Latest Retail

A Jewelry Safe Haven: US Market Shows Stability

Sales have stabilized after years of volatility, despite ongoing challenges, creating new opportunities for growth.

Jeweler saw positive market momentum in May and June.

Overall revenue down 18% year on year in fiscal first quarter.

Company sees deficit of $3.4 million for 12 months that ended March 30.

Revenue for first half down 14% year on year.

Jewelry segment up 2% even as overall revenue falls.

Month was flat compared to May, exceeding analysts' expectations.

Company falls to 67th place, 11 lower than last year.

Lower number of auspicious wedding dates also dented revenue.

May spending was weak compared to previous year, when border had just reopened.

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