National Jeweler Network

Financial Reporting

07/23/14

First half net sales up 7 percent for Swatch

Though operating profit and net income declined for the Swatch Group in the first half of the year, net sales increased.

07/10/14

US comps climb for Michael Hill in fiscal 2014

Same-store sales in Michael Hill’s U.S. stores rose 6 percent year-over-year while total revenue fell slightly due to the company closing a store in June of last year. 

07/10/14

Jewelry auction website Bidz to liquidate

The final gavel seemingly has dropped for Bidz.com Inc., which once sold millions of dollars in fine jewelry a year via its live online auction format but has struggled financially the last several years. 

06/23/14

J.C. Penney closes on $2B in new financing

J.C. Penney Co. Inc. announced Monday that it has closed on a new $2.35 billion credit facility, a deal that hints at some confidence from the banks in a performance turnaround for the retailer.

06/02/14

Sales up 12 percent at Gitanjali’s US stores

Mumbai-based manufacturer and retailer the Gitanjali Group reported that the stores it operates in the United States under the Samuels Jewelers Inc. umbrella experienced 12 percent year-over-year sales growth in fiscal year 2014.

05/22/14

Sterling introduces new outlet concept, Jared Vault

Sterling Jewelers is converting some of the Ultra Diamond outlets it purchased in 2012 into Jared Vault stores, a chain of outlet stores that sell overstock from Jared the Galleria of Jewelry.

05/22/14

Tiffany raises guidance following ‘excellent’ Q1

First quarter sales were strong worldwide for Tiffany & Co., with same-store and total sales in the Americas increasing due to broad-based growth across the United States. 

05/19/14

Earnings roundup: Kohl’s, JC Penney, Walmart

Despite a dismal winter that hampered many retailers’ sales, J.C. Penney posted relatively strong first quarter same-store sales, with fine jewelry listed as one of its best-selling categories.

05/16/14

Richemont jewelry, watch brands outshine fashion

Demand for jewelry and complicated timepieces was “robust” for Richemont in the fiscal year ended March 31, offsetting the weaker performance of Alfred Dunhill, Chloé and Lancel.

05/16/14

Earnings roundup: Macy’s, Nordstrom

Macy’s Inc. and Nordstrom Inc. reported mixed results for the first quarter ended May 3, with weather taking a toll on sales and off-price outlets continuing to outshine regular stores. 

05/09/14

First quarter US sales up just 1 percent for QVC

Another multimedia retailer reported that 2014 was off to a weak start, with sales for QVC essentially falling flat in the first quarter in a “difficult retail environment.”

05/05/14

Jewelry sales slow for HSN as Q1 sales decline

HSN Inc., the parent company of on-air and online retailer HSN, reported Thursday that the retailer’s sales were down 1 percent in the first quarter, with jewelry reported as one of its weak sellers. 

05/02/14

Blue Nile Q1 sales up, mobile visits climb

Online retailer Blue Nile reported that sales hit $103.7 million in the company’s first quarter, a 7 percent year-over-year increase. 

04/28/14

Sales up, but Amazon losing ground in some states

Quarterly sales continue to climb for Amazon.com Inc. though a new study shows the online retailer is losing sales--particularly of larger-ticket items--in states where it collects sales tax. 

04/11/14

Michael Hill’s US comps up, opens 2 more stores

Same-store sales at Michael Hill’s U.S. locations rose 3 percent in the nine-month period ended March 31, the Australian retailer recently reported.

04/10/14

First quarter sales climb for LVMH

Sales in the United States were strong in the first quarter for LVMH, with the luxury goods conglomerate’s company-owned watch and jewelry boutiques performing particularly well. 

03/28/14

Signet U.S. comps up 4 percent in Q4

Same-store sales in the U.S. were up 4 percent for Signet Jewelers Ltd. in the fourth quarter, while e-commerce sales climbed 21 percent to $61.9 million. 

03/27/14

Movado cutting back on distribution of ESQ brand

The Movado Group Inc. announced Wednesday that it is reducing distribution of its ESQ Movado brand in order to focus on “more productive” watches. 

03/24/14

Tiffany’s Q4 comps up 6 percent in America

Tiffany & Co. saw same-store sales in the Americas increase 6 percent in the fourth quarter, the company reported Friday. 

03/06/14

Q4 sales climb for ShopHQ on lower prices

Fourth quarter sales were up 17 percent for ShopHQ as the multimedia retailer enticed customers to buy by offering more merchandise at lower price points. 

03/03/14

QVC’s Q4 sales up, but no growth for jewelry

U.S. sales were up 6 percent year-over-year to $1.9 billion in the fourth quarter for multimedia retailer QVC, with growth coming from all areas except jewelry. 

02/28/14

Earnings roundup: Kohl’s, Sears

Kohl’s and Sears reported declines in same-store sales in the fourth quarter, despite it being the period that includes the all-important holiday season. 

02/27/14

Earnings roundup: JC Penney, Target, more

Both J.C. Penney and T.J. Maxx/Marshalls recorded same-store sales increases in the fourth quarter while Target’s quarterly comps fell in the wake of the massive data breach that impacted millions of customers.

02/27/14

Q2 comps up 2 percent, profits rise for Zale

Zale Corp. recorded a 2 percent increase in the same-store sales in the second quarter ended Jan. 31, with its Zales and Zales Outlet stores turning in the strongest performance.

02/26/14

Macy’s disappointed with Jan. sales, blames weather

Same-store sales increased by only 1 percent in the fourth quarter for Macy’s Inc. despite a strong holiday season performance, the retailer reported Tuesday. 

02/21/14

Earnings roundup: HSN, Walmart, Nordstrom

Three jewelry-selling retailers that reported their financials Thursday did not record strong increases in sales in the fourth quarter, despite the fact that it is generally the most wonderful time of the year for retailers. 

02/20/14

Pandora reports double-digit rise in US revenue

Bead brand Pandora reported Tuesday that its U.S. sales rose 24 percent in 2013 (28 percent in local currency) to $589.7 million, driven by an increasing demand for newer products and an improved store network. 

02/19/14

Gitanjali’s US stores post 12 percent growth

Indian jewelry retailer and manufacturer Gitanjali Gems Ltd., owner of Samuels Jewelers Inc., said its United States sales grew 12 percent year-over-year in the first nine months of fiscal year 2014.

02/06/14

Blue Nile has showcase in second Nordstrom store

Blue Nile announced Thursday that it has set up a second in-store display, this one in the Nordstrom bridal suite at Roosevelt Field, a large mall on New York’s Long Island.

02/04/14

Nov.-Dec. comps up 3 percent for JC Penney

Same-store sales increased 3 percent year-over-year in the all-important months of November and December, struggling retailer J.C. Penney reported Tuesday.  

01/31/14

LVMH jewelry, watch sales up 4 percent in 2013

LVMH Moët Hennessy Louis Vuitton reported 4 percent organic revenue growth for its jewelry and watch division in 2013, led by an “excellent” performance in its directly owned boutiques, particularly Bulgari. 

01/31/14

Amazon Q4 sales climb 20 percent, hit $25B

Sales were up again for Amazon.com in the fourth quarter, with the company reporting a 20 percent increase to $25.59 billion as compared with $21.27 billion in the same period last year.

01/24/14

Comps up at Michael Hill’s US stores

Same-store sales at Michael Hill’s U.S. locations were up 2 percent in local currency for the half-year period, the Australian retailer reported Thursday. 

01/17/14

Richemont sales continue to climb in Q3

Swiss luxury goods group Richemont saw sales increase 9 percent at constant exchange rates to $4 billion in the third quarter, with both its jewelry and watch segments enjoying similar growth. 

01/17/14

Pandora says Christmas sales beat expectations

Preliminary results released by Pandora Friday indicate that 2013 sales for the Danish bead brand will be up 35 percent year-over-year due in part to a better-than-expected holiday.  

01/10/14

Branded jewelry, watches hot at Sterling

Sterling Jewelers Inc. reported a 5 percent year-over-year increase in same-store sales in November and December, driven by strong sales of branded merchandise and watches as well as beads.

01/10/14

Zale holiday comps up 2 percent

Calling its holiday season “solid” in a challenging retail environmental, Zale Corp. recorded a 2 percent year-over-year increase in same-store sales in November and December, the retailer reported Friday.

01/10/14

Tiffany’s holiday comps in the Americas up 7 percent

Tiffany & Co. reported Friday that same-store sales in the Americas rose 7 percent during the two-month period ending Dec. 31.

01/09/14

JC Penney’s brief holiday report raises questions

J.C. Penney Co. Inc. released a statement Wednesday commenting on its holiday performance that gave very few details, spurring speculation that the retailer’s turnaround had stalled.

01/09/14

Holiday comps up but Macy’s laying off thousands

Despite what its CEO described as a “successful” holiday season, Macy’s announced Thursday it would lay off about 2,500 employees as it trims central office staff and closes stores.

01/08/14

Judge approves sale of Loehmann’s inventory, IP

A New York judge has approved the sale of bankrupt retailer Loehmann’s inventory and intellectual property following an auction that took place Friday and Saturday in New York.

12/18/13

Sales increase but Neiman Marcus records loss

Sales rose but profits fell for high-end retailer Neiman Marcus in the first quarter of fiscal 2014, with the costs involved in its acquisition pushing the company into the red.

12/18/13

Discount chain Loehmann’s files Chapter 11

For the third time, 91-year-old retail chain Loehmann’s has filed for bankruptcy and this time the chain plans to sell to a group of liquidators, court papers show.

12/12/13

Q3 comps up 6 percent for Saks’ new parent co.

Hudson’s Bay Company, the Canadian retailer that acquired Saks Inc., reported a single-digit increase in both same-store and total sales in the third quarter.

12/05/13

Nov. comps climb double digits for JC Penney

Due to “compelling promotions” J.C. Penney Co. Inc. recorded a 10 percent year-over-year increase in same-store sales in November, with its Modern Bride brand among the private labels showing signs of life. 

11/26/13

Tiffany’s comps in the Americas up only 1 percent

Tiffany & Co. reported Tuesday that same-store sales in the Americas rose 1 percent in the third quarter, with the growth attributable to sales at the company’s flagship store in New York City. 

11/26/13

Zale records 12th quarter of positive comps

Same-store sales grew in Zale Corp.’s fiscal first quarter, driven by strong sales at the company’s Zales- and Peoples-branded stores and of both bridal and core fashion jewelry.

11/26/13

Comps up 4 percent, color ‘hot’ at Sterling

Sterling Jewelers Inc. reported Tuesday that same-store sales increased 4 percent in the third quarter, led by strength in sales of colored diamond jewelry, bridal and watches.

11/21/13

ShopHQ shifting away from jewelry

Third quarter sales grew for Shop HQ, formerly ShopNBC, as did the company’s customer base, a change it attributes to selling fewer items in the jewelry and watches category while bulking up its selection elsewhere.

11/21/13

Earnings roundup: Jewelry does well at JC Penney

Fine jewelry was one of the top sellers at J.C. Penney in the third quarter, a quarter in which the retailer saw signs of improvement, recording its first same-store sales increase in almost two years.

11/15/13

Gitanjali still has eye on U.S. expansion

Gitanjali Group’s U.S. sales grew 12 percent year-over-year in the first two quarters of the fiscal year, and the company remains focused on expanding in markets outside of India.  

11/15/13

Earnings roundup: Walmart, Kohl’s

Walmart Stores Inc. and off-price retailer Kohl’s Corp. released their third quarter earnings Thursday, with same-store sales down for both as the retail environment remains competitive.

11/14/13

In ‘tepid’ climate, Macy’s comps up 4 percent

Same-store sales increased 4 percent in the third quarter for Macy’s Inc., the retailer reported Wednesday.   

11/13/13

Pandora reports slight increase in US sales

Third-quarter sales of Pandora jewelry in the United States increased 3 percent (8 percent in local currency), the Danish brand said Tuesday.

11/08/13

Richemont says demand is strong for jewelry, watches

Sales for the six-month period ended Sept. 30 rose for Richemont due to international demand for its jewelry and high-end watch brands, which include names such as Cartier and Jaeger-LeCoultre.

11/08/13

JC Penney sees rise in same-store, online sales

J.C. Penney Co. Inc. said Thursday that its same-store sales increased 0.9 percent in the month of October, marking the first time the retailer has recorded positive same-store sales in almost two years. 

11/07/13

Q3 jewelry sales slow for HSN

HSN Inc., the parent company of on-air and online retailer HSN, reported Wednesday that the retailer’s sales were flat in the third quarter, with jewelry cited as one of the weakest sellers. 

11/06/13

QVC: One-third of online orders now mobile

Multimedia retailer QVC’s online sales accounted for 41 percent of its total U.S. revenue in the third quarter, and one-third of those sales were made to customers shopping from mobile devices.

11/01/13

Blue Nile: Half of holiday traffic will be mobile

The CEO of Blue Nile, which just recorded its sixth consecutive quarter of double-digital sales growth, said the company expects more than 50 percent of site traffic to come from mobile devices in the fourth quarter.

10/31/13

Shareholders approve Saks-Hudson’s Bay merger

Saks Inc. announced Wednesday that is shareholders have given the green light for the high-end retailer to merge with Canadian retailer Hudson’s Bay Company.
 

10/28/13

Amazon’s Q3 sales up more than 20 percent

Sales continued to climb for Amazon.com Inc. in the third quarter, with the company reporting a 24 percent increase to $17.09 billion as compared with $13.81 billion in the same period last year.

10/17/13

Watch, jewelry sales pick up for LVMH

After falling flat in the first half of the year, LVMH’s Watches & Jewelry business group recorded organic revenue growth of 3 percent through the first nine months of the year. 

10/17/13

Michael Hill notes ‘good growth’ at US stores

Same-store sales at Michael Hill’s U.S. stores rose 7 percent in the quarter ended Sept. 30, the Australian retailer reported recently. 

10/10/13

Jewelry sales strong at JC Penney

Fine jewelry, along with apparel and accessories, are among the categories turning in an above-average performance at J.C. Penney Co. Inc., the retailer said this week. 

10/10/13

Q4, full year US comps creep up for Costco

Costco Wholesale Corp. reported a single-digit increase in U.S. same-store sales for both the fourth quarter and fiscal year ended Sept. 1.