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Tara Jewels Files for Chapter 11
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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...
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Retail
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Jun 26, 2019
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Rapaport News
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Why You Should Discount Discounting
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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...
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Retail
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Jul 16, 2018
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Jean Z. Poh
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What We Know About Nirav Modi’s US Companies
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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...
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Financial-Legal
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Mar 07, 2018
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Joshua Freedman
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Walmart Appoints New International Chief
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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...
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Retail
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Jan 18, 2018
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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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Cartier Insists Walmart Not Authorized Distributor
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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,...
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Retail
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Nov 30, 2016
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Rapaport News
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Cyber Growth Pushes Cyber Monday to Cyber Week
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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,...
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Retail
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Nov 24, 2016
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Rapaport News
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Retail
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Jan 17, 2016
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Rapaport News
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Walmart Adds In-Store Payment Feature to Mobile App
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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...
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Retail
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Dec 10, 2015
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Rapaport News
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Research
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Apr 09, 2015
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Jeff Miller
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Walmart Names Brewer as President of Sam's Club
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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...
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Retail
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Jan 20, 2012
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Jeff Miller
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Foreign Investment in Retail to Create 10M Jobs in India
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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...
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Retail
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Nov 28, 2011
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Dilipp S Nag
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STORES Magazine Lists Top 100 Retailers
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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...
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Research
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Jul 05, 2011
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Ricci Dipshan
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