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Jeweler won’t accept cost changes to either in-progress or confirmed future purchase orders.
Solitaire diamond segment also saw a turnaround during fourth quarter.
Total will rise as much as 3.7% this year versus 3.6% in 2024, says trade body.
Revenue from jewelry, watches, clocks and valuable gifts down 14% compared to 18% the month before.
Low diamond demand and high price of gold led to 15% decline in 2024 sales.
Five takeaways from CEO J.K. Symancyk’s turnaround plan.
Retailer unveils new strategy to revive growth following sales dip.
Company will revive new acquisition and position it as a luxury, entry-level sibling business.
Revenue up 0.2% from the previous month to $722.7 billion.
Items costing less than $5,000 showed strongest consumer demand.

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