IndependentsJun 15, 2026
DeBoulle Diamond & Jewelry to Renovate Dallas FlagshipThe revamped, elevated space will feature a two-story Patek Philippe atelier and a rooftop patio for parties.
FinancialsFeb 27, 2014
Earnings roundup: Kohl’s, Sears
Kohl’s and Sears reported declines in same-store sales in the fourth quarter, despite it being the period that includes the all-important holiday season.
New York--Kohl’s and Sears reported declines in same-store sales in the fourth quarter, despite it being the period that includes the all-important holiday season.
Kohl’s comps were down 2 percent in the three-month period while Sears’s U.S. same-store sales decreased by 6 percent, hurt by declines in the majority of merchandise categories.
Below are highlights from the fourth quarter and full-year financial statements released Thursday by the two companies, both of which are major sellers of fine jewelry.
Kohl’s Corp.
Kohl’s announced that same-store sales were down 2 percent year-over-year in the fourth quarter, compared with a 2 percent increase in the same period last year.
Total sales for the three-month period ended Feb. 1 also were down, decreasing by 4 percent to $6.1 billion versus $6.34 billion in 2012.
Operating income was down from $686 million to $609 million in the quarter, an 11 percent decline.
The company did not address the reasons behind the poor performance, saying instead that they were pleased with sales during the November and December holiday season and that they believe that “inventory levels and assortment are well-positioned for the transition into spring.”
Comps also were down for the retailer’s fiscal full year, decreasing by 1 percent. Net sales declined 1 percent for the 12-month period, decreasing from $19.28 billion in 2012 to $19.03 billion in 2013, while operating income decreased by 8 percent to $1.74 billion.
Kohl’s said that it ended the year with 1,158 stores across 49 states, compared with 1,146 stores at the same time last year. The company opened 12 new stores and completed 30 remodels in 2013.
In 2014, the company expects same-store sales to increase a maximum of 2 percent and total sales to increase between 0.5 percent and 2.5 percent.
Sears
U.S. same-store sales were down 6 percent year-over-year for Sears Holdings, comprised of a 5 percent decrease at Kmart and an 8 percent decrease at Sears.
According to the retailer, the decline at Kmart reflects decreases in a majority of categories, including consumer electronics, grocery and household, toys, and drugstore.
The decline at Sears reflects decreases in most categories as well, including the consumer electronics, tools and home appliances categories, which were partially offset by an increase in the lawn and garden category.
Total revenues for Sears Holdings fell 14 percent year-over-year in the quarter, decreasing from $12.3 billion to $10.6 billion in 2013.
Editors' Picks
Sponsored by
For the full fiscal year, domestic comps were down 4 percent while revenues went from $39.9 billion last year to $36.2 billion in 2013, a 10 percent drop.
The retailer did report, however, that its online and multi-channel sales grew 10 percent year-over-year.
Sales from the retailer’s Shop Your Way rewards program members in full-line Sears and Kmart stores were up from 58 percent during the fourth quarter of last year to 72 percent this year, and also climbed from 59 percent to 69 percent during the full year.
“During 2013, we made progress in our continuing transformation into a member-centric retailer leveraging Shop Your Way and integrated retail, which we believe will position us for enhanced growth and profitability to create long-term shareholder value,” said Sears Holdings chairman and CEO Edward Lampert.
“Our full-year results are impacted during this transformation as we continue supporting traditional promotional programs and marketing expenditures while we invest in our Shop Your Way program and integrated retail strategy. We have been investing hundreds of millions of dollars annually in our transformation and will continue to invest in the future of the company.”
More on Financials
The Latest
WatchesJun 15, 2026
G-Shock, Coca-Cola Partner on Bottle-Inspired WatchThe special-edition piece marks the 140th anniversary of the iconic beverage brand.
TrendsJun 15, 2026
Amanda’s Style File: Tiny Charms Are TrendingHere are 13 small charms to inspire your layered looks this summer.
Brought to you by
Building the Future of Jewelry Retail: DCA Expands Education, Leadership Development, and Workforce SolutionsDCA is preparing the next generation of professionals by supporting workforce development, leadership growth, and career advancement.
AuctionsJun 12, 2026
16th-Century ‘Hogback’ Diamond Ring Going Up for Auction in LondonFound by a metal detectorist, the ring likely belonged to a wealthy, possibly royal, owner, said Noonans.
Weekly QuizJun 11, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
CollectionsJun 12, 2026
Chouette Designs To Launch Collection Celebrating All Types of LoveOur Pride Month Piece of the Week, the “Margaux” ring, is part of the wife-and-wife team’s new “Lovestoned” collection.
Events & AwardsJun 12, 2026
CBG Announces Plans for Phoenix ShowThe group has named the keynote speaker and announced a new pavilion for its next event, which is slated for September.
Brought to you by
All Eyes on Gold Prices. Alternatives to Look For. And What to BEWARE of in VegasAs gold prices rise, today’s retailers are looking for alternatives at prices that will appeal to wider audiences.
EditorsJun 11, 2026
This Was the Best Animal Jewelry in Las Vegas From lions and hippos to snails and fish, Senior Editor Lenore Fedow wrangles her picks for cutest jewelry critters in Las Vegas.
SourcingJun 11, 2026
Grandview Klein, London Jewelers Partner To Cut 63-Carat RoughThe big stone will be fashioned into a 20.26-carat diamond in celebration of the retailer’s 100th anniversary this year.
MajorsJun 11, 2026
Former Cartier Creative Director To Head Chanel’s Jewelry Creation StudioMarie-Laure Cérède will join Chanel as the new director of its jewelry creation studio, starting in October.
Lab-GrownJun 11, 2026
Smiling Rocks’ ‘Wish Jar’ Generates 100+ Wishes in Las Vegas At the JCK show, the lab-grown diamond brand teamed up with Jewelers for Children to support Make-A-Wish India.
SourcingJun 11, 2026
Signet Jewelers Exec Joins Diamonds Do Good BoardIlana McCabe is Signet’s vice president of public relations and brand communications.
AuctionsJun 10, 2026
31.62-Carat ‘Azure Blue’ Diamond Sells For $8M+ at Christie’sIt was a banner day for blue gemstones, with another blue diamond topping $8 million and a 41-carat sapphire going for $2.3 million.
MajorsJun 10, 2026
Saks Global Receives Bankruptcy Court Approval for ReorganizationThe approval means the retailer is on track to exit bankruptcy proceedings this summer.
CrimeJun 10, 2026
2 Suspects Arrested in Texas Jewelry Store RobberyThe men are believed to be part of the group of several masked suspects that robbed Marc Robinson Jewelers in April.
CollectionsJun 10, 2026
Sylvie Debuts ‘Elevated’ Bridal Collection Inspired By Designer’s RingThe bridal-focused brand is also launching its Custom Atelier this summer, a digital custom design tool for its authorized retailers.
EditorsJun 09, 2026
Q&A: Al Cook on the Lab-Grown ‘Bubble,’ Dwindling Diamond Supply The De Beers Group CEO also discussed tariffs, Desert Diamonds, and the pending sale of De Beers in an interview with Michelle Graff.
MajorsJun 09, 2026
Wilkerson's Russ Whitehouse RetiresThe industry veteran is bringing his 56-year run in the fine jewelry sector to an end.
Events & AwardsJun 09, 2026
Pride Month Panel to Highlight LGBTQ+ Jewelry VoicesThe panel discussion will feature LGBTQ+ leaders across the jewelry, luxury, and creative industries.
CollectionsJun 09, 2026
Marie Lichtenberg’s New Capsule Collection Is a Smash, LiterallyInspired by a locket that got run over, the “Smash” capsule collection reimagines the shape of Lichtenberg’s signature style.
MajorsJun 09, 2026
Frederick Goldman Names Director of Sales for SoutheastThe company has promoted Katherine Whitacre to the role.
MajorsJun 08, 2026
Stuller Expands Selection of Lab-Grown Diamonds, Demi-Fine JewelryThe jewelry manufacturer has added Taylor Swift-esque diamond shapes, and more silver, gold vermeil, and gold-plated jewelry.
SourcingJun 08, 2026
Sally Morrison to Depart De Beers This Summer Morrison has been marketing diamonds on and off since the early 2000s and said she is leaving to “pursue new projects.”
TrendsJun 08, 2026
Amanda’s Style File: June’s Birthstone TrioThose born in June can celebrate with pearl, alexandrite, and moonstone jewelry.
TechnologyJun 08, 2026
Overnight Mountings Launches Ring Builder PlatformThe platform allows retailers to guide clients through a customizable engagement ring buying experience in a branded interface.
IndependentsJun 05, 2026
Pennsylvania Jewelry Store To Close After 79 YearsJim Springer, owner of Dunkelberger’s Fine Jewelry, is heading into retirement.
