Latest News

J.C. Penney Co. Inc. said Thursday that its same-store sales increased 0.9 percent in the month of October, marking the first time the retailer has recorded positive same-store sales in almost two years. 
Sales for the six-month period ended Sept. 30 rose for Richemont due to international demand for its jewelry and high-end watch brands, which include names such as Cartier and Jaeger-LeCoultre.
HSN Inc., the parent company of on-air and online retailer HSN, reported Wednesday that the retailer’s sales were flat in the third quarter, with jewelry cited as one of the weakest sellers. 
Multimedia retailer QVC’s online sales accounted for 41 percent of its total U.S. revenue in the third quarter, and one-third of those sales were made to customers shopping from mobile devices.
The CEO of Blue Nile, which just recorded its sixth consecutive quarter of double-digital sales growth, said the company expects more than 50 percent of site traffic to come from mobile devices in the fourth quarter.
Saks Inc. announced Wednesday that is shareholders have given the green light for the high-end retailer to merge with Canadian retailer Hudson’s Bay Company.
 
Sales continued to climb for Amazon.com Inc. in the third quarter, with the company reporting a 24 percent increase to $17.09 billion as compared with $13.81 billion in the same period last year.
After falling flat in the first half of the year, LVMH’s Watches & Jewelry business group recorded organic revenue growth of 3 percent through the first nine months of the year. 
National Jeweler

Fine Jewelry Industry News

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.