10 groups hold center court on luxury items

There is a $300 billion personal luxury goods market and it all comes from only 10 companies, designers, or brands. This includes accessories, fragrances, cosmetics, any personal luxury items. LVMH, Estee Lauder, Richemont, Kering, Luxottica Group, Chanel, L’Oreal Luxe, Swatch Group, Chow Tai Fook Jewellery, and PVH Corp, in that order, took the top spots,…

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Jewelry Industry Crackdown

Yesterday, U.S. State Department officials delivered a blunt message to industry groups and companies at a meeting in New York City: Jewelry businesses must know and declare where all their materials originate from or they will be subject to new regulations. The jewelry industry has already been told about this, but apparently someone was not…

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Gemstones of Ancient Egypt

National Geographic Museum in Washington D.C. has a newly opened Queens of Egypt Tour. Of course, there was also a jewelry component to the show. Ancient Egyptians took their adornments seriously—chiefly as protective talismans and displays of social status. And the seven ancient queens profiled in the exhibit (including Nefertiti, Nefertari, Hatshepsut, and Cleopatra) ruled Egypt…

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End of week news, retail and jewelry

As e-commerce climbs to a 25 percent of the retail market by 2026, it is expected that there will be 75,000 more store closings. Of that there are 21,000 clothing stores, 10,000 consumer electronics, 8,000 home furnishing stores, and 1,000 home improvement stores. For every 1% increase by e-commerce, means a store closing of 8,000…

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E-commerce not to blame for store closings

Store closings are a bit alarming, especially a store that has been around for quite awhile. We remember going to that store and how well it did and how much we loved shopping there and now it is closing, for good. Bob Phibbs, CEO with a New York-based consultancy firm, The Retail Doctor went shopping.…

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Where our teens like to shop and more closures

Teens spend $2600.00 a year on food and clothes. Luluemon, Amazon, and Ulta are the favorites for shopping and Chipotle and Chick-fil-A are favored places to eat. 8,000 teenagers were asked where they shop and like to eat and these were the favored places. The average age was 16 and 54 percent male and 46…

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Store closings for 2019 so far

Blame store closings on e-commerce or bad management whatever. The sad thing is there are some favorites for many that will no longer exist. Some are a surprise and some are like how did you last this long. A lot of the blame according to Forbes is the problem who is running the show. You…

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Big Surprise, Jareds has highest customer retention.

Jared the Galleria of Jewelry had the highest numbers in customer loyalty than five other chain store for this past Valentines Day. Cuebiq in New York an intelligence and measurement company measured the numbers. Using location data from 72 million app users, they analyzed the data on how many times customers visited, Jared, Zales, Swarovski,…

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