There is a willingness to comply with new government-mandated regulations, with an insistence that they should be practical and realistic.
Jewelry sales strong at JC Penney
Fine jewelry, along with apparel and accessories, are among the categories turning in an above-average performance at J.C. Penney Co. Inc., the retailer said this week.
Plano, Texas--Fine jewelry, along with apparel and accessories, are among the categories turning in an above-average performance at J.C. Penney Co. Inc., the retailer said this week.
Although the company is not yet set to release its full third quarter earnings, J.C. Penney publicly provided an update on its turnaround Tuesday.
The Plano-based department store chain said that although September same-store sales are down 4 percent compared with last year, it is an improvement when compared with comp sales in August.
Sales on JCP.com improved 25 percent in September and 11 percent in August as compared with the same months last year. In the third quarter to date, online sales are up 19 percent over last year.
In tracking specific categories, the retailer noted that “women’s and men’s apparel, fine jewelry and women’s accessories are performing better than the company average.” Women’s apparel is the company’s largest business.
J.C. Penney said it’s having success reconnecting with its core customer--something it stressed after the departure of former CEO Ron Johnson, who made a number of changes that proved unpopular--and that its customer service scores are at an all-time high.
“Over the last six months, we have made significant strides and are now seeing positive signs in many important areas of the business, in spite of what continues to be a difficult environment for consumers and retailers in general,” CEO Myron E. Ullman III said. “While pleased with the improving trends and more predictable performance, we are still in the early stages of the turnaround.”
On Wednesday, J.C. Penney announced the election of Steve Sadove to its board of directors.
Sadove is the chairman and CEO of Saks Inc. who will be leaving the high-end retailer at the end of the calendar year due to its merger with Canadian retailer Hudson’s Bay Company.
He will join J.C. Penney’s board as soon as he leaves Saks.
Sadove joined the management team at Saks as vice chairman in 2002, rising through the ranks to become chairman and CEO in 2007. He also serves on the boards at Colgate-Palmolive and restaurant chain Ruby Tuesday, and is chairman of the board of the National Retail Federation.
The Latest
A combination of factors is driving growth in the industry despite the precipitous drop in prices across the board.
The zone’s modernization will enhance and increase India’s jewelry manufacturing capabilities while aiding small and mid-sized businesses.
For over 30 years, JA has advocated for the industry, fought against harmful legislation and backed measures that help jewelry businesses.
By the end of this year, SRK’s diamond manufacturing complexes will achieve net zero emissions, one of an impressive array of achievements.
Optimism about the current state of the economy was offset by anxiety around inflation and the political environment.
The former WJA executive director is MFM’s new managing director.
Ho Brothers offers scalable solutions for the future of custom jewelry.
DDG encourages retailers to educate customers on the positive impact of purchasing natural diamonds.
Highlighting the most iconic Tiffany collections, it’s inspired by the company’s late window designer, Gene Moore.
Jen Cullen Williams and Duvall O’Steen explore how jewelers can save time and money by using AI to analyze engagement and create content.
The retailer previously turned down an $8.4 billion offer in 2018.
The Florida store’s owner Miguel Gonzalez is retiring.
The lab stresses the importance of accurate identification, as the difference in price is “substantial.”
The brand also plans to expand its retail footprint from 138 to 200 stores over the next three years.
One is reserved for a NAJA member, the other for a non-member.
Longtime employees Carie Lehrke and Megan Mattice have received promotions.
Three guests joined National Jeweler and Jewelers of America to discuss trending time periods, spotting reproductions, and more.
Chris Clipper and Robert Lepere join the company with 50 years of combined experience.
The trendy, metallic earrings wink at classic spring colors.
JSA said a man and woman pulled the safe out of an Oakland jewelry store but couldn’t quite get it into their van.
The miner’s March auction generated $19 million.
Helen McCluskey will succeed H. Todd Stitzer when he meets his 12-year term limit in June.
“Chopard x Julia Roberts” showcases the first gems cut from the 6,000-carat-plus “Insofu Emerald."
Elvis gave the watch to actress Dodie Marshall after filming “Easy Come, Easy Go.”
The Gianmaria Buccellati Foundation Award for Excellence in Jewelry Design was presented to a graduate of the GIA school in Taipei.
The man was charged with money laundering in connection with the theft of gold, silver, and platinum over the course of three years.