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Category: Retail

Gallet Multichron Clamshell watches collection image

Breitling Scoops Up Historic Watch Brand Gallet

Company will revive new acquisition and position it as a luxury, entry-level sibling business.
Aerial view of a crowded shopping mall

US Retail Sales Pick Up in February 

Revenue up 0.2% from the previous month to $722.7 billion.
Brilliant Earth showroom in Tampa image

Drop in Average Sale Value Dents Brilliant Earth Revenue in 2024 

Items costing less than $5,000 showed strongest consumer demand.
New Tanishq stores in Atlanta (left) and Seattle image

Indian Jewelry Brand Tanishq Debuts US Stores in Atlanta and Seattle 

New locations are part of efforts to reach expat consumers living abroad.
Interior of a Jared store image

Major Signet Shareholder Unhappy with Business, Seeks ‘Immediate’ Sale 

Select Equity Group, which holds nearly 10% of jeweler’s stock, feels company has made mistakes.
Mongkok Street shopping area in Hong Kong image

Hong Kong Luxury Sales Slip in January 

Revenue from jewelry, watches, clocks and valuable gifts down 18% year on year for the month.
Image of Daniel Bracken in a Michael Hill store

Michael Hill CEO Dies Unexpectedly at 57 

Daniel Bracken, who had been with the company since 2018, suffered an adverse reaction to medical treatment.
Necklace resting atop a US flag image

US Luxury Jewelers Are Staying a Cut Above 

Upscale retailers had a strong holiday season amid growth in top earners’ spending, though they remain hesitant about investing in diamond inventory.
De Beers Jewellers storefront in London image

De Beers Jewellers Rebrands as De Beers London 

Company also launches new “Portraits of True Brilliance” campaign.
Michael Hill store in Melbourne image

Michael Hill Sales Stable Amid Holiday Boost 

Revenue down 0.7% in first half, when higher-value gift-buying mostly offset weak overall demand.

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