Financial ReportingBlue Nile's 3Q sales up 2.4 percentThird-quarter net sales exceeded online diamond seller Blue Nile Inc.'s expectations, increasing 2.4 percent to $66.9 million on the strength of bridal and international sales. Read More U.S. chain store sales up 2.1 percent in OctoberU.S. chain store sales in October increased 2.1 percent on a same-store basis compared with the same period last year, representing the strongest reading since July 2008, when sales increased 3.3 percent, according to the International Council of Shopping Centers. Read More Signet 3Q same-store U.S. sales down 2.4 percentHamilton, Bermuda--U.S. sales fell 1.7 percent in the third quarter for Signet Jewelers Ltd., operator of the Kay Jewelers and Jared The Galleria Of Jewelry stores. Read More 
SEC filing details Finlay salaries amid bankruptcyA new filing with the Securities and Exchange Commission gives insight into how much Finlay Enterprises Inc. was paying its top executives as it was in the midst of Chapter 11 bankruptcy proceedings this summer and early fall. Read More SEC to check Zale's booksShares of jewelry retailer Zale Corp. plunged nearly 26 percent after the company revealed that the Securities and Exchange Commission (SEC) will investigate its accounting after Zale restated its 2008 and 2009 earnings. Read More Zale's 2009 same-store sales fall 16.6 percentDallas--Sales fell 16.8 percent in fiscal year 2009 for Zale Corp., which reported its long-delayed fourth-quarter and fiscal 2009 results late Thursday. Read More 
LVMH shows 3 percent drop for Q3LVMH Moet Hennessy Louis Vuitton released its third quarter results, which show overall revenues fell 3 percent compared to last year's third quarter, and jewelry and watch revenues fell 19 percent. Read More NRF: Retail sales up 0.5 percent in SeptemberWashington--Retail sales saw a boost in September, increasing 0.5 percent over August sales, according to the National Retail Federation (NRF). Read More U.S. chain store sales up 0.1 percent in SeptemberNew York--U.S. chain store sales in September increased 0.1 percent on a same-store basis compared with the same period last year, representing the strongest reading since July 2008, when sales increased 3.3 percent, according to the International Council of Shopping Centers (ICSC). Read More 
NRF: Holiday sales to decline 1 percentWashington--U.S. holiday retail sales are expected to decline one percent this year to $437.6 billion, according to a National Retail Federation (NRF) forecast released on Tuesday. Read More Date set for auction of Friedman's IPLa Jolla, Calif.--The auction of the intellectual property (IP)--a mix of trademarks and domain names--of defunct retailers Freidman's Jewelers and Crescent Jewelers is set for Oct. 9, according to the firm handling the sale. Read More
Gordon Bros. wins bid to shutter 49 Finlay storesNew York--A U.S. bankruptcy court judge has approved Gordon Brothers Retail Partners LLC's bid for the assets of bankrupt retailer Finlay Enterprises, court documents show, allowing the Boston-based liquidation firm to move forward with shuttering all of Finlay's stores, including Bailey Banks and Biddle and several other chains. Read More
Gordon Bros. top bidder in Finlay auctionNew York--Liquidation firm Gordon Bros. Retail Partners LLC emerged as the highest bidder in Wednesday's auction for the assets of bankrupt retailer Finlay Enterprises, a source familiar with the auction and court papers have confirmed. Read More Zale expects to report financials Oct. 29After twice delaying the reporting of its financials, Zale Corp. now expects to report results by Oct. 29, "although this date may change if unforeseen circumstances arise," according to a filing made on Friday with the Securities and Exchange Commission. Read More Retail sales up 2.7 percent in AugustRetailers saw some glimmer of hope in August, as sales increased 2.7 percent from July, representing the largest month-over-month gain in more than three years. Read More Richemont cautious as sales drop 16 percentGeneva--Swiss luxury goods group Richemont saw overall sales decrease 16 percent at actual exchange rates for the five months ended August, compared with the same period last year, according to a statement from Executive Chairman Johann Rupert issued on Wednesday. Read More U.S. chain store sales down 2 percent in AugustNew York--U.S. chain store sales in August decreased 2 percent on a same-store basis compared with the same period last year, representing the strongest reading since September 2008, when sales fell 1 percent, according to the International Council of Shopping Centers (ICSC). Read More Streambank sets auction date for Whitehall's IPNeedham, Mass.--Streambank LLC has set Sept. 15 as the auction date for the intellectual property assets of now-defunct Whitehall Jewelers Holdings Inc. Read More Tiffany's 2Q sales down 16 percentNew York--Sales were down 16 percent in the second quarter 2009 for Tiffany and Co., according to a financial report released Friday by the New York-based jewelry retailer. Read More
Bankruptcy judge sets date for Finlay finaleNew York--An auction for the assets of bankrupt retailer Finlay Enterprises Inc. has been set, with Gordon Brothers Retail Partners LLC authorized as the stalking-horse bidder, court documents show. Read More 
Sales slide 16 percent for ShopNBCMinneapolis, Minn.--Multi-channel retailer ShopNBC recorded revenues of $119.3 million in the second quarter of 2009, a 16 percent decrease from the same period last year, according to a media release issued on Wednesday. Read More Retail sales down further than expected in JulyRetail sales slid 5 percent in July compared with last year, and 0.6 percent compared with June. This dip was further than expected by many analysts and was substantially more than the 0.2 percent month-to-month decrease retailers saw in June. Read More 2Q revenues nosedive at Bidz.comNet revenues for online jewelry retailer Bidz.com were $26.9 million for the second quarter ended June 30, compared with $55 million for the same period last year, the company announced on Monday. Read More Zale shutters 118 storesZale Corp. has announced the closure of 118 underperforming stores during the fiscal fourth-quarter ended July 31, 2009, three more than the 115 the company anticipated it would close, according to a company spokesperson. Read More Blue Nile 2Q sales show improvementSeattle--Net sales for online jewelry retailer Blue Nile Inc. decreased 5.2 percent to $69.9 million for the second quarter ended July 5, the company announced on Thursday. Read More |
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