First-quarter sales down 14 percent for ShopNBC
Eden Prairie, Minn.--Revenues declined 14 percent in the first quarter of 2009 for multi-channel retailer ShopNBC, which slashed its jewelry inventory in half during the period.
ShopNBC's jewelry sales drop 32 percent in '08
Eden Prairie, Minn.--Jewelry struggled as a category last year for ValueVision Media Inc., the parent of home shopping network ShopNBC, a recent Securities and Exchange Commission filing shows.
ShopNBC lowering its jewelry ambitions
Minneapolis, Minn.--After a year in which jewelry product slowed sales and shrunk margins, ShopNBC will set its sights on lower-priced pieces, the company's new head said in a conference call on...
ShopNBC, Jewelry Television announce layoffs
On-air retailers ShopNBC and Jewelry Television are among the latest jewelry-related companies to announce they are cutting staff as sales wane in the face of the global economic crisis.
Azotic settles with one party in trademark case
St. Paul, Minn.—Azotic Coating and Star Ring have reached an out-of-court settlement in Azotic's lawsuit alleging trademark and patent infringement, the companies confirmed on Friday.
Tough holiday leads to cutbacks, worse for chains
New York--A disappointing 2008 holiday season left the country's major retailers scrambling to cut costs in 2009, with numerous chains--including Macy's and Target--sending American workers to...
TV shopping networks tuning in to Internet
New York--While jewelry continues to be a key category for TV shopping retailers, online rather than on-air sales are the engine that has been revving up revenues in recent years.
'May is Gold Month' for fifth year running
New York—"May is Gold Month" will return for its fifth year as a national retail promotion aimed at increasing consumer sales of gold jewelry throughout the month of May.
Neda Behnam launches Diamonds For A Cure
New York--Jewelry designer Neda Behnam, a breast cancer survivor for 10 years, has been giving a portion of herself to breast cancer awareness efforts for years, but the celebrated designer recently...
Woman found guilty in $94K jewelry theft
Worcester, Mass.—A Milford, Mass., woman was sentenced on Tuesday for her role in an identify-theft case that involved the purchase of $94,000 in jewelry from GemsTV, The Milford Daily News...