Rapaport Magazine Shifts Focus to the Holidays
The September issue looks at the spending trends, gemstones, and styles shaping retail shopping this festive season.
Category: Retail
Revenue down 0.5% year on year to $1.53 billion for the period.
Consumer outlay is likely to rise 4.5%, a slightly higher increase than in previous seasons.
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.
Figure up 17% year on year to $1.64 billion in first half.
Stronger sales in key retail markets contributed to first half’s estimated improvement.
Spending down 0.6% from previous month to $763.6 billion.
Sales up 2% year on year to $1.11 billion.
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