Tiffany's 3Q sales drop
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 expenses and...
Mervyns gets green light to go out of business
Hayward, Calif.--Regional retailer Mervyns LLC announced this week that the court has authorized the company to hold going-out-of-business sales at its remaining 149 stores.
Tiffany 2Q sales up 11 percent
New York—Second-quarter net sales for Tiffany and Co. worldwide increased 11 percent to $732.4 million for the three months ended July 31, largely buoyed by sales growth in the Asia-Pacific...
Saks sales slip 5.3 percent in July
New York—Same-store sales at Saks Inc. decreased 5.3 percent for the four weeks ended Aug. 4, and owned sales decreased 4.6 percent to $192.1 million, compared with $201.4 million for the same...
Wal-Mart 3Q net sales up 7.5 percent
Bentonville, Ark.—Net sales at Wal-Mart Stores Inc. increased 7.5 percent to $97.63 billion for the third quarter ended Oct. 31, compared with $90.83 billion for the same period last year, the...
Mervyns gets green light to go out of business
Hayward, Calif.—Regional retailer Mervyns LLC announced this week that the court has authorized the company to hold going-out-of-business sales at its remaining 149 stores.
Fortunoff requests Chapter 11 case dismissal
New York—Fortunoff Fine Jewelry and Silveware LLC has reached an agreement with a group of its creditors and is asking the court to dismiss its Chapter 11 bankruptcy case, court papers show.
Blue Nile 3Q sales dip 2.9 percent
Seattle--Net sales at jewelry e-tailer Blue Nile decreased 2.9 percent to $65.4 million for the third quarter ended Sept. 28, compared with $67.4 million for the same period last year, the company...
Court grants Fortunoff's request for Chapter 11 dismissal
New York—A bankruptcy court judge has agreed to dismiss Fortunoff Fine Jewelry and Silverware LLC's Chapter 11 bankruptcy protection case, provided the company pays all of its final administrat...
Timex appoints new senior VP
Middlebury, Conn.—Timex Group B.V. has announced the appointment of Kathleen Walas as senior vice president of corporate communications and corporate social responsibility, effective immediatel...
Saks October sales drop 16.6 percent
New York—Same-store sales at Saks Inc. were down 16.6 percent for the four weeks ended Nov. 1, and owned sales decreased 18.6 percent to $219 million, compared with $269.1 million for the same...
Wal-Mart 3Q net sales up 7.5 percent
Bentonville, Ark.--Net sales at Wal-Mart Stores Inc. increased 7.5 percent to $97.63 billion for the third quarter ended Oct. 31, compared with $90.83 billion for the same period last year, the...
Blue Nile 3Q sales dip 2.9 percent
Seattle—Net sales at jewelry e-tailer Blue Nile decreased 2.9 percent to $65.4 million for the third quarter ended Sept. 28, compared with $67.4 million for the same period last year, the...
Macy's October sales down 6.3 percent
Cincinnati—Same-store sales at Macy's Inc. decreased 6.3 percent for the four weeks ended Nov. 1, and total sales were down 6.9 percent to $1.72 billion, compared with $1.85 billion for the...
Mervyns going out of business
Mervyns announced today plans to conduct going-out-of-business sales at all of its stores after attempts to find a buyer failed.
Jewelers Mutual earns A.M. Best's top rating
Neenah, Wis.—For the 22nd consecutive year, Jewelers Mutual Insurance Co. has earned A.M. Best's A+ Superior rating.
Creditors seek bankruptcy for Friedman's
Wilmington, Del.—A group of jewelry companies owed $9.1 million by Friedman's Inc. are trying to force the company into Chapter 7 bankruptcy, The Associated Press reported.
Saks sales drop in August
New York—Same-store sales at Saks Inc. decreased 5.9 percent for the four weeks ended Sept. 1, and owned sales decreased 6.1 percent to $200.5 million, compared with $213.5 million for the same...
Signet 3Q sales down 6.6 percent
Same-store sales at Signet Jewelers dropped 6.6 percent for the third quarter ended Nov. 1, and total sales decreased 7.3 percent on a reported basis to $629.4 million, compared with the same period...
Signet 3Q sales down 6.6 percent
London—Same-store sales at Signet Group PLC dropped 6.6 percent for the third quarter ended Nov. 1, and total sales decreased 7.3 percent on a reported basis to $629.4 million (4.3 percent at...