JC Penney sees sales fall by 7.4% while online sales increase Thursday, 27th February 2014
Fashion retailer JC Penney reported a 7.4 per cent sales reduction today with a total sales decline of 8.7 per cent for the full-year 2013.
H. Samuel found implementing fake jewellery discounts Monday, 24th February 2014
H. Samuel instructed its staff to increase the price of gold jewellery for one month in an effort to make future price reductions appear more pronounced, according to a leaked memo.
Kering’s net profit falls by 95% Friday, 21st February 2014
Kering has revealed that its net profit had plummeted significantly by 95 per cent to EUR 50 million last year amid an extensive price withdrawal from its low-margin distribution businesses as it aimed to put its spotlight on luxury and sports brands.
Brits the biggest buyers of Swiss watches, according to figures Thursday, 20th February 2014
Figures released by the Federation of the Swiss Watch Industry have discovered that British consumers spent £643.2 million on timepieces from the region in 2013.
Strong start to the year for Swatch with 20% rise in profit Wednesday, 5th February 2014
Swatch Group is all set for a stand-out 2014 after the watch and jewellery retailer reported a 20 per cent rise in net profit for 2013.
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