Movado Group Inc. recorded a double-digit decline in sales in the second quarter as consumer demand for watches remains soft and again lowered its outlook for the year. The Paramus, N.J.-based watch company reported Thursday that second quarter net sales totaled $128.1 million compared with $145.6 million in the second quarter of last year, a … Read More →
Silver weekly-based delivery prices on Thursday dropped below the crucial Rs 46,000 mark by tumbling Rs 1,020 to Rs 45,745 per kg, in line with a sluggish trend overseas amid reduced offtake by industrial units at the domestic market. On the other hand, gold held steady in scattered deals. Traders said gains in equities and … Read More →
More than half of jewellers reopened their shops on Monday after keeping them closed for nearly six weeks in protest over the reintroduction of excise duty on gold jewellery. The resumption in business could boost demand from the world’s second biggest consumer and support global prices trading near their highest in three weeks. “Jewellers are … Read More →
Tiffany & Co. delivered fourth-quarter and full-year earnings results that managed to beat analysts’ expectations, but sales were down from the previous year and the company lowered guidance once again. Net income for the quarter was $186.8 million, or $1.46 a diluted share, a 4.8 percent decline from last year’s $196.2 million, or $1.51 a … Read More →