The global jewelry retailer announced a net loss of $36.1 million for Q2 on Thursday, as the effect of falling sales in the company’s international segment were exacerbated by charges related to its transformation plan.
Two years after launching its first ecommerce site in the US, luxury watchmaker Omega has expanded its online business by unveiling an online shop in the UK. More countries are expected to be added in the near future.
The ability of the UK’s key malls to attract top tenants was further illustrated on Friday when Peterborough’s Queensgate shopping centre said that high-end crystal jewellery brand Swarovski will open there this spring.
The world’s largest retailer of diamond jewelry has signed onto De Beers’ pilot program for diamond blockchain Tracr, the first retailer to join a growing number of big diamond industry names trialling the platform.
UK and North America-focused jewellery giant Signet is planning to close over 200 stores as it announces a three-year Path to Brilliance 'transformation’ plan and faces an increasingly tough market for its US stores.
While footfall continues to decline across UK malls, London Designer Outlet posted a 4.5% increase over the Christmas trading period as shoppers hunted for fashion and lifestyle bargains. Revenue jumped 17.5%.