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But the e-tailer isn’t being specific about the dollar amount of merchandise sold, and the reaction on social media was less than favorable.
Stores magazine’s annual list of the U.S.’s largest retailers shows that the chains that are faring best are those that have learned to connect with customers both online and off.
The Chinese e-commerce company is selling its first U.S.-based e-commerce site, 11 Main, because the site hasn’t gained traction here and faces too much competition, reports state.
The online retailer is looking for a buyer for a lot of jewelry from its liquidation of Bidz.com, pricing each piece at about $1 each and asking for $1.3 million for the whole thing.
Two online postings suggest the online retail giant is establishing a handmade marketplace to rival Etsy, which has seen its stock drop since going public in March.
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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.