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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.”
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. 
Online retailer Blue Nile reported that sales hit $103.7 million in the company’s first quarter, a 7 percent year-over-year increase. 
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. 
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.
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. 
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. 
The Movado Group Inc. announced Wednesday that it is reducing distribution of its ESQ Movado brand in order to focus on “more productive” watches. 
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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.