Latest Retail

Jewelry One of Top Holiday Gifts This Year – Mastercard

Overall Black Friday sales rise 3.4% year on year.

Revenue from segment down 11% year on year.

High gold prices weaken consumer sentiment and lead to revenue decrease of 27%.

Individual intentionally made erroneous accounting entries for delivery expenses, company says.

High gold prices increased costs and impacted sales.

Some 30% of 18- to 24-year-olds favor this category, according to NRF survey.

What tax cuts, tariffs and immigration policy could mean for consumer demand.

High gold prices and significant drop in demand for natural-diamond jewelry hurt sales.

There is some optimism that a positive US shopping season will stimulate trading to reduce inflated inventory levels.

Strong employment market and falling energy prices also boost spending.

Paris Peace Forum meeting also touches on responsible sourcing, workers’ rights, and respect for local communities.