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Gold price predictions for the year, as well as expectations for the upcoming gem shows in the desert, were two of the top stories on National Jeweler last week.
While Birks Group turned in a strong performance, Tiffany’s Trump Tower woes brought down sales.
November-December comps were down 5 percent for the company that owns Kay Jewelers and Zales.
The jewelry retail chain described U.S. stores as needing “some extra focus” but said it still sees opportunity in the market.
This file photo shows Tiffany & Co.’s flagship store on Fifth Avenue in Manhattan. The company said Tuesday that heightened security around Trump Tower has had some effect on foot traffic at the store. (Photo courtesy of Tiffany & Co.)
But the jeweler’s overall outlook remains cautious and it acknowledged that post-election activity around Trump Tower is impacting foot traffic at its flagship store.
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Since 1906, National Jeweler has been the must-read news source for smart jewelry professionals--jewelry retailers, designers, buyers, manufacturers, and suppliers. From market analysis to emerging jewelry trends, we cover the important industry topics vital to the everyday success of jewelry professionals worldwide. National Jeweler delivers the most urgent jewelry news necessary for running your day-to-day jewelry business here, and via our daily e-newsletter, website and other specialty publications, such as "The State of the Majors." National Jeweler is published by Jewelers of America, the leading nonprofit jewelry association in the United States.