Latest Retail

Luxury Timepieces Spur Strong Sales at Birks

Jeweler also benefited from renovated stores and increased online engagement.

Acquisition of Bevilles chain kept company in the black during first half.

Revenue from products containing the yellow metal up 80% year on year in third quarter.

Holiday period saw UK shoppers opt for other categories instead, retailer notes.

Buccellati, Cartier, and Van Cleef & Arpels saw robust demand in China, Hong Kong and US.

Sales reach $964.4 billion for the period, according to US Census Bureau.

Revenue up 46% year on year in third quarter.

192 more locations closed down last year than in 2022.

Revenue up 22% year on year in third quarter amid store openings in US, Singapore, and Dubai.

Revenue from synthetic diamonds up 83% year on year in fourth quarter.

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