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Category: Retail

Michael Hill store in Sydney image

Michael Hill Revenue ‘Disappoints’ as Market Challenges Persist  

Sales for first fiscal half slip 1% amid weakness in New Zealand. 
Chow Tai Fook store in China image

High Gold Prices, Outbound Tourism Weigh on Chow Tai Fook Sales 

Overall revenue down 14% year on year in fiscal third quarter.
Interior of a Zales store image

Signet, Synthetics, and a Complex Holiday Season 

Poor results at the US’s largest diamond retailer reflected a fragmented and changing market rather than a crisis in consumer demand.
Luk Fook storefront in Hong Kong image

Luk Fook Sales Decline Slows Amid Move to Minimize Diamond Offerings 

Third-quarter revenue down 6% year on year, an improvement from first half.
Family exchanging holiday gifts image

US Holiday Spending Beats Forecast to Yield Record Result 

Figure up 4% to $994.1 billion, comparable with pre-pandemic levels, according to NRF.
Jewelry-store display image

US Jewelry-Store Closure Rate Increases in 2024 

A total of 720 businesses shuttered, up 15% from 628 the previous year.
Image of a Van Cleef & Arpels storefront in Paris

Jewelry Boosts Richemont to Highest Quarterly Sales 

Category up 14% year on year for three months that ended December 31.
Interior of Jared store image

Signet Slashes Fourth-Quarter Guidance Following Weak Holiday Sales 

Jeweler now expects same-store sales to drop between 2% and 2.5%, down from previous prediction of 3% maximum increase.
Macy's store in New York City image

Macy’s to Close 66 Stores Across the US 

Many of the soon-to-be-shuttered shops are in California, New York, Florida and Texas.
Woman making a purchase image

Competitive Discounts Give Rise to Record US Online Holiday Sales 

Revenue up 9% year on year to $241.4 billion, according to Adobe.

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