MajorsTop Story
Trent West, Penney's settle tungsten carbide suitA federal court in Texas has dismissed tungsten carbide ring king Trent West's patent infringement lawsuit against J.C. Penney Co. in a case that lawyers say provides the department store with unfettered access to a popular sector of the men's wedding band market.Read More Majors NewsSpotlightFinancial 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 Market Developments
Trent West, Penney's settle tungsten carbide suitA federal court in Texas has dismissed tungsten carbide ring king Trent West's patent infringement lawsuit against J.C. Penney Co. in a case that lawyers say provides the department store with unfettered access to a popular sector of the men's wedding band market. Read More Sears, Ultra, Blue Nile to avoid 'dirty' goldSears Holdings (parent company of Sears and Kmart), Ultra Stores and Blue Nile announced today their decision to shun irresponsible gold mining and seek cleaner sources of gold and precious metals. Read More Birks 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 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 Developments
Penney's 'Doghouse' lives to bark another seasonMen, consider yourself warned: J.C. Penney Co. Inc.'s award-winning "Beware of the Doghouse" viral marketing campaign is back for a second holiday season. Read More Paragon Lakes adds key features to VDCLexington, Mass.--In response to both retailer and consumer demand, Paragon Lake has added both a men's jewelry and a diamond and gemstone feature to its Virtual Display Case (VDC). Read More U.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 |
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