Bulgari forecasts first quarterly loss since 1999
Rome--Bulgari SpA is expecting a first-quarter loss for 2009, a decline that, if proven true, would make it the first such quarterly loss for the company since 1999, a spokesman for the brand has...
Tiffany's 3Q sales drop
New York--Weak U.S. sales led to a 1 percent drop in overall sales and a 7 percent drop in same-store sales for Tiffany and Co. for the third quarter, and the retailer says it is planning to cut...
Saks December sales down 19.8 percent
New York--Same-store sales at Saks Inc. decreased 19.8 percent for the five weeks ended Jan. 3, and owned sales decreased 18.9 percent to $363.3 million, compared with $447.7 million for the same...
Easter give slight boost to April sales
New York--Overall U.S. chain store sales increased 0.7 percent last month, due primarily to a shift in the Easter holiday from March to April this year, according to the latest study from the...
Revenues slide 58 percent at Sotheby's
New York--Revenues fell 58 percent in the first quarter for international auction house Sotheby's.
Blue Nile reports better-than-expected 1Q results
Seattle--In what may be another sign that jewelry sales are on the mend, online retailer Blue Nile Inc. reported a sales decline of 11.4 percent in the first quarter of 2009, a marked improvement from...
QVC jewelry sales slip amid 1 percent '08 decline
Englewood, Colo.--Multichannel retailer QVC experienced only a slight drop in sales in 2008, despite a difficult fourth quarter and slipping jewelry sales.
Birks and Mayors 3Q sales drop 23 percent
Montreal--Same-store sales decreased 23 percent at Birks and Mayors Inc. for the 13-week third quarter ended Dec. 27, 2008, and net sales decreased 28.2 percent to $88.1 million compared with $122.6...
Zale comps slip nearly 4 percent
Irving, Texas--Despite its efforts to offer new merchandise and update the look of its stores, Zale Corp. announced that its same-store sales declined 3.7 percent in the first quarter 2009 amid...
Sales down 50 percent for Bidz.com
Culver City, Calif.--Sales declined 49.6 percent in the first quarter of 2009 for Bidz.com, as the macro-economic environment continues to impact sales for the online auction and retail company.
Signet 4Q sales down 14.9 percent
Hamilton, Bermuda--Same-store sales at Signet Jewelers Ltd. decreased 14.9 percent for the 13 weeks ended Jan. 31, and total sales decreased 18.9 percent (12.8 percent at constant exchange rates) to...
NRF: Late Black Friday darkens November sales
Washington--Though shoppers came out in full force on Black Friday weekend, the National Retail Federation (NRF) says Thanksgiving's later date this year is one factor that contributed to a drop in...
2008 U.S. sales plunge at Tiffany
New York--Sales slid in 2008 for retail stalwart Tiffany and Co., a decline fueled largely by weakness in the Americas, especially toward year's end.
Signet holiday sales down 15.2 percent
London--Same-store Group sales at Signet Jewelers dropped 15.2 percent for the nine weeks ended Jan. 3, 2009, and total sales decreased 19.4 percent on a reported basis (13.1 percent at constant...
Tiffany looks to reduce staff through retirement plan
New York--Luxury retail jeweler Tiffany and Co., which recently announced a drop in sales for the third quarter, is now making plans to adjust its staffing levels in the United States.
Tough time for watch sales
New York--Watch sales are suffering at the hands of the economic slump like the rest of the luxury market, but more modestly priced and classic timepieces are poised to hold their own better than...
LVMH reports slight uptick in sales for 1Q
Paris--LVMH Moet Hennessy Louis Vuitton (LVMH) reported an overall increase in reported revenue of 0.4 percent for the first quarter of 2009, the company announced on Wednesday.
Slow turn in economy not changing shopping habits
Washington, D.C.--Consumers need more proof the economy is slowly turning around as April retail sales show people continuing to cut back on discretionary spending, according to the National Retail...
Sales slip 27 percent for Charles and Colvard
Morrisville, N.C.--Charles and Colvard experienced a 27 percent decline in sales for the first quarter of 2009, the company announced on Tuesday.
Holiday sales decline 21 percent for Tiffany
New York--"Cautious" consumers resulted in a 21 percent drop in worldwide holiday sales for normally solid Tiffany and Co., and it's a trend the company expects to continue well into the new year.