CEO Dan Mano explains why RapNet became Rapaport Trade – and how the Price List will become truly transparent.
Category: Retail
Overall revenue down 14% year on year in fiscal third quarter.
Poor results at the US’s largest diamond retailer reflected a fragmented and changing market rather than a crisis in consumer demand.
Third-quarter revenue down 6% year on year, an improvement from first half.
Figure up 4% to $994.1 billion, comparable with pre-pandemic levels, according to NRF.
A total of 720 businesses shuttered, up 15% from 628 the previous year.
Category up 14% year on year for three months that ended December 31.
Jeweler now expects same-store sales to drop between 2% and 2.5%, down from previous prediction of 3% maximum increase.
Many of the soon-to-be-shuttered shops are in California, New York, Florida and Texas.
Revenue up 9% year on year to $241.4 billion, according to Adobe.
Purchases were tempered by $122 billion in returns.