The company, which owns Cartier and Van Cleef & Arpels, had a record Q3, with sales topping $6 billion.
JCPenney Launches Wearables, New Bridal
The department store is underlining the importance of brick-and-mortar with its new fine jewelry and watch offerings.
Plano, T.X.--J.C. Penney is revamping its fine jewelry department.
The department store is branding its fine jewelry product with a new trademark that emphasizes the store’s long history, “JCPenney Co. Fine Jewelry, Est. 1902.”
The department store also has rolled out smartwatches from brands like Samsung, LG and Garmin in 245 stores nationwide.
Pam Mortensen, senior vice president of fine and fashion jewelry and watches, said in a press release: “Fine jewelry is an extremely personal purchase, boasting some of the most loyal customers in our store. By bringing the latest trends in smartwatch technology into our assortment, we have the chance to attract new customers and introduce them to other areas inside JCPenney.”
“Our research tells us that fine jewelry is one of the best opportunities for cross-shopping at J.C. Penney, as shoppers may initially come in for a smartwatch, and then discover a captivating mix of fashion, beauty, salon, shoes and accessories. As JCPenney focuses on driving sales and increasing revenue per customer, fine jewelry is a shining opportunity amid an ever-changing retail environment.”
The department store said that wearables would be presented in a format in which customers are encouraged to interact and play with them. The models stocked in store will range in price from $155 to $349.99, and additional models will be available online.
The department store is also revamping its bridal selection, both in terms of product and shopping experience.
Last spring it launched two new collections, Hallmark Bridal, designed with millennials in mind, and Enchanted by Disney, which abstractly channels the romance of Disney films.
Both collections are housed under the “Modern Bride” umbrella. Modern Bride was originally launched in 2011 as part of a partnership with Condé Nast. Its aim is to create an elevated in-store shopping experience for consumers.
J.C. Penney said it has updated its Modern Bride concept with graphics, fixtures and in-case presentations to achieve a clean, modern look that suits today’s bridal customer.
The company also said it has updated its training program for fine jewelry and watch salespeople.
Mortensen commented: “The wedding ring purchase is a gateway to the rest of the store and Modern Bride represents a significant opportunity to develop a life-long customer relationship as she gets married, buys a house and starts a family.
“She is a budget-conscious customer and comes to J.C. Penney for the value that we offer--without sacrificing design or quality.
The Latest
The necklace features a sapphire drop weighing more than 9 carats that detaches to transform into a ring.
The 127-year-old jeweler is planning to open a new store in Mystic, Connecticut.
The new year feels like a clean slate, inspiring reflection, hope, and the motivation to become better versions of ourselves.
The watches’ dials feature artwork celebrating the vibrant energy and unique landscapes of six of America’s national parks.
Offered by U.K. auction house Woolley & Wallis, the yellow diamond bracelet was a gift from Taylor’s good friend Michael Jackson.
The jewelry trade show returns to The Venetian Expo and The Venetian Resort in Las Vegas from June 6 to 9.
A Diamond is Forever hosted a holiday celebration in honor of their new marketing campaign, ‘Forever Present.’
Associate Editor Natalie Francisco highlights her favorite fashion jewelry pieces from the upcoming “Unapologetically Iris” auction.
The online guide is available for free and written with the jewelry industry in mind.
The awards honor the late Jose Hess, a founding member of AJDC and an award-winning jewelry designer.
The grading lab said the search for her successor is underway.
In this special op-ed, designer Jules Kim calls on big brands to collaborate with independent creators instead of copying their designs.
From raffles to auctions to donations, the industry is working to aid charities in Los Angeles amid the raging wildfires.
A pioneering figure in gemology, he is remembered for his spirit of generosity, curiosity, and joy.
The peak selling days leading up to Christmas did not meet the jewelry retailer’s expectations.
Schneider brings over 20 years of luxury and fashion industry experience to his role as a key member of the brand’s global leadership team.
Gemfields said the Zambian government revoked the 2019 suspension of the tax with no warning.
With versions in 18-karat gold and platinum, the wearables company is blending health technology and fine jewelry.
The executive brings more than two decades of industry experience to the role.
The New York City-based retailer is bringing its curation of jewels to a pop-up shop at Love Binetti in Palm Beach, Florida.
Created by JA and DCA, the fund is collecting money for jewelry businesses damaged by the wildfires in Los Angeles County.
Adrien Brody received his first Golden Globe while wearing the “Mozi” brooch, which depicts a spill of traditional Chinese calligraphy ink.
The pair will work together to support independent retailers in India with marketing assets, training materials, and other tools.
Officers in Champlain, New York valued the jewels, if genuine, at nearly $30,000.
The “Moonlight Rhapsody” collection is overflowing with gemstones, from raw opal to morganite and spessartite.
The seminar series covers topics from market trends and colored stone terminology to working with museums and growing an Instagram profile.