MajorsTop Story
Kohl's to open nine stores, create 1,500 jobsKohl's announced that it will open nine new stores this spring, bringing 1,500 jobs to communities across six states.Read More Majors NewsSpotlightFinancial ReportingAfter tough year, watch sales help ShopNBC in Q4ShopNBC's net sales for fiscal 2009 fell 7 percent to $528 million, but the multichannel electronic retailer did see some recovery at the end of the year. Read More Report: Zale faces $6M penalty for credit dealZale Corp. must either pay a $6 million penalty to Citibank for not having enough sales on its private-label credit cards or risk an even earlier end to the agreement that finances 40 percent of its U.S. purchases, The Dallas Morning News reported over the weekend. Read More Weak 2009 jewelry sales batter Bidz.comRevenues for online retailer Bidz.com fell 46.3 percent in 2009, a decline the company attributes to the drop in consumer spending that has disproportionately affected jewelry. Read More Market DevelopmentsShane Co. seeks fourth extension to reorganizeShane Co. is asking the court for another extension that would give the company more time to file a plan detailing how it intends to emerge from Chapter 11 bankruptcy protection, court papers show. Read More Reports: Major investor dumps shares in ZaleFranklin Resources Inc., one of Zale Corp.'s largest shareholders, is shedding its shares in the troubled company, according to news reports. Read More Gems TV closing, eyes deal for Jewelry TelevisionGems TV Holding Limited announced Monday that it is ceasing its U.S. operations and has submitted a proposal to acquire an interest in Multimedia Commerce Group Inc. (MMCG), the company that operates on-air rival Jewelry Television. Read More Public Policy & IssuesJVC talks legal compliance in NYC Diamond DistrictThe Jewelers Vigilance Committee (JVC) has announced it will host a free legal compliance seminar for members of New York City's 47th Street Business Improvement District (BID), which includes merchants in the city's Diamond District. Read More JA asks jewelers to join sales tax fairness pushJewelers of America (JA) is again calling on Congress to reintroduce and pass legislation that would close a loophole that frees online retailers from having to charge sales tax and thereby hurts brick-and-mortar businesses. Read More NYC diamond conference to feature key luxury namesInitiatives in Art and Culture, a New York-based organization that promotes the arts, is hosting a diamond conference this spring in Manhattan, featuring a lineup of luxury jewelry brand and expert gemological speakers. Read More E-Commerce DevelopmentsWhy did holiday jewelry sales rebound online?Virtual jewelry stores, just like their brick-and-mortar counterparts, rebounded this past holiday season, with online sales-growth spikes that even surpassed those of electronics such as flat-screen TVs and e-readers. Read More Bidz.com settles consumer lawsuit for $20KOnline jewelry retailer Bidz.com announced that it has settled a lawsuit with a consumer who claimed the company misrepresented the value of its merchandise. Read More Court orders eBay to pay damages to Louis VuittonA French court has found eBay liable for harming the reputation of the trademarks, company name and domain name of luxury brand Louis Vuitton, the brand announced in a media release. Read More |
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