The announcement coincided with its full-year results, with growth driven by its jewelry brands.
Ross-Simons Parent Co. Names New President
James Speltz will report directly to Darrell Ross, who was president and CEO and now will serve as CEO and chairman of the board.
Cranston, R.I.--Luxury Brand Holdings, the parent company of retailers Ross-Simons and Sidney Thomas Jewelers, has hired James Speltz as president.
He will oversee all business activities for the company, reporting directly to Darrell Ross, who was president and CEO and now will serve as CEO and chairman of the board.
Speltz has 20 years of direct-to-consumer and merchandising experience, most recently serving as the chief operating officer for Teikametrics, a software and service provider to Amazon’s third-party merchants.
Prior to that, Speltz was the CEO of Brookstone. During his 18 years at the specialty retailer, he also held the roles of COO, vice president of business development and vice president of supply chain.
In addition, Luxury Brand Holdings announced the long-planned retirement of Executive Vice President and COO Robert Simone, who held the latter title for nearly two decades. He will remain with the company through the second quarter of 2017.
Luxury Brand Holdings was formed in 2011 to encompass the expansion of Ross-Simons’ brand offerings as the Sidney Thomas chain of jewelry stores was introduced.
Ross-Simons was tied for No. 41 on the Top 50 Retail Jewelry Chains list in National Jeweler’s 2016 State of the Majors issue, with 12 stores as of the end of 2015. It also appeared at No. 17 on the $100 Million Supersellers list.
“I am incredibly excited about Jim joining Luxury Brand Holdings,” Ross said in a company news release. “As a company, we look forward to working with him in his new leadership role. Jim is a seasoned direct marketer who brings a fresh perspective to the ever-changing retail landscape. Together, we will expand and innovate on our brand footprint, build upon our strong corporate culture, and develop new strategies for providing high-quality fine jewelry at an exceptional value.”
The Latest
Looking ahead, the retailer said it sees “enormous potential” in Roberto Coin’s ability to boost its branded jewelry business.
Jewelry trade show veterans share strategies for engaging buyers, managing your time effectively, and packing the right shoes.
Despite the rising prices, consumers continue to seek out the precious metal.
This little guy’s name is Ricky and he just sold for more than $200,000 at Sotheby’s Geneva jewelry auction.
Though its website has been down for a week, Christie’s proceeded with its jewelry and watch auctions on May 13-14, bringing in nearly $80 million.
Despite the absence of “The Allnatt,” Sotheby’s Geneva jewelry auction totaled $34 million, with 90 percent of lots sold.
Tradeshow risks are real. Get tips to protect yourself before, during and after and gain safety and security awareness for your business.
Lilian Raji gives advice to designers on how to make the most of great publicity opportunities.
The mining company wants to divest its 70 percent holding in the Mothae Diamond Mine in an effort to streamline its portfolio.
Why do so many jewelers keep lines that are not selling? Peter Smith thinks the answer lies in these two behavioral principles.
The “Argyle Phoenix” sold for more than $4 million at the auction house’s second jewels sale.
The annual list recognizes young professionals making an impact in jewelry retail.
Owner David Mann is heading into retirement.
While overall sales were sluggish, the retailer said its non-bridal fine jewelry was a popular choice for Valentine’s Day.
The mining giant also wants to offload its platinum business as part of an overhaul designed to “unlock significant value.”
Christie's is selling one of the diamonds, moving forward with its Geneva jewelry auction despite the cyberattack that took down its website.
Retailers can customize and print the appraisal brochures from their store.
The move follows a price-drop test run in Q4 and comes with the addition of a “quality assurance card” from GIA for some loose diamonds.
The site has been down since Thursday evening, just ahead of its spring auctions.
The late former U.S. Secretary’s collection went for quadruple the sale’s pre-sale estimate.
Three fifth graders’ winning designs were turned into custom jewelry pieces in time for Mother’s Day.
Kimberly Adams Russell is taking over the role from her father, David Adams, marking the third generation to hold the title.
As a token of womanhood, this necklace depicts when Venus was born from the sea.
Show your mother some love with a piece of fine jewelry.
The company’s Easton location will remain open.
Brian D. Fleming of Carla Corporation was elected to serve a one-year term in the role.