Rapaport Intelligence Report: What the Industry’s CEOs Earn
Executive compensation in the diamond and jewelry sector tends to track the market’s health – but the global situation is complex.
Category: Retail
Sales likely to rise 6% this season.
Consumer spending up 1.2% to $773.9 billion for the month.
Consumer outlay is likely to rise 4.5%, a slightly higher increase than in previous seasons.
US sales likely to increase as much as 4.8% year on year for November-to-January period.
Retailer now expects net revenue of $21.68 billion to $21.83 billion.
Revenue down 0.5% year on year to $1.53 billion for the period.
Company “well-positioned” to deliver on projected 5% to 10% revenue growth, it says.
Revenue from the division, which includes three jewelry companies, stayed flat.
Revenue from jewelry, watches, clocks and valuable gifts up 20% year on year in July.
Group sales up 1.9% to $469.6 million.
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