Tiffany looks to reduce staff through retirement plan
New York--Luxury retail jeweler Tiffany and Co., which recently announced a drop in sales for the third quarter, is now making plans to adjust its staffing levels in the United States.
Blue Nile senior v.p. sells shares
On Wednesday, Dwight Gaston—a senior vice president at online jewelry retailer Blue Nile—sold 2,000 shares of common stock at $56.51 apiece. According to the Securities and Exchange...
Tiffany President James E. Quinn exercises 10,000 shares, then sells them
According to a Form 4 filed with the Securities and Exchange Commission on Tuesday, Tiffany and Co. President James E. Quinn exercised options for 10,000 shares and sold them for $49.55 apiece. The...
House of Taylor shutting down
West Hollywood, Calif.—California-based jewelry company House of Taylor Inc. is closing up shop, a filing on Wednesday with the Securities and Exchange Commission (SEC) shows.
Whitehall in default, weighing options
Washington, D.C.—Amid default notices from two suppliers and liquidity issues, Whitehall Jewelers Holdings Inc. is "considering various financing options and may seek protection under the...
Birks and Mayors cuts staff by 15 percent
Montreal--Chain retail jeweler Birks and Mayors eliminated 73 positions on April 30, and has reduced its workforce by a total of 150 since the beginning of the year, a filing with the Securities and...
Breeden's stake in Zale continues to rise
New York—Investor Richard Breeden increased his stake in Zale Corp. for the second time in a week.
Sterling keeps rivals at bay with savvy staff
In an exclusive interview with National Jeweler, Sterling Jewelers President and CEO Mark Light says the chain's main advantage is having a skilled staff, both behind the counter and at its corporate...
Bidz.com battles shareholders in class-action suit
Los Angeles--Online jewelry retailer Bidz.com Inc. and its Chairman and Chief Executive Officer David Zinberg are locked in a legal battle with shareholders, who claim that the company was "knowingly...
SEC accuses Vegas diamond company of fraud
Las Vegas—The Securities and Exchange Commission (SEC) has filed suit against an allegedly fraudulent Las Vegas diamond company that collected some $64.2 million in profit as part of a...
Breeden raises stake in Zale, again
New York—Activist investor Breeden Capital Management LLC's stake in jewelry chain Zale Corp. continues to grow, a Securities and Exchange Commission (SEC) filing on Tuesday shows.
Former Friedman's CEO indicted
New York—Federal prosecutors in New York City have charged Bradley Stinn, the former chief executive officer of Friedman's Jewelers and Crescent Jewelers, in connection with an alleged...
Investment group grabs chunk of Zale
Dallas—Citadel Limited Partnership has acquired 2.6 million shares of Zale Corp.'s common stock, giving the investment group a 5.31 percent share of the retail jewelry company, according to a...
Breeden ups stake in Zale
New York—Former U.S. Securities and Exchange Commission (SEC) Chairman Richard Breeden has upped his interest in struggling jewelry chain Zale Corp.
Tiffany moderating, but not stopping, growth in '09
New York--Iconic jeweler Tiffany and Co. plans to open 13 stores this year despite bleary economic conditions, its latest filing with the Securities and Exchange Commission (SEC) shows.
Investor increases stake in Tiffany
New York—An activist investor is buying up shares of another long-standing, well-known U.S. retail jewelry chain.
House of Taylor crumbling
West Hollywood, Calif.—California-based jewelry company House of Taylor Jewelry Inc. appears to be coming down like a house of cards.
Signet sees weak holiday sales season
London—Same-store sales at Signet Group decreased 6.8 percent for the eight weeks ended Dec. 29, and total sales decreased 2.8 percent (3.7 percent at constant exchange rates), the company...
House of Taylor in default for $3.9 million
Washington—House of Taylor Jewelry has received a notice of default on a $3.95 million loan from its senior lender, New Stream Secured Capital, according to a U.S. Securities and Exchange...
Talk of Iceland in Saks future
Earlier this week a Securities and Exchange Commission filing revealed that BauGur, an Icelandic investment company purchased an 8 percent stake in Saks for approximately $253 million. BauGurs...