Charming Charlie is no more

Charming Charlie failed in its second attempt at Chapter 11 bankruptcy and will close the remaining 261 stores. Numerous factors, including “onerous leases” and liquidity problems, made it “increasingly difficult” for the retailer to pay its expenses (including $47.4 million in annual rent costs) and $81 million in debt, according to Charming Charlie CFO Alvaro…

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Rhodium and Palladium

RHODIUM (Rh) Of the 92 naturally occurring elements, 75 are metals, and Rhodium (Rh) is the most expensive of the noble elements. Its cost is twice that of gold. It is in the platinum family of metals. Rhodium (Rh), a noble metal, has been deemed the world’s most expensive precious metal. The element was discovered…

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Credit card mismanagement adds to Millennials financial woes

This is the group who not long ago held a healthy aversion to credit card debt. All that has changed now. From 2008 to 2012, only 41% of those in their 20s had a credit card. That number has grown to 52%, as millennials seem to be succumbing to our credit-crazed culture. Unfortunately, a large…

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stores that have fallen off NASDAQ

Stein Mart and Pier One stock has fallen so low NASDAQ has put them on notice that their shares must be at $1 or more for 10 consecutive days or its goodbye Charlie. Stein Mart at one time had quite a few recognizable brands and the prices were competitive, and the jewelry was top of…

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Summertime

Summertime conjures up all kinds of great memories spent at the beach. Stacks of little bracelets made of rope with seashells and little gold bracelets, and silver bracelets and of course this would show your tan line when taken off. These were fun times. And the big beach ball with primary colors that we threw…

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Three Top Female Exec in Jewelry Business

Top three Female Executives in the Jewelry Business, names you will recognize if you are a jewelry aficionado. NADJA SWAROVSKI It’s amazing to see how the fashion-jewelry industry has truly evolved over the last 20 years, and I hope we’ve had a positive contribution. We took a big ­effort to get away from the term costume…

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Jewelry and Retail News

This is an interesting case about New Orleans Quarterback Drew Brees and his purchase of colored diamonds. In his years as an expert witness, testifying in more than 100 cases, Cos Altobelli (pictured) has been involved in some big trials. But when the veteran appraiser testified at New Orleans Saints quarterback Drew Brees’ lawsuit against…

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The Wealth Gap is a retail problem

This month marks the 10 years of economic growth on Wall Street, not so for Main street. That’s hardly good news for retailers, considering how many have had to shutter stores, more so far this year than all of 2018, and work to address new shopping preferences and, in some cases, declare bankruptcy. If howls…

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Rent the Runway

In this day and time when it is mandatory to dress for work or for entertaining but your budget does not allow the purchase of designer clothing, Rent the Runway seems to be the answer for many. The cost is $159.00 a month to pick from the designer clothing and have the option to buy…

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