The U.S. jewelry market grew 5% in 2024 to $85.4 billion, but affluent consumers are pulling back on planned jewelry purchases this year.
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Can Target Recover Its ‘Tarzhay’ Image?
Target just announced a five-year plan hinging on restoring its Tarzhay image. However, it’s recently faced a reputational decline that is hindering performance.
Win/Win: Caleres Acquires Stuart Weitzman From Tapestry
Footwear expert Caleres has reached an agreement to acquire Stuart Weitzman shoe brand from Tapestry for a bargain price of $105 million. It’s a win/win for both companies.
Saks Makes Major Moves That Reveal Trouble In The Neiman Marcus Merger
Saks Global’s challenges grow as it moves to cut costs and hold payments to vendors. Even more challenging, Saks trails in foot traffic to luxury department stores.
Store Closures To Double Last Year’s And Far Outpace Openings in 2025
Retailers will close up to 15,000 stores this year, more than double that in 2024. In addition, store closures will far outpace openings.
