Latest Retail

US Online Spending Up in 2024 as Consumers Turn to Cheaper Goods

Shoppers shelled out $331.6 billion in the first four months of the year, according to Adobe Analytics.

Revenue down 0.4% year on year in first quarter.

Mother’s Day comes amid uncertain consumer sentiment.

Parties have had a partnership for over 10 years, with jewelry already available in 16 of group’s US showrooms.

Revenue up 21% year on year in fourth fiscal quarter.

New acquisition Vhernier, also operates a heritage silverware home decor brand.

Decrease was result of strong comparison with previous year, when tourism resumed following border reopening.

Sales from synthetic collection grew 87% and created a halo effect for jeweler’s other pieces.

Return to normalcy in China and Hong Kong following border reopening has led to increased spending.

Boucheron saw sharp double-digit growth, while Pomellato and Qeelin delivered outstanding performances.

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