Jewelry Scores for Macy’s, J.C. Penney

But Macy’s was weak in watches

Department stores Macy’s and J.C. Penney both singled out fine jewelry as a top-performing category this holiday.

“Sales were strong in fine jewelry, as well as furniture and bedding, reflecting the success of our initiatives in those categories,” said Terry J. Lundgren, Macy’s chairman and CEO, in a statement. However, the retailer saw a weakness in watches and handbags, he said.

Overall, Macy’s turned in a disappointing holiday performance, with comps sliding 2.1 percent.

J.C. Penney also praised fine jewelry as a solid performer, with chairman and CEO Marvin R. Ellison noting the department store “saw strength in appliances, outerwear, boots, toys, Sephora, and fine jewelry.”

The department store chain’s total holiday comps fell 0.8 percent, although e-commerce showed double-digit growth.

Kohl’s singled out the overall accessories category as weak, without getting more specific. Its November–December comps slid 2.7 percent.

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JCK News Director

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