Although retail spending slowed a bit following the annually strong Black Friday, ShopperTrak RCT’s National Retail Sales Estimate on Tuesday reported combined Black Friday/Black Saturday sales increased 1.9 percent as compared to 2007–with each day posting total sales of $10.6 and $6 billion respectively.
Rohinton B Maloo, the first India representative of JCK magazine and the JCK Show, was killed during the Nov. 26 terrorists attacks in Mumbai.
As a part of this year’s AGTA Spectrum Awards, the American Gem Trade Association, in conjunction with MVI Marketing’s Jewelry Consumer Opinion Council division, introduced the new Consumer’s Choice Honors awards. The winners are as follows:
The GIA Gemological Research Conference originally scheduled for Aug. 21-23, 2009, has been canceled due to the downturn in the global economy, organizers said on the conference Web site.
More than 172 million shoppers visited stores and Web sites over Black Friday weekend, up from 147 million shoppers last year, a 17 percent increase, according to the National Retail Federation’s 2008 Black Friday Weekend survey.
Black Friday saw $534 million in online retail spending (excluding travel), up 1 percent compared with the prior year, according to digital tracking company comScore. For the combination of Thanksgiving Day and Black Friday, online sales were up 2 percent relative to last year.
The holiday shopping season got off to a healthy start as retail sales increased 3 percent over 2007—a day which increased more than 8 percent from Black Friday 2006, according to ShopperTrak RCT. Preliminary sales estimated at a daily rate for Black Friday totaled $10.6 billion.
Approximately $8.2 billion (excluding travel) has been spent online so far for the November – December holiday season, marking a 4-percent decline versus the corresponding days last year, according to comScore.
The Gemological Institute of America has honored Ralph Destino, GIA chairman emeritus, with its Richard T. Liddicoat Award for Distinguished Achievement, the highest tribute the Institute can bestow upon an individual.
Tiffany & Co. reported Wednesday that net sales declined 1 percent to $618.2 million in the third quarter, ended Oct. 31. On a constant-exchange-rate basis which excludes the effect of translating foreign-currency-denominated sales into U.S. dollars, worldwide net sales declined 2 percent and same store sales declined 7 percent, which includes a 14 percent decline for same stores sales in the U.S.