MajorsTop Story
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 Majors NewsSpotlightFinancial 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 Market DevelopmentsBirks and Mayors to distribute Damiani brandsDamiani S.p.A. has announced a distribution agreement with Birks and Mayors Inc., by which the luxury goods retailer will distribute the Damiani Group's brands in North America. Read More Longtime Zale buyer Jeffry Martin dies at 62Clearwater, Fla.--Jeffry Alan Martin, who spent nearly 20 years of his career as a merchandise manager at Zale Corp., died last week surrounded by loved ones. He was 62. Read More 
Gravure Commitment loses family memberMontreal--The families of Gravure Commitment and Atlantic Engraving, announced "with deep regret and tremendous sadness," the death of Deborah Neuwirth on Oct. 13. She was 41. Read More Public Policy & IssuesNRF applauds passage of 'carryback' legislationWashington--The National Retail Federation (NRF) is welcoming passage of legislation that will allow retailers and other businesses to lengthen the period during which they can "carry back" current losses to claim a tax refund from previous years when they made a profit. Read More FTC extends Red Flags Rule enforcement deadlineNew York--The Federal Trade Commission (FTC) has decided to delay enforcement of the Red Flags Rule from Nov. 1, 2009, until June 1, 2010. Read More Gold buy-backs of interest as IRS visits jewelersNew York--The Internal Revenue Service (IRS) will soon be examining jewelers' anti-money-laundering (AML) programs for U.S. Patriot Act compliance, and with the rising number of jewelers doing gold buy-back programs, more retailers may need to be in compliance. Read More E-Commerce DevelopmentsU.S. 3Q online retail spending dips 2 percentReston, Va.--U.S. online retail spending dropped 2 percent in the third quarter to $29.6 billion, representing the first time on record that consecutive quarters have seen negative e-commerce-spending growth compared with the same quarter the year prior, according to the latest report from ComScore. Read More Jury rules against Blue Nile in Yehuda suitSeattle--A federal jury in Seattle recently ruled against Blue Nile Inc.'s $60 million lawsuit accusing The Yehuda Diamond Co. of false or misleading advertising because of its price comparisons with the online jeweler, according to a Yehuda news release. Read More 
Study: TAG, Tiffany tops in digital competenceNew York--TAG Heuer and Tiffany and Co. top the watch and jewelry categories, respectively, in a new study that measures luxury brands on their digital competence. Read More |
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