Showing posts with label Christmas and holiday season. Show all posts
Showing posts with label Christmas and holiday season. Show all posts
Wednesday, December 25, 2013
Monday, December 16, 2013
Nine Timely Luxury Watch Gifts for the Holidays
Buying a luxury watch as a gift can be a downright terrifying experience. The choices are near endless in this day and age.
Fortunately, I put together a list of nine watches that cover a variety of mechanical variations, designs and lifestyle attributes. There are watches in all shapes, styles and prices. Some of the world’s most prestigious watch brands are represented as well as critically acclaimed independent brands. There are ultra thin watches. There are watches in line with a lifestyle pursuit, such as high-powered automobiles or world travel. Several watches on the list have fanciful complications. Then there are the timepieces that speak to history and heritage. There’s even a watch brand that’s made in America.
Surely there is something on this short list that could be a perfect gift for that special man in your life.
Please join me on the Jewelry News Network Facebook Page, on Twitter @JewelryNewsNet and on the Forbes website.
Friday, January 18, 2013
Samuels Jewelers Holiday Comps Up 8.4%
Samuels Jewelers retail chain said same store jewelry sales for the nine-week holiday season were up 8.4 percent, driven by an 11.2 percent increase in December. The season kicked off with a record breaking Black Friday.
The Austin, Texas-based jewelry retailer operates approximately 104 stores in 22 states primarily in the Southwestern U.S. It is owned by Gitanjali Group, the Mumbai, India-based international diamond and jewelry manufacturer and jewelry retailer.
“Samuels' strong holiday season sales demonstrate that it has struck the right chord with USA customers yet again,” said Mehul Choksi, Gitanjali Group chairman and managing director. “Customers seeking added value were enchanted by the fresh bouquet of Italian jewelry brands like Giantti and Porrati introduced in stores. The new 97-facet ‘Brilliant Fire’ diamond also found popularity with customers.”
He added, “With the US market showing signs of stabilizing, we are confident of this trend continuing through the upcoming Valentine season.”
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NRF: Holiday Retail Sales Up 3% to $579.8 Billion
Total holiday retail sales increased 3 percent to $579.8 billion, according to the National Retail Federation. Meanwhile, online sales for the holiday season increased 11.1 percent. Both results were below forecasts.
NRF, the retail trade association projected growth to be 4.1 percent for the two-month holiday period. Shop.org, the multi-channel retail trade association, forecasted a 12 percent growth in online sales for the months of November and December.
Solid consumer spending in the month of December helped retailers finish the year with a healthy holiday shopping season, NRF said. However economic uncertainties sent a cautious consumer to the stores. December retail sales (excluding automobiles, gas stations and restaurants) increased 0.8 percent seasonally adjusted from November and increased 2.1 percent unadjusted year-over-year.
“For over six months, we’ve been saying that the fiscal cliff and economic uncertainty could impact holiday sales. As the number shows, these issues had a visible impact on consumer spending this holiday season,” said Matthew Shay, NRF President and CEO.
December retail sales, released by the U.S. Department of Commerce, showed that retail and food services sales (which include non-general merchandise categories such as automobiles, gasoline stations, and restaurants) increased 0.5 percent seasonally adjusted month-to-month and increased 4.7 percent adjusted year-over-year.
Other findings from the NRF’s December retail sales report include:
• Clothing and clothing accessories stores' sales increased 1 percent seasonally-adjusted month-to-month and increased 2.5 percent unadjusted year-over-year.
• Electronics and appliance stores’ sales decreased 0.6 percent seasonally-adjusted month-to-month and decreased 0.4 percent unadjusted year-over-year.
• Furniture and home furnishing stores’ sales increased 1.4 percent seasonally-adjusted month-to-month and increased 3.0 percent unadjusted year-over-year.
• General merchandise stores’ sales were unchanged seasonally-adjusted month-to-month and decreased 3.4 percent unadjusted year-over-year.
• Health and personal care stores’ sales increased 1.4 percent seasonally-adjusted month-to-month and decreased 0.7 percent unadjusted year-over-year.
• Nonstore retailers’ sales increased 0.5 percent seasonally-adjusted month-to-month and increased 9.6 percent unadjusted year-over-year.
• Sporting goods, hobby, book and music stores’ sales increased 0.6 percent seasonally-adjusted month-to-month and increased 4.7 percent unadjusted year-over-year.
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Thursday, January 10, 2013
Tiffany Holiday Sales Up 4%, Comps Flat, at ‘Low-End Of Expectations’
Tiffany & Co. said Thursday that worldwide net sales increased 4 percent to $992 million for the November-December holiday period, while same store sales were unchanged from the prior year.
“Holiday period sales growth was at the low-end of our expectations, and we now expect that net earnings for the year ending January 31 will be at the lower-end of the forecast that we issued on November 29 of $3.20 – $3.40 per diluted share,” said Michael J. Kowalski, Tiffany chairman and CEO. “Due to uncertainty about general economic conditions in all our major markets, management is planning sales growth conservatively for 2013 and at this point expects net earnings growth of 6 percent – 9 percent.”
Net sales for the holiday period by region and category include:
Sales in the Americas region increased 3 percent to $516 million in the holiday period. On a constant-exchange-rate basis, total sales increased 2 percent, and same store sales declined 2 percent in the New York flagship store and in branch stores. Performance was relatively similar across much of the region. Internet and catalog sales rose 4 percent.
Sales in the Asia-Pacific region increased 13 percent to $187 million. On a constant-exchange-rate basis, total sales increased 11 percent (due to growth in Greater China and most other markets) and same store sales rose 7 percent.
In Japan, total sales declined 5 percent to $153 million. However, on a constant-exchange-rate basis, both total sales and comparable store sales rose 1 percent.
In Europe, sales increased 2 percent to $119 million due to mixed performances by country. On a constant-exchange-rate basis, total sales also increased 2 percent and same store sales were flat.
Other sales increased 114 percent to $17 million, largely reflecting the conversion in July of five Tiffany stores in the United Arab Emirates from independently-operated distribution to company-operated retail stores.
“Looking forward, we are formulating plans for continued store expansion and new product introductions in 2013,” Kowalski said.
Tiffany currently operates about 274 stores (115 in the Americas, 65 in Asia-Pacific, 55 in Japan, 34 in Europe and five in the U.A.E.), compared with 246 stores (102 in the Americas, 57 in Asia-Pacific, 55 in Japan and 32 in Europe) a year ago.
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“Holiday period sales growth was at the low-end of our expectations, and we now expect that net earnings for the year ending January 31 will be at the lower-end of the forecast that we issued on November 29 of $3.20 – $3.40 per diluted share,” said Michael J. Kowalski, Tiffany chairman and CEO. “Due to uncertainty about general economic conditions in all our major markets, management is planning sales growth conservatively for 2013 and at this point expects net earnings growth of 6 percent – 9 percent.”
Net sales for the holiday period by region and category include:
Sales in the Americas region increased 3 percent to $516 million in the holiday period. On a constant-exchange-rate basis, total sales increased 2 percent, and same store sales declined 2 percent in the New York flagship store and in branch stores. Performance was relatively similar across much of the region. Internet and catalog sales rose 4 percent.
Sales in the Asia-Pacific region increased 13 percent to $187 million. On a constant-exchange-rate basis, total sales increased 11 percent (due to growth in Greater China and most other markets) and same store sales rose 7 percent.
In Japan, total sales declined 5 percent to $153 million. However, on a constant-exchange-rate basis, both total sales and comparable store sales rose 1 percent.
In Europe, sales increased 2 percent to $119 million due to mixed performances by country. On a constant-exchange-rate basis, total sales also increased 2 percent and same store sales were flat.
Other sales increased 114 percent to $17 million, largely reflecting the conversion in July of five Tiffany stores in the United Arab Emirates from independently-operated distribution to company-operated retail stores.
“Looking forward, we are formulating plans for continued store expansion and new product introductions in 2013,” Kowalski said.
Tiffany currently operates about 274 stores (115 in the Americas, 65 in Asia-Pacific, 55 in Japan, 34 in Europe and five in the U.A.E.), compared with 246 stores (102 in the Americas, 57 in Asia-Pacific, 55 in Japan and 32 in Europe) a year ago.
Please join me on the Jewelry News Network Facebook Page, on Twitter @JewelryNewsNet and on the Forbes Web site.
Zale Corp. Holiday Comps Up 2.3%; Holiday Sales Total $567 Million
Jewelry and diamond retailer, Zale Corp., said Thursday that same store sales increased 2.3 percent for the combined months of November and December 2012, encompassing the entire holiday selling period. This increase falls short of the 5.9 percent rise in same store sales for the same period last year. At constant exchange rates, which exclude the effect of translating Canadian currency denominated sales into U.S. dollars, comparable store sales increased 1.6 percent for the holiday selling period, compared to an increase of 6.2 percent in the prior year period.
Revenues for the two-month period were $567 million, an increase of $3 million compared to $564 million in the same period last year. The increase in revenues is primarily due to the same store sales growth partially offset by revenues associated with the net decrease of 50 stores compared to last year.
“This holiday season, we focused on driving bottom line improvement,” said Theo Killion, Zale Corp. CEO. “Our comp performance, combined with an expected 100 basis point operating margin improvement, brings us closer to our goal of achieving positive net income for the fiscal year.”
Holiday selling period same store sales details are as follows:
* Zales branded stores, consisting of Zales Jewelers and Zales Outlet, posted an increase of 3.1 percent, compared to an increase of 10 percent in the same period last year. U.S. fine jewelry brands including regional brand, Gordon’s Jewelers, posted an increase of 2.2 percent. In the same period last year. U.S. fine jewelry brands same store sales rose 9 percent for the 2011 holiday season.
* Canadian Fine Jewelry brands, consisting of Peoples Jewellers and Mappins Jewellers, posted a same store sales increase of 2.7 percent. This increase follows a 0.2 percent rise in the same period last year. At constant exchange rates, Canadian Fine Jewelry brands posted a comparable store sales decline of 0.7 percent, compared to an increase of 1.7 percent in the prior year period.
* Piercing Pagoda, Zale Corp.’s kiosk Jewelry business, posted a same store sales increase of 1.7 percent, compared to a declined 2.1 percent for the 2011 holiday season.
In its outlook for the quarter ending January 31, Zale Corp. said it expects gross margin to be in line with the prior year quarter’s gross margin of 50.5 percent. Operating margin is expected to be approximately 7.5 percent, or 100 basis points higher than the prior year quarter, primarily as a result of improved leverage on selling, general and administrative expenses.
As previously announced, the company expects to achieve positive net income for fiscal year 2013.
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Revenues for the two-month period were $567 million, an increase of $3 million compared to $564 million in the same period last year. The increase in revenues is primarily due to the same store sales growth partially offset by revenues associated with the net decrease of 50 stores compared to last year.
“This holiday season, we focused on driving bottom line improvement,” said Theo Killion, Zale Corp. CEO. “Our comp performance, combined with an expected 100 basis point operating margin improvement, brings us closer to our goal of achieving positive net income for the fiscal year.”
Holiday selling period same store sales details are as follows:
* Zales branded stores, consisting of Zales Jewelers and Zales Outlet, posted an increase of 3.1 percent, compared to an increase of 10 percent in the same period last year. U.S. fine jewelry brands including regional brand, Gordon’s Jewelers, posted an increase of 2.2 percent. In the same period last year. U.S. fine jewelry brands same store sales rose 9 percent for the 2011 holiday season.
* Canadian Fine Jewelry brands, consisting of Peoples Jewellers and Mappins Jewellers, posted a same store sales increase of 2.7 percent. This increase follows a 0.2 percent rise in the same period last year. At constant exchange rates, Canadian Fine Jewelry brands posted a comparable store sales decline of 0.7 percent, compared to an increase of 1.7 percent in the prior year period.
* Piercing Pagoda, Zale Corp.’s kiosk Jewelry business, posted a same store sales increase of 1.7 percent, compared to a declined 2.1 percent for the 2011 holiday season.
In its outlook for the quarter ending January 31, Zale Corp. said it expects gross margin to be in line with the prior year quarter’s gross margin of 50.5 percent. Operating margin is expected to be approximately 7.5 percent, or 100 basis points higher than the prior year quarter, primarily as a result of improved leverage on selling, general and administrative expenses.
As previously announced, the company expects to achieve positive net income for fiscal year 2013.
Please join me on the Jewelry News Network Facebook Page, on Twitter @JewelryNewsNet and on the Forbes Web site.
Tuesday, January 8, 2013
Signet Jewelers Holiday Sales Up 7.1%, Same-Store Sales Up 3.3%
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| Kay Jewelers, one of the U.S. brands owned by Signet. |
Strong sales in the U.S. overcame a decline in sales for the company’s U.K. stores. Consolidated e-commerce sales increased by 39 percent, comprised of a 49 percent increase in the U.S. and an 8 percent increase in the U.K. Holiday sales for 2012 did not quite reach the level of growth that the jeweler saw in 2011, which was 7.5 percent.
“We saw particularly strong performance in the weeks and days leading up to Christmas,” said Mike Barnes, Signet CEO. “Business trends continue to be encouraging in the U.S. and have improved in the U.K. after the holiday season.”
The Bermuda-based jewelry retailer owns and operates Kay Jewelers; Jared, the Galleria of Jewelry; and a number of regional brands in the U.S. and H.Samuel and Ernest Jones jewelers in the U.K.
The company’s U.S. division saw a year-over-year sales increase of 9.9 percent to just over $1 billion, compared to an increase of 9.2 percent in the comparable nine weeks. Same store sales for the period increased 4.7 percent led by both Kay and Jared, compared to an increase of 9.2 percent in the comparable nine weeks. The total sales figure for 2012 includes $37 million from the Chicago-based Ultra Stores retail chain, which Signet acquired in October.
“In the U.S. we experienced broad based strength across our merchandise offerings led by our initiatives in bridal, branded and exclusive merchandise, colored diamonds, fashion jewelry and watches,” Barnes said.
Holiday sales in the company’s U.K. division fell by 5 percent to $203.4 million, compared to an increase of 0.9 percent in the comparable nine weeks. Same store sales in the U.K. were down 2.6 percent compared to an increase of 1.8 percent in the comparable nine weeks.
“In the UK watches and branded jewelry were the strongest performers,” Barnes said.
In its outlook, Signet said diluted earnings per share for the fourth quarter are projected at $2.05 to $2.10. Diluted earnings per share for the 53 weeks ending Feb. 2, 2013, are projected at $4.28 to $4.33.
Capital spending for Fiscal 2013 is anticipated to be $138 million to $142 million reflecting current estimates of project timing. In addition to the Ultra Stores, Inc acquisition. Signet says it anticipates 48 new US-based stores for the year.
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Monday, December 24, 2012
Happy Holidays
I thought these Harry Winston Large Cluster Diamond Earrings would help us get into the mood of the holiday season. Resembling snowflakes, these earrings use 10 marquise and pear-shaped diamonds, approximately 4.40 total carats; platinum setting with ear clip closure. Length 16.6mm and width 14.4mm.The cost is $53,600 and available at harrywinston.com. There also is a smaller-sized pair of the same earrings.
Wishing everyone a joyous holiday season and good wishes for the coming year.
Please join me on the Jewelry News Network Facebook Page, on Twitter @JewelryNewsNet and on the Forbes Web site.
Monday, December 17, 2012
The Exceptional Jewelry News Network Holiday Luxury Watch Guide
Check out the 11 timepieces below for men and women that would make anyone feel special this holiday season.
Please join me on the Jewelry News Network Facebook Page, on Twitter @JewelryNewsNet and on the Forbes Web site.
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| The JeanRichard 1681 Collection is available in two versions: one with three hands and a date display, the other with a date display and small second display and in two colors, steel and pink gold. The time display appears against a classical rail-track minute circle. The three-hand version has applied Arabic numerals in a similar style to the hour-markers; the small second display at 9 o’clock counterbalances the date. The oscillating weight of the calibre JR1000, bearing the new signature of the brand, can be seen through the screw-in case-back. The 1681 pictured retails for $6,400 and is available at Kenjo Watches in New York. |
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Sunday, December 16, 2012
The Spectacular Jewelry News Network Jewelry Gift Guide
With just eight more shopping days left until Christmas, I put together a variety of jewelry items designed to inspire you to buy that special gift for those closest to you. What all of these pieces share are superior artistry, craftsmanship and beauty.
Please join me on the Jewelry News Network Facebook Page, on Twitter @JewelryNewsNet and on the Forbes Web site.
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| Sethi Couture 18K Multi-Color Diamond Chandelier Earrings features 11.81 carats of fancy colored diamonds. Retail Price: $18,000. It is available at EB Horn, Boston, Mass. |
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| Le Vian 18k Chocolate Diamond Necklace, features 7.27 carats of Le Vian's trademark Chocolate diamonds. Retail price: $46,097. Contact Le Vian at 877-2LEVIAN for an authorized retailer. |
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| Lagos Sapphire Statement Necklace features beaded and fluted sterling silver surround 13 brilliant, blue pave gems (twc. 36.41). The necklace retails for $15,500 and is available on lagos.com. |
| The 14k Rose Gold Ruby and Multi-Color Sapphire and Diamond Ring from Effy Jewelry retails for $2,750 and is available at www.EffyJewelry.com. |
Please join me on the Jewelry News Network Facebook Page, on Twitter @JewelryNewsNet and on the Forbes Web site.
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