The announcement coincided with its full-year results, with growth driven by its jewelry brands.
NRF: Slightly more people hit stores, spend less
The total number of unique shoppers over the holiday weekend--counting Black Friday, Saturday and Sunday as well as Thanksgiving Day--was up 1 percent year-over-year while the average spend per shopper fell 4 percent, National Retail Federation (NRF) data shows.
New York--The total number of unique shoppers over the holiday weekend--counting Black Friday, Saturday and Sunday as well as Thanksgiving Day--was up 1 percent year-over-year while the average spend per shopper fell 4 percent, National Retail Federation (NRF) data shows.
According to a poll conducted Friday and Saturday, more than 141 unique shoppers already had shopped or planned to shop by the end of the weekend, up from 139 million over the same time frame last year.
On average, shoppers spent $407.02 between Thursday and Sunday (planned), down from $423.55 in the same time frame last year.
The NRF data shows that 17 percent of consumers bought jewelry or precious metal accessories.
Clothing, purchased by 58 percent of consumers, was the most popular gift category, followed by consumer electronics or computer-related accessories (38 percent) and books/CDs/DVDs/videos/video games (36 percent).
In terms of where consumers shopped, the NRF poll indicates that the greatest percentage, 54 percent, browsed the aisles of department stores. The second most-shopped location was the Internet, visited by 42 percent of consumers.
A total of 13 percent of shoppers said they shopped at other specialty stores, the category that includes jewelry stores.
Pam Goodfellow, the consumer insights director for Prosper Insights & Analytics, the firm that conducted the survey for the NRF, said online shopping over Thanksgiving weekend continues to grow in popularity.
“With limited budgets this year, holiday shoppers will continue to make very thoughtful decisions about when and where they shop the remainder of the season, making sure to compare prices and keep up with retailers’ advertisements for special sales,” she said in an NRF news release.
The weekend after Thanksgiving marks the unofficial start of the holiday shopping season.
Black Friday, the day after Thanksgiving said to push retailers into the black (profitability) for the year, traditionally has been the day people attempt to work off that turkey and stuffing with a trip to the mall or local big-box strip center.
This year, however, more stores were open on Thanksgiving Day, and NRF data shows that consumers were taking advantage of the turkey-day deals: about 45 million shoppers went to the stores on Thanksgiving, up 29 percent from 35 million last year.
Despite the increased number of stores open for all or a portion of Thanksgiving Day, Black Friday remained the most heavily trafficked day, with more than 92 million people,
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.
The ad aims to position platinum jewelry as ideal for everyday wear.
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.
The deal gives the retailer control over the distribution of Roberto Coin jewelry in the U.S., Canada, Caribbean, and Central America.
Show your mother some love with a piece of fine jewelry.