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• Market Report May 18, 2012

  Stocks Book Worst Week of 2012 Amid Tepid Facebook Debut - NEW YORK (TheStreet) -- Stocks declined Friday, wrapping up the worst week for the markets in 2012, as Facebook was only able to muster a slight gain in its public debut and continued eurozone worries weighed on the broad market. After pricing late Thursday at $38 per share, the social networking giant's stock began trading late Friday morning after a number of delays attributed to communicatio...
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• Hearts On Fire Plans Chain of 75 Stores

  May 18, 2012

  Hearts On Fire unveiled a new design concept at the opening of its store at the Forum Shops in Las Vegas that marks the beginning of an aggressive international retail expansion strategy.By the end of 2013, Hearts On Fire plans to sign at least 10 to 15 additional leases for new locations across major metropolitan areas in the United States. The...

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• Bidz Bought, To Go Private

  May 18, 2012

  Bidz.com, an online jewelry retailer, has entered into a merger agreement with Glendon Group.Glendon Group will acquire Bidz.com for $0.78 per share in cash. The proposed transaction is expected to close in the fourth quarter of 2012.At the transaction’s completion, Bidz.com will become a privately held company and its stock will no longer trade...

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• Fashion & Jewelry Panelists Dish at WJA Metro Chapter’s Style Panel

  May 18, 2012

  Jewelry’s salability amidst competition from shoes and bags, and what to call costume baubles were among the topics at this week’s panel discussion co-hosted by the Metropolitan Chapter of the Women’s Jewelry Association and VERANDA magazine. Design and style experts met this week at the Hearst Tower in New ...

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• Tiffany & Co. Names New Senior Vice President

  May 18, 2012

  Tiffany and Co. promoted Andrew W. Hart to senior vice president of diamonds and gemstones.Hart, 44, has been with the company since 1999 and has served as vice president of diamonds and gemstones since 2002. Tiffany and Co. promoted Andrew W. Hart to senior vice president of diamond and gemstones. ...

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• NYSJA To Host Sales Seminar With Jim Ackerman

  May 18, 2012

  On May 23, the New York State Jewelers Association will hold a seminar titled “How to Get More Customers Who Will Pay You More Money, More Often,” presented by Jim Ackerman, president of Ascend Marketing.The event will take place at 6:30 p.m. at Sam's of Gedney Way in White Plains, N.Y. On May 23, the New Yo...

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• Blue Nile Senior Vice President to Retire

  May 17, 2012

  Sue Bell, senior vice president of Blue Nile, plans to retire on June 15.Bell has been with the company since 2001. She currently oversees Blue Nile’s merchandising, planning, and diamond supply functions.The company is currently searching for a candidate to fill her position.Blue Nile recently announced that its first quarter sales increased 3....

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• Tiffany Elects New Board Member, Increases Quarterly Dividend

  May 17, 2012

  Tiffany & Co. announced that its stockholders elected Robert S. Singer to its board of directors.Singer, 60, has held a variety of senior level corporate positions including chief financial officer of Gucci Group NV. He will chair the board’s audit committee and replaces J. Thomas Presby, who reached the mandatory retirement age. Singer join...

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• What’s Selling in Stores This Week: Men’s Jewelry

  May 17, 2012

  We asked four retailers located in four corners of the country to share their top-selling men’s jewelry looks this week.NORTHDiesinger & Dolan, Bryn Mawr, Pa. We asked four retailers located in four corners of the country to share their top-selling men’s jewelry looks this week. ...

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• 5 Tips for Jewelers on How to Handle Layoffs

  May 17, 2012

  Though the economy has shown signs of at least a partial recovery (wake up, you!), business is still sputtering for many jewelry retailers. And when sales are down, the reduction of sales staff is often a necessary evil. But, says outplacement expert Kate Wendleton, you don’t have to be diabolical when letting employees go.In fact, it may work a...

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• J.C. Penney Suffers $163 Million Net Loss in Q1

  May 16, 2012

  J.C. Penney suffered a net loss of $163 million in the first quarter of 2012, compared with a $64 million profit last year.The company’s total sales declined 20 percent to $3.15 billion. J.C. Penney recorded a net loss of $163 million in the first quarter of 2012, compared to a $64 million profit last year. ...

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