Press & News

VICENZAORO

JANUARY

- Press Review -

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07/20/2020

JUNE RETAIL SALES UP 8% IN USA

According to the US Department of Commerce, US retail sales were on the rise in June: retail sales, including food sales, rose 8% month-over-month in June to $524.3 billion. 

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07/14/2020

According to a new research from the De Beers Group, most consumers still want to buy diamond jewelry at a physical store, granted that proper covid-19 precautions are in place. This is true for millennials and echo boomer.

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06/25/2020

HOW SIGNET IS REOPENING

Signet Jewelers announced that is has reopened 1,100 of its 3,000-plus stores, with 80% fully open to the public and the remaining 20% doing curbside pickup only.

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06/19/2020

NEIMAN MARCUS ON GOOD TRACK

Neiman Marcus is on track to exit the bankruptcy process by the fall. On Tuesday the Southern division of Texas bankruptcy court approved Neiman Marcus’ plan to access debtor-in-financing. 

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06/10/2020

MACY'S REOPENING: BETTER THAN EXPECTED

Despite the ongoing pandemic, Macy’s announced that since reopening, stores have been performing better anticipated. 

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06/08/2020

JC PENNY CLOSES 154 STORES

One of the reasons for such move is that, after purchasing Whole Foods in 2017, the online line e-tailer is eager to expand its apparel business.  

 

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05/20/2020

AMAZON MAY BUY     JC PENNY 

One of the reasons for such move is that, after purchasing Whole Foods in 2017, the online line e-tailer is eager to expand its apparel business.  

 

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05/13/2020

NORDSTROM CLOSES SOME STORES 

Nordstrom announced that it will permanently close 16 of its least profitable stores, in order to weather the covid-19 stores closures.

 

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05/07/2020

NEIMAN MARCUS FILES FOR CHAPTER 11

Neiman Marcus Group Inc. filed for chapter 11 bankruptcy protection in Texas. The aim is to reorganize the business structure and to restart after bankruptcy. Indeed, the filing is expected to eliminate around $4 billion in debt.

 

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05/04/2020

SOME MALLS SET TO REOPEN IN MAY

Simon Property Group will reopen some of its malls and outlet centers later this week. Among others, Lenox Square in Atlanta and the Houston Galleria in Texas feature among the list of locations that will reopen.

 

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04/23/2020

SUSPENDED SOME TARIFFS FOR 90 DAYS

The Trump Administration announced that, due to the current conditions, tariff payments are suspended on certain imported good. Such payment delay does not extend to tariffs on goods from China or steel and aluminum imports.

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04/17/2020

According to an official statement form the Italian Exhibition Group (IEG), the 2020 edition of OroArezzo has been rescheduled for July 18th-21st.

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04/01/2020

SIGNET DETAIL FURLOUGHING MEASURES

Signet announced that employees will continue to receive pay through April 4, using a combination of base pay and paid-time-off provisions, will not perform work during this period, and are able to be able to retain health care benefits.

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03/31/2020

MACY’S IS FURLOUGHING MOST OF ITS EMPLOYEES

Due to the ongoing coronavirus, Macy's is furloughing a majority of its 125,000 employees and shifting to a minimum-workforce-needed in order to maintain basic operations. 

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03/25/2020

RETAIL ORG ASK FOR FEDERAL HELP

Retail trade organizations asked the Federal Government to enact measured aimed at facing liquidity issues, caused by the spread of coronavirus. The group stated how the sector could see a reduction of 20% or more in sales over a three-month period.

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03/19/2020

JCK LAS VEGAS 2020 EDITION POSTPONED

According to an official statement from Reed Jewelry Group, the 2020 edition of JCK Las Vegas, as well as its sister show Luxury, will be postponed.The events were respectively scheduled originally for June 2nd to June 5th and May 31st to June 5th.

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07/15/2020

According to a survey, 22% of U.S. shoppers aren’t buying as much jewelry online as they were before the pandemic, while 10% of respondents affirmed that they are buying more jewelry than before.

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07/10/2020

For the first time since 2011, the spot gold crossed the $1,800-an-ounce barrier on Wednesday. Since January 2020 the price of the yellow metal had seen a 20% increase, when it traded in the $1,500 range. 

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06/24/2020

VICENZAORO PRESENTS VOICE 

VicenzaOro and the Italian Exhibition Group (IEG) announced a new exhibition format called VOICE (VicenzaOro International Community Event). Scheduled for September 12th to 14th and to be staged at the Vicenza’s Expo Center.

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06/17/2020

MAY RETAIL SALES UP 18%

According to the US Department of Commerce retails sales, which include food sales, grew 18% on a month-over-month based to $485.5 billion.  

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06/09/2020

TIFFANY 'S SALES FELL IN Q1

Due to the closures caused by the ongoing pandemic, Tiffany & Co. registered a double-digit drop in worldwide sales. In the Americas, net sales fell 45% to $225 million with same-store sales down 45 % in Q1.

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05/26/2020

CANCELLED OROAREZZO 2020

The Italian Exhibition Group (IEG) announced that the 2020 edition of OroArezzo has been cancelled. The next event will take place in 2021.

 

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05/18/2020

JC PENNY FILES FOR CHAPTER 11

After struggling with debt and the effects of coronavirus, JC Penny Co. Inc. filed for Chapter 11 bankruptcy last Friday. Details and timing of store closure and other measures have not been disclosed yet. 

 

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05/09/2020

SIGNET REOPENS MANY STORES

After the temporary closure of all of its stores in March due to the pandemic, Signet Jewelers has reopened 114 of them, with another 55 open yet limited to curbside pickup. 

 

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05/06/2020

FRED MEYERS CLOSES SOME STORES 

According to National Jewelers, apart from the temporary closure of all its locations due to the coronavirus pandemic, 71 Fred Meyer Jewelers stores located within its Kroger Marketplace stores.

 

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04/28/2020

GOLD SET TO REACH 3000 $ PER OUNCE

According to Bloomberg News, in a report titled “The Fed can’t print gold”, two Bank of America’s analyst announced that the price of gold will head as high as $3,000 in the next 18 months.

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04/22/2020

CANCELLED BOTH JCK AND LUXURY 2020

Reed Jewelry Group announced that the 2020 editions of JCK Las Vegas and Luxury are cancelled. The next exhibition shows will take place in June 2021

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04/16/2020

On Wednesday, the spot price of gold crossed the $1,700 barrier, and it’s now trading at its highest level in seven years. Experts have noted that gold has typically served as a safe haven in times of crisis.

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03/27/2020

SIGNET ANNOUNCES COST CUTTING MEASURES

Signet enacts a series of cost-cutting measures aimed at facing the effects of covid-19. Among other, work hours and salaries cuts for both stores and support teams, furloughing, and board of directors’ retainer fees cuts by 50% and replaced by common stock.

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03/24/2020

SIGNET ANNOUNCES TEMPORARY CLOSURE

Signet Jewelers announced the temporary closures of all of its stores in North America. Online channels were recently enhanced and are not impacted by the measures. Stores will reopen based on guidelines set by government and health officials.

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