JCK5: Jewelers Recent Financial Results Are Mixed

Publicly held jewelry companies’ recent financial results have been all over the map:1. Charm manufacturer Pandora Group’s U.S. sales were up 55 percent over last year.2. Same-store sales at Michael Hill’s eight U.S. locations rose 6.4 percent during the past year, but the division still lost $2.3 million.3. U.S. gold jewelry demand grew 2 percent in the second quarter of 2013, according to the World Gold Council. 4. Moissanite manufacturer Charles & Colvard saw second-quarter sales rise 29 percent over 2012 to $6.5 million but posted a $492,000 loss.Pandora’s silver and 14k gold bracelet with silver, 14k, enamel, and Murano glass charms; top: Murano cherry blossom charm5. J.C. Penney posted a $586 million net loss and 11.9 percent comp sales decline for the second quarter of 2013.

This content is exclusive to JCK Pro subscribers. Subscribe now to access this and much more with discount code GOPRO21 for $199 for an entire year of access (reg. $249).


Already a JCK Pro? Log in

A JCK Pro subscription is your all-access pass to people and resources on the
cutting edge of the retail jewelry industry, from the industry authority you
know and trust

Learn about the Perks of JCK Pro

Log Out

Are you sure you want to log out?

CancelLog out