Meirovich
Top 10 2018 montage
Top 10 Stories of 2018: A Year of Synthetics
This was the year in which synthetic diamonds wentmainstream. De Beers launched its Lightbox brand, the US Federal TradeCommission (FTC) relaxed its rules for describing lab-grown diamonds, andthe likes of Macy’s and JCPenney started...
Polished Markets Dec 18, 2018 Joshua Freedman
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
Macy's store
Jewelry Drives Macy’s Sales Increase
Macy’s sales increased in the fourth fiscal quarter, drivenby a solid performance in several divisions, including fine jewelry, thecompany said last week. Sales rose 1.8% year on year to $8.67 billion for the periodending February...
Retail Mar 05, 2018 Rapaport News
Target 150
Kohl’s, Target See Positive Holiday Season
Kohl’s and Target both reported sales growth during the holiday season, continuing the positive trend seen in the US retail sector this year. Kohl’s reported a 6.9% year on year rise in total sales, with...
Retail Jan 10, 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
Macy's
Macy’s Jewelry Upgrade Lifts Sales
Macy’s jewelry sales grew by a double-digitpercentage in the second quarter, following a decision to raise the quality of itsproducts, the retailer said.The strategy resulted in higher revenueacross both its jewelry and watch businesses, the department-store chain...
Retail Aug 14, 2017 Rapaport News
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