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Market Report

 
  • Contest uses radio, video, Web, billboard and store
    A radio contest put together by Schwarzschild Jewelers and Cox Media Group has resulted in the engagement of a local couple.
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  • Watch sales tracking service adds 25 brands
    LGI Network announced recently that it has added 25 new watch brands to its retailer point-of-sale tracking service, Time Tracker.
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  • Gold buyback site sharing proceeds with charities
    SellYourGold.com is teaming up with international recycling company TerraCycle Inc. to add a charitable aspect for consumers who are selling their precious metal jewelry for cash.
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  • M-commerce, service top retailers' 2012 agendas
    The coming year will be all about the customer, especially when it comes to reaching and serving them via online channels, a new study finds.
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  • Pandora sales flat, announces exchange program
    Pandora has announced a program that will allow retailers to swap out discontinued merchandise for best-sellers on a one-for-one basis, a move that will be a drag on sales throughout 2012.
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  • 'Ostentation' out, value in for affluent consumers
    Although leading luxury brands such as Richemont and LVMH have recently announced remarkable revenue and profit growth, the latest results of a luxury consumer confidence and spending survey conducted by Unity Marketing say differently.
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  • Providence Jewelers Club announces new officers
    The Providence Jewelers Club has named David White of Butler & Messier Insurance in Pawtucket, R.I., as director of its board.
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  • U.S. comps rise 22% for Michael Hill
    Same-store sales improved and losses narrowed in the United States for Australian jeweler Michael Hill, the company announced last week.
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  • Gitanjali's U.S. retail quarterly sales rise 8%
    The 111 stores Mumbai-based Gitanjali Gems Limited operates in the United States grew in both sales and profitability in the third quarter, results released last week by the company show.
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  • U.S. drop in demand for gold is moderating
    Demand for gold jewelry in the United States fell again last year, though there are indications the continued decline is bottoming out, the World Gold Council said in its latest report.
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