Category: Retail

Titan’s Jewelry Revenue Soars in Fourth Quarter

Sales up 89% year on year thanks to new collections and strong consumer confidence.

Revenue up 6% year on year.

Higher gold prices and a change in sales mix are driving increase.

Revenue from jewelry, watches, clocks and valuable gifts up 27% year on year.

Danish retailer will also incorporate multi-material pieces to save money and generate broader appeal.

Sales in municipality up 59% year on year in fourth quarter.

Fourth quarter up 19% year on year overall, with same-store sales beating previous three periods.

Consumers will shell out $7.5 billion this year on the category, NRF predicts.

Consumer spending rose 7% year on year and 0.4% from February.

Segment saw ‘standout demand’ in Japan and Asia Pacific regions, says luxury group.

Executive compensation in the diamond and jewelry sector tends to track the market’s health – but the global situation is complex.