The Jewelry Symposium will honor two industry veterans with lifetime achievement awards at its upcoming May event.
This holiday season, it’s all about omnichannel
‘Tis the season for holiday surveys, with a recent one indicating that in order to be successful this holiday season, retailers are going to have to offer a consistent shopping experience across all channels.
New York--According to a few early predictions, this holiday season could turn out to be a happy one for retailers.
Market research company Emarketer has predicted that retail sales in November and December could reach $885.7 billion, a nearly 6 percent year-over-year increase.
In his latest sales update, industry analyst Ken Gassman also said that he is “cautiously optimistic” about the fourth quarter for a few reasons: consumers have “loosened their purse strings” and the mood of the U.S. shopper is more positive than it has been in years; jewelers have enough, and the right mix of, inventory; and most economic data is positive.
But, retailers that want to enjoy the spoils of consumers spending more money will have to offer a seamless, easy omnichannel experience and use multiple layers of advertising to attract them.
According to a recent study by advertising and customer engagement platform SessionM, people were holiday shopping before the summer was even officially over.
More than one-fourth of shoppers indicated that they would start their holiday shopping by the end of September, while more than 60 percent will have started by Black Friday. Only 9 percent actually start on Black Friday, with another 6 percent beginning on Cyber Monday.
Since people are starting their shopping earlier than ever, stores need to consider a multi-tier marketing approach to appeal to the early shoppers while also catering to the traditional shoppers, SessionM said.
One example that the firm gave was when Walmart kicked off the season by launching a holiday layaway program at the end of August followed by the debut of the “Toy Week,” which shows the hottest trends and toys for the upcoming holiday season, in September.
Consumers also are finding new ways to shop, searching for the best deals in store, online and on their smartphones, requiring retailers to adjust their approach if they want to increase foot traffic and offer shoppers unique omnichannel experiences.
This year, consumers will shop across many channels to find the best deals. Approximately 78 percent will do some shopping in store, 58 percent indicated they will shop online, and 43 percent said they will shop via mobile devices or smartphones.
“Retailers need to make multichannel shopping easy with mobile-optimized sites and multi-media, large product views,” SessionM said in the survey results, noting that mobile shopping experiences need to equal the in-store shopping experience in order to be successful.
SessionM’s survey found that 54 percent of shoppers said they would do the same in 2015.
Retailers can reach shoppers before they do this using beacon technology. This technology alerts apps or websites--which user has opted into--when someone comes or goes from a certain location. Using this, they can offer relevant and personalized deals as shoppers move through stores.
This is expected to be a big area this year, with Business Insider predicting that beacon will directly influence more than $4 billion worth of sales this year at U.S. retailers.
And since 74 percent of consumers will shop around at various retailers during the holidays rather than sticking to just their regular, consumers are up for grabs. Where they go will depend on sales and promotions (71 percent), quality of products (51 percent), familiarity with the retailer (40 percent), and whether or not they can earn loyalty or reward points for their purchases (39 percent).
The Latest

With their durability, brilliance, and beauty, diamonds are the perfect stone for everyday birthstone jewelry.

The retailer failed to file its annual report on time and said it may issue a going concern warning.

You deserve to know what you are selling–to protect your customers as well as your business and your reputation.

Smith recounts a recent trip to the post office that included an uncomfortable, embarrassing, and public exchange between two employees.


John Cowley, who has more than 30 years of experience, is succeeding Tearle as the lab’s chief financial officer.

Founder Erica Silverglide has designed 35 colorful pieces set with fluorescing gemstones for the brand's first finished jewelry offering.

Every jeweler faces the same challenge: helping customers protect what they love. Here’s the solution designed for today’s jewelry business.

“Ukrainian Jewelry | Contemporary Jewelry and Art Jewelry from Ukraine” features 33 contemporary Ukrainian designers and studios.

“The Golden Now” campaign celebrates the here and now with the brand’s signature styles and a selection of its new pieces.

Signet confirmed that Caffie, president of Zales and Banter, and Bentzen, who headed Blue Nile, have left the company.

The antique jewelry dealer talks about the importance of including Black Americans in jewelry history and preserving their stories.

Both its mines faced challenges last year, from operational issues to disruptions in the market.

Iconic pieces, like the Mike Todd Diamond Tiara, appear in the superstar’s new music video for her song inspired by the actress.

The luxury retailer, which went Chapter 11 in January, announced Thursday that it has secured $500 million in exit financing.

The NouvelleBox ballroom will feature independent jewelry designers, including Lene Vibe, Wyld Box Jewelry, and Kiaia Limited.

The one-of-a-kind locket, our Piece of the Week, opens to reveal three hidden images to keep close to your heart.

The new facility was also designed to better serve its growing customer base in Canada.

The campaign is a tribute to the year 1893, when Kokichi Mikimoto created the world’s first cultured pearl.

It is the only GIA school to offer the GIA Graduate Gemologist program in Chinese.

The initiative connects veterans and parents returning to the workforce with careers in jewelry retail.

The wholesale manufacturer and precious metals refiner has appointed Michael Angelo as its new national sales representative.

Foundrae also accused the jewelry giant of copying its mood board style of marketing.

A Patek Philippe for Tiffany & Co. timepiece owned by the American businessman who died on the Titanic will be offered at Freeman's Chicago.

The Conference Board’s Consumer Confidence Index edged up, with optimism about the present outweighing worries about the future.

The retailer’s Zach Bear gift comes to life in “Zach Bear and the Window Necklace,” which centers on curiosity, bravery, and helping.

Applications are open for the AGA Gemological Scholarship Program through May 15, and until June 2027 for the Gemological Research Grant.

























