US Retail Sales Up in July, Says NRF | The Jewelry Magazine

US retail sales increased in July, as consumers continued to spend despite fears over the escalating trade war.
US Retail Sales Up in July, Says NRF | The Jewelry Magazine

Total purchases — excluding automobiles, gasoline and restaurants — rose 0.4% over June sales and 4.9% year on year, according to data the National Retail Federation
(NRF) reported, citing the US Census Bureau. Online and other non-store sales climbed 11.3% year on year, the NRF noted.
“[The] numbers mirror the economy, which is in very good shape,” NRF chief economist Jack Kleinhenz said last week. “Consumer fundamentals remain healthy and continue
to provide wherewithal for consumers to drive domestic economic growth.”
The positive trend was also noted in the earnings reports of various department stores for the second quarter, which closed at the end of July, with jewelry listed
among the growth products.
“The retail environment remained strong in the first half of the year,” said Jeff Gennette, Macy’s CEO. “Sales were buoyed by strong consumer sentiment and good spending across all retail categories.”
Comparable-store sales — for locations open more than a year — were up 0.5% year on year in the second quarter at Macy’s, with the strongest growth in the fine jewelry, fragrances, active, dresses, kids’, men’s, luggage and furniture categories.
July comparable sales were ahead of J.C. Penney’s original forecast, rising 0.3% year on year in the second quarter, Jeffrey Davis, the company’s chief financial officer said. Children’s, jewelry, Sephora, women’s apparel and salon were the top performing divisions, Davis added.
The NRF recently revised its annual forecast for 2018. The organization now expects retail sales for the year to grow at least 4.5% over 2017, rather than its original prediction of 3.8% to 4.4% growth.
However, future spending may be affected if tariffs escalate, noted Kleinhenz.

Comments

Post a Comment

Popular posts from this blog

Anil Bharwani’s Whimsical Handcrafted Designs | The Jewelry Magazine

Image
One of the most beautiful collections we saw at the India International Jewellery Show (IIJS) 2018, held in Mumbai earlier this week, was by Anil Bharwani , a partner of Seth Sunderas & Sons . Among the most prolific designers we’ve come across of late and beloved by Indian customers, Bharwani churns out an average of 400 to 800 handcrafted pieces per collection. Influenced by anything from art nouveau to art deco, Bharwani works with diamonds, rubies, emeralds, tanzanite, pearls, coral (a stone that’s moving quite well in India), blue topaz, citrine, and amethysts in his jewelry creations. Some standouts at the show included a double-finger butterfly ring that spans the entire hand and, yes, the wings of the butterfly move; a ruby lotus flower cocktail ring whose petals open and close with a turn of the shank; and earrings made of precious stones that are affixed with small batteries that literally light up when worn. “Well, it’s all that I know how to do,” says Bharwani, mod...
Read more

COLLECTION: Emporio Armani presents delicate and feminine pieces for AW18 | The Jewelry Magazine

Image
Fashion house Emporio Armani has introduced new feminine and versatile designs for AW18. Named the Modern Garden, the new collection has been inspired by the shapes of flowers and petals, reworked with a contemporary touch. From statement earrings to delicate necklaces, pieces have been designed to fit the increasingly popular stacking and layering trend. Hero pieces include a delicate rose-gold plated necklaced adorned with tiny white mother-of-pearl flowers, paired with stud earrings featuring crystals, and a long and thin gold-coloured necklaced set with tiny filigree dragonflies. More Info: Jewelry News
Read more

What is Jadau Meenakari | An Ancient Kundan Meena Jadau Jewellery

Image
Add caption Jadau is a technique used in precious jewelry making. This technique is often misinterpreted and people think that it is a form of jewelry. However, jadau is a technique used in making Kundan jewellery and polki jewelry. So, while Kudan and Polik stones, Jadau is a technique is a to make Kundan and Polik Jewellery . Meenakari is a colorful style of refining ornaments during the Mughal era, Rajasthan is extremely popular with royalty.This is the art of coloring and ornamenting the layer of metals by fuze over it beautiful colors that are decorated in a sophisticated design. over the centuries, Meenakari was combined with the style of jewelry traditional Rajasthani Kundan jadau style of jewelry. The Kundan Meena Jewelry , therefore, is the result of this incredible artisan, and it takes several adjectives twice as to describe this incredible art. Mughlai Cuisine is not the only contribution of Moguls that which came to India centuries ago. Kundan is a type of jewelr...
Read more