A double-digit drop in the number of in-store crimes was offset by a jump in off-premises attacks, JSA’s 2023 crime report shows.
Alex and Ani Files a Counterclaim in Sterling Suit
The bracelet company has come back with its own breach of contract allegations.
Akron, Ohio-- Alex and Ani has filed a counterclaim in response to the breach of contract lawsuit Sterling Jewelers filed against it last month alleging that Sterling is the one that violated their agreement.
Documents filed in federal court in Ohio show that both parties seem to agree on a couple of key points in the case: that Sterling would sell Alex & Ani at approximately 100 Jared the Galleria Jewelry stores beginning in August 2015, but not at any other Sterling-owned stores, including its outlet stores.
The Sterling suit alleges that Jared had difficulty selling the Alex and Ani product, and the aforementioned selling restrictions kept Sterling from being able to make any profit on items that wouldn’t sell.
Sterling said that after reaching an agreement in 2016 with Alex and Ani for the latter to buy back $3 million worth of product, it never received the money, despite sending a first shipment of product valued at $900,000.
At that point, Sterling terminated its agreement with Alex and Ani, and it admits to selling the remaining stock at Kay Jewelers, Kay Jewelers Outlet locations, and on Kay.Com, KayOutlet.com and Jared.com.
The Sterling suit asks for about $2.6 million in damages, plus interest and attorneys’ fees.
Alex and Ani’s counterclaim, filed against Sterling parent company Signet Jewelers Ltd. on Feb. 5 in U.S. District Court for the Northern District of Ohio, states that it limited where and how Alex and Ani could be sold through Sterling because it “is strategic and thoughtful with regard to where and how its products are sold, in order to maintain the integrity of the brand.”
On Aug. 26, it learned that Sterling was selling 459 of its bangle styles on Jared.com and on Aug. 30, Sterling terminated their agreements.
“It is apparent from the timing that Sterling terminated the agreements in an attempt to avoid the consequences of breach of the agreements,” the countersuit states.
Alex and Ani is alleging that Sterling’s conduct “was in breach of the contractual agreements between them” and is seeking to block any further sales through “unauthorized channels,” a dismissal of all claims against it and damages to be determined at trial, in addition to attorney’s fees.
Signet Jewelers affirmed it does not comment on ongoing litigation and a request for comment sent to Alex and Ani’s attorney, Mark Geragos, was not returned by press time.
The Latest
Inspired by the Roman goddess of love, the designer looked to the sea for her new collection.
The luxury titan posted declining sales, weighed down by Gucci’s poor performance.
With Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
The selected nine organizations have outlined their plans for the funds.
The mining company’s Diavik Diamond Mine lost four employees in a plane crash in January.
The crown introduced a dozen timepieces in Geneva, including a heavy metal version of its deep-sea divers’ watch.
For over 30 years, JA has advocated for the industry, fought against harmful legislation and backed measures that help jewelry businesses.
Emmanuel Raheb recommends digging into demographic data, customizing your store’s communications, and retargeting ahead of May 12.
Located in the town of Queensbury, it features a dedicated bridal section and a Gabriel & Co. store-in-store.
A 203-carat diamond from the alluvial mine in Angola achieved the highest price.
Ruser was known for his figural jewelry with freshwater pearls and for his celebrity clientele.
The “Rebel Heart” campaign embodies rebellion, romance, and sensuality, the brand said.
Editor-in-Chief Michelle Graff shares the standout moments from the education sessions she attended in Austin last week.
The overhaul includes a new logo and enhanced digital marketplace.
A new addition to the “Heirloom” collection, this one-of-a-kind piece features 32 custom-cut gemstones.
Last month in Dallas, David Walton pushed another jeweler, David Ettinger, who later died.
From now through mid-May, GIA will be offering the reports at a 50 percent discount.
De Beers’ rough diamond sales were down 18 percent year-over-year in its latest round of sales.
Sponsored by the Las Vegas Antique Jewelry & Watch Show
The Patek Philippe expert will serve as personal curator for the brand-focused company.
The 553-square-foot shop is aboard the Carnival Jubilee cruise ship.
NDC filed a complaint against Skydiamond for use of phrases like “diamonds made entirely from the sky.”
John Carter received the AGS’s highest honor Tuesday afternoon at Conclave in Austin, Texas.
LVMH said the company performed well despite an uncertain geopolitical and economic environment.
B&D Sales and Service held a ribbon-cutting event for its new location in Cranston, Rhode Island.
It’s ultra-feminine and filled with gold, pearls, and soft pastels.