Financial ReportingZale slapped with shareholder class-action suitA shareholders' class-action lawsuit has been filed against Zale Corp., its chief executive officer and three former executives, claiming the Irving, Texas-based, 1,931-store chain deliberately deceived investors. Read More Birks and Mayors mid-year sales down 19 percentMontreal--Same-store sales at Birks and Mayors Inc., which operates 67 luxury jewelry stores across Canada, Florida and Georgia, decreased 19 percent for the 26 weeks ended Sept. 26, compared with the same period last year. Read More 3Q sales down 4 percent at ShopNBCMinneapolis, Minn.--Revenues declined 4 percent in the third quarter for multi-media retailer ShopNBC, as the company stuck to its strategy of offering lower-priced items, including less expensive jewelry. Read More Retail sales remain flat in OctoberAs Black Friday approaches, the National Retail Federation (NRF) reported that retail industry sales were flat in October compared with the previous month. This report, which excludes automobile, gas station and restaurant sales, represents a 1.3 percent drop year over year. Read More Richemont's six-month sales fall 15 percentLuxury goods giant Richemont saw its sales decrease by 15 percent for the six-month period ended Sept. 30, with a decline in U.S. sales and revenues at its jewelry houses and luxury watch brands contributing to the downturn. Read More Charles and Colvard's 3Q sales sink 48 percentMorrisville, N.C.--Net sales declined 48 percent in the third quarter for Charles and Colvard, according to earnings released by the company late Thursday. Read More 
Familiar names step up to buy pieces of FinlayThe assets that once comprised now-bankrupt Finlay Enterprises Inc.--from its customer lists and Web site domains to its office chairs--were broken off and bid on in pieces at an auction held on Tuesday in New York City, court documents show. Read More Bidz.com sees 3Q year-over-year revenue dropOnline retail jeweler Bidz.com has reported net revenues of $24.8 million for the third quarter ended Sept. 30, compared with $55.4 million for the third quarter of 2008, the company announced on Monday. Read More Blue Nile's 3Q sales up 2.4 percentSeattle--Third-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 OctoberNew York--U.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 (ICSC). 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 bankruptcyNew York--A new filing with the Securities and Exchange Commission (SEC) 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 |
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