Holiday-Weekend Shopper Count Smashes Forecast December 4, 2024 Figure beats NRF’s original prediction by more than 13 million. Retail
Jewelry One of Top Holiday Gifts This Year – Mastercard December 3, 2024 Overall Black Friday sales rise 3.4% year on year. Retail
Hong Kong Luxury Decline Narrows Slightly in October December 1, 2024 Revenue from segment down 11% year on year. Retail
Luk Fook Shutters 175 Shops as Slow Demand Persists November 26, 2024 High gold prices weaken consumer sentiment and lead to revenue decrease of 27%. Retail
Macy’s Delays Results Amid Investigation into Employee ‘Hiding’ $154M November 26, 2024 Individual intentionally made erroneous accounting entries for delivery expenses, company says. Retail
Luk Fook Warns First-Half Profit Down by 50% November 25, 2024 High gold prices increased costs and impacted sales. Retail
Younger Shoppers Most Likely to Gift Jewelry for Holidays November 24, 2024 Some 30% of 18- to 24-year-olds favor this category, according to NRF survey. Retail
Is Donald Trump Good for Diamonds and Jewelry? November 21, 2024 What tax cuts, tariffs and immigration policy could mean for consumer demand. Retail
TSL Questions Ability to Remain ‘Going Concern’ in Challenging Market November 18, 2024 High gold prices and significant drop in demand for natural-diamond jewelry hurt sales. Retail
US Retail Offers Hope for Recovery November 18, 2024 There is some optimism that a positive US shopping season will stimulate trading to reduce inflated inventory levels. Retail
