Wheat Ridge, Colorado police took a 50-year-old man into custody Wednesday following a two-month search.
Moody’s Predicts ‘Stable’ 2017 for Retail
The apparel and footwear industries won’t be top priority for consumers, but a strong dollar and streamlined inventory will boost the sector for overall better sales than last year.
New York--Ratings firm Moody’s has predicted a stable 2017 for the retail sector.
According to a report from the company, retail sales are expected to grow 3 to 4 percent and operating income is expected to grow 4 to 5 percent, with the home improvement, specialty and dollar store sectors expected to exceed 5 percent growth.
“Dollar stores will be among the top performers in 2017, as cash-strapped consumers look to save money on multiple fronts,” said Mickey Chadha, a Moody’s vice president--senior credit officer.
“Home improvement stores such as Home Depot and Lowe’s will benefit from the continuing robust recovery of the housing market, and the subsiding deflationary pressure on supermarkets in 2017 should result in the sub-sector outperforming the broader retail industry.”
The apparel and footwear sectors of the retail industry are expected to remain stable overall.
Consumer spending is expected to be concentrated on rent, health care, home-related products, electronics and cars rather than apparel and footwear. However, good foreign exchanges rates for Americans and less excess inventory in 2017 should allow operating profit to increase to 5 to 7 percent.
Increased direct-to-consumer and international sales will increase overall sales by 6 to 8 percent.
Department stores, however, will continue to face pressures due to lower foot traffic and competition.
Discounters and warehouses, meanwhile, are expected to experience a 2 to 3 percent decline in operating income. Walmart accounts for 75 percent of the discounter and warehouse category and increased employee wages and company investments will be responsible for less overall profits for the mega-retailer, Moody’s said.
The Latest
PGI partnered with four new and seven returning designers for its annual platinum capsule collection.
Nicolosi, president and CEO of The Kingswood Company, previously sat on WJA’s board from 2011 to 2018.
Meet Ben Claus—grand prize winner of For the Love of Jewelers 2023 Fall Design Challenge.
Karina Brez’s race-ready piece is a sophisticated nod to the horse-rider relationship.
The men are allegedly responsible for stealing millions in jewelry and other valuables in 43 burglaries in 25 towns across Massachusetts.
“Horizon” invites individuals to explore the limitless possibilities that lie ahead, said the brand.
With Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
The jeweler credits its recent “Be Love” campaign and ongoing brand revamp for its 17 percent jump in sales.
The co-founder of Lewis Jewelers was also the longtime mayor of the city of Moore.
Elvis Presley gifted this circa 1967 gold and diamond watch to Dodie Marshall, his co-star in “Easy Come, Easy Go.”
May’s birthstone is beloved for its rich green hue and its versatility.
Jacqui Larsson joins Opsydia with nearly two decades of experience in the industry.
Last month in Dallas, David Walton pushed another jeweler, David Ettinger, who later died.
The “Tiffany Céleste” collection reimagines designer Jean Schlumberger’s interpretations of the universe.
The brand also created a 100-carat lab-grown diamond necklace in honor of its centennial.
Tim Schlick has been promoted from his previous position as COO.
It’s the second year for the event, slated to take place in October in Toronto.
Supplier Spotlight Sponsored by GIA
Sales will be paused while the relocation takes place over the next few months.
“SIS x MISA Denim and Diamonds” is a collaboration between the designer and celebrity stylist Misa Hylton.
The retailer is moving to a newly designed space in the same shopping center.
The necklace is featured in the brand’s “Rebel Heart” campaign starring Adam Levine and Behati Prinsloo.
The two organizations will host a joint event, “Converge,” in September 2025.
Big changes appear to be on the horizon for the diamond miner and its parent company, Anglo American.
Padis succeeds Lisa Bridge, marking the first time the organization has had two women board presidents in a row.