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The retailer struggled in its attempt to rely less on discounting.
Bulgari continues to bolster the company and gain market share.
The news came amid its five-month fiscal results, in which sales were up 25 percent led by its jewelry division.
It is set to open before the holiday season and will be more high-tech than the jeweler’s other stores.
And CEO Alessandro Bogliolo teased the introduction of what the company describes as an “innovative diamond ring concept.”
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.