Jewelry stores, which include the brands Cartier and Van Cleef & Arpels, increased sales at constant exchange rates to 8% in the three months to December 31, 2016. This period includes the holiday season.
Group revenue increased by 6% to $ 3.29 billion, due to an improvement in jewelry sales and the growth of retail sales in specialized stores time. Sales of all product categories in the Asia-Pacific region jumped 10%, while in the Americas they rose by 8%. In Europe, sales rose by 3%.
While business conditions for companies have improved in most regions, the re-opening of Cartier Mansion in New York in September, partly improved performance in North and South America. Rediscovery of Cartier flagship store in Tokyo has also helped to limit the drop in sales in Japan, which amounted to 1%.
Sales in specialized stores time Richemont, which include brands Baume & Mercier, Piaget and Roger Dubuis, fell 2% to $ 864.9 million. The positive growth in retail sales was offset by weakness in the wholesale segment, though not as pronounced as in prior periods, the company explained.
http://www.feedage.com/feeds/23910358/gift-jewelry-pearl-necklace-pearl-bracelet-pearl-ring-and-pearl-earrings
1 comment:
Progress of gold monetization scheme introduced by the Government of India November 5, 2015, is progressing slowly. In this regard, the Ministry of Finance announced a new meeting of key members of the industry on March 18 to discuss the reasons for the stagnation of the circuit. Secretary of the Ministry of Economy of India Shaktikanta Das (Shaktikanta Das) will chair the meeting, media reported.
Indian Association of gold and jewelers (Indian Bullion and Jewellers Association, IBJA ), as well as representatives of refining plants, assay points and the Bureau of Indian Standards (Bureau of Indian Standards, BIS) , as well as officials of the Ministry of Commerce, the Association of Indian banks and the chairmen of the largest banks countries involved in the scheme, monetization, are expected to take part in the upcoming meeting. IBJA, meanwhile, proposed a strategy, which provides that the jewelry merchants in India will be able to act as reception centers and testing of gold jewelry, so the unused gold will once again be brought into circulation.
Post a Comment