On Data: The Third Week of December
Sherry Smith shares independent jewelers’ sales figures for the third week of the month.
Sterling silver and alternative metals were up 13 percent in gross sales and down 1.4 percent in units sold. The average retail sale was up 14 percent and the discount rate dropped from 19 percent down to 11 percent.
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The mining giant also wants to offload its platinum business as part of an overhaul designed to “unlock significant value.”
The announcement coincided with its full-year results, with growth driven by its jewelry brands.
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Owner David Mann is heading into retirement.
While overall sales were sluggish, the retailer said its non-bridal fine jewelry was a popular choice for Valentine’s Day.
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