Latest Retail

US Retail Sales See Post-Holiday Drop-Off

Extreme weather conditions also disrupted demand, as did spending on services.

Sales up 22% in third fiscal quarter.

Expansion of store network and lab-grown line also contribute to fourth-quarter hike.

Segment saw double-digit growth in fourth quarter, even as other categories fell.

Revenue from jewelry, watches, clocks and valuable gifts up 50% year on year.

Company reaches target over a year earlier than expected.

Consumers will lay out $6.4 billion on the category, according to a survey.

Revenue from jewelry and watches up 6% in 2023.

Revenue from segment up 3% for full year.

Jewelers and dealers are waiting for final holiday results before replenishing inventories.

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