The company is feeling the impact of the uncertain geopolitical and macroeconomic environment, said CEO Beth Gerstein.
Financials

The company said the “affordable” jewelry market in the U.S. is growing slower than the overall market.
CFO Jean-Marc Duplaix said Boucheron, Pomellato, and the other jewelry brands put on an “outstanding performance.”
Latest in Financials

The retailer also said demand for Rolex, Patek Philippe, and Audemars Piguet watches continues to exceed its supply.

New addition Tiffany & Co. had an excellent start to the year, the luxury titan said.

Also, the company has donated $100,000 to charities aiding those affected by the war in Ukraine.

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The news preceded announcement of the company’s full-year results, which were strong.


The retailer attributed its success to its appeal to younger consumers, expansion in non-bridal jewelry, and growing network of showrooms.

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The luxury conglomerate posted record overall revenue in 2021.

Jewelry sales were strong following its acquisition of Betteridge and the opening of its first Bulgari boutique.

The company’s Gen-Z-focused “Pandora Me” collection put on a particularly strong performance.

Recently acquired Tiffany & Co. put on a "record performance" in its first year with the luxury conglomerate.

The jewelry giant’s holiday season revenue was up 30 percent year-over-year.

Cartier, Van Cleef & Arpels and Buccellati were top performers for the luxury conglomerate over the key holiday season.

Though retail sales fell in December, the holiday season as a whole saw double-digit growth.

Though monthly retail sales saw only a slight increase, the organization is still predicting record spending for the holiday season.

With Rolex watches in short supply this year, the company turned to other luxury watch brands to bolster sales.

Its additions include an exclusive lab-grown diamond cut for Zales’ “Vera Wang True” line and a lab-grown option for Kay’s “Leo” cut.

The pre-owned luxury watch platform also welcomed new members to its board.

The watch company upped its fiscal guidance once again, feeling confident ahead of the holiday season.

Holiday shopping may have started early again this year, said The National Retail Federation.

It’s the jewelry company’s first time reporting its quarterly results as a public company.

Sales in both categories surpassed pre-pandemic levels in the first half.

The announcement coincided with the release of Pandora’s third-quarter results, with the brand posting strong growth in the U.S.

Boucheron, Pomellato, and its other jewelry houses posted double-digit growth or stronger in the quarter.

U.S. retail sales rose 0.7 percent last month, even as retailers battle supply chain struggles.

The luxury conglomerate posted double-digit growth in the U.S. and Asia as those markets rebound.
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