GLG News by Nicholas White, President
Analyses are solely the work of the authors and have not been edited or endorsed by GLG.
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October Jewelry Sales- Estimates Conflict with Reported Results
November 6, 2009
U.S chain store sales up 2.1 percent in October | www.nationaljewelernetwork.com
Conflicting sales reports make forecasting fourth quarter sales even more difficult for jewelry retailers. But, volatile consumer spending patterns,large competitors promotional plans, and emerging macroeconomic forces may play a much bigger role in the final outcome than actual sales in August, September, or October. Here's more. -
Note To Jewelry Industry-Wait and See Isn’t a Viable Strategy
November 4, 2009
India buys 200 tonnes of IMF gold | www.telegraph.co.uk
Escalating gold prices threaten $60 billion jewelery industry. Here's more. -
Zale Loses One-Third of Investor’s New Worth-Revised
November 4, 2009
Zale FY09 Revenue -17%, Reports Loss of $190M Zale Corporation... | www.topix.com
Zale's $189.5 million lose marks a continuing of a turnaround that has never materialized. Here's why. -
Zale (ZLC) -Will History Repeat Itself?
October 24, 2009
Zale to Announce Fourth Quarter Fiscal 2009 Results | www.businesswire.com
Zale promises to finally announce year end results. Meanwhile the stock continues to increase in price,despite likely big losses. Here's why. -
Could Lawsuit Topple Signet's(SIG) US Brands?
September 22, 2009
Sterling suit moves toward class-action status | www.nationaljewelernetwork.com
Certification as a class action could have significant implications for Signet's investors. Here's more -
Zale-Management's Last Chance?
September 19, 2009
UPDATE 1-Zale to restate 2008, some 2009 results | cn.reuters.com
Zale says it will won't report FY 2009 numbers until October 29. Ninety days late and effectively six months since shareholders have seen any numbers for a company expected to lose millions. Obviously, Zale is betting good first quarter news will make everything alright. Maybe so, maybe not. But if management is wrong, look for more changes in the executive suite. Here's more. -
DeBeers Advertising-A Knotty Problem for the Diamond Industry
September 15, 2009
The Everlon Diamond Knot | www.jckonline.com
Debeers' new advertising campaign is as much an example of the chaos in the diamond industry as are the continued sales declines. Here's more. -
Lehman Bros Collapse-A Lesson Still Unlearned
September 15, 2009
Shifting Consumer Values | www.retail-merchandiser.com
Lehman Bros' collapse was an epic earthquake that nearly destroyed the U.S. financial system. A year later, there are still aftershocks and the remainder of our financial institutions isn’t really that different. Clearly, we haven't learned much from the event, especially when it comes to economics and policy-making. Here's more. -
Signet Out Performs, While Zale Stumbles
September 9, 2009
Zale Corporation Postpones Fourth Quarter Results | www.reuters.com
Signet out performs the market as Zale stumbles again. Here's more. -
Escalating Gold Prices Means Less Shine for All Jewelers, Especially Zale
September 8, 2009
Gold shines, topping $1,000 | articles.moneycentral.msn.com
Profitable jewelers like Kay and unprofitable ones like Zale will be adversely affected by higher gold prices. Here's more. -
Can Retailers Compete With Government's "Crown Corporations”?
August 14, 2009
US EARNINGS WRAP: Wal-Mart Profit Flat, Kohl's Down 3% | online.wsj.com
Retailers now face competition from what Europeans call "Crown Corporations", i.e., companies that are controlled by the government, like General Motors and Chrysler. Here's why retailers are likely to be the losers. -
Credit Contraction Threatens Jeweler's Sales Recovery
August 12, 2009
Consumer Credit Contraction Shows No Sign of Slowing | seekingalpha.com
Growing, not shrinking, problems threaten any fall recovery for retailers in general and jewelers specifically. Here is more. -
August 10, 2009
Zale Corporation Announces Real Estate Realignment | www.reuters.com
Zale hastily closes 118 stores in the 4th quarter. But, is it panic or a part of plan? Here's more. -
Finlay's (FNLY) Demise, Elegy for Big Jewelry Chains
August 7, 2009
Finlay Enterprises, Inc. Files for Protection Under Chapter 11 | www.google.com
Finlay's bankruptcy illustrates several fundamental challenges in managing large jewerly store chains. Here's more. -
Will Second Half Jewelry Sales Disappoint?
August 6, 2009
Sluggish July sales show tight-fisted consumers | www.forbes.com
Despite all the media spin about the economy stabilizing, jewelers are likely to face bigger declines than expected during the second half. Here is why. -
My View: The State of the Retail Jewelry Business
July 31, 2009
IDEX Online Research: Retail Jewelry Prices Down, Supplier Prices Up. How Much Longer? | www.idexonline.com
The next six months are the decisive period for the jewelry industry. Here why change is necessary and why it may arrive to late for many jewelers, large and small alike. Here's more. -
Walmart, Beware a Juggernaut Swinging Sticks and Bearing Gifts.
July 25, 2009
Walmart Browbeats Marketers for Bigger Slice of Their Ad Budgets | adage.com
Whether Walmart is using strong arm tactics to convince consumer product goods companies to use their alternative media to advertise isn't clear, but what is clear, the retail juggernaut is seeking to further crush its remaining competition. Here more. -
Does Zale (Zlc) Choose Unwisely Again?
July 24, 2009
Zale Names Richard A. Lennox as Its New Chief Marketing Officer | www.businesswire.com
Zale's selection of its new chief marketing officer is symtomatic of management's misguided view of what's wrong with the company and what it will take to turn the company around. Here's more. -
Does Zale's(ZLN) Overlooked Distraction Make a Turnaround Less Likely?
July 15, 2009
IDEX Online Research: Piercing Pagoda is Zale’s Over-Looked Stepchild | www.idexonline.com
Despite Piercing Pagoda's current sales performance, the business may be making it more difficult for management to get its core business back to profitability. Here's more. -
DeBeers Restructuring May Mean Lower Diamond Prices
July 15, 2009
De Beers Finances, Contd. | www.jckonline.com
DeBeers' restructuring further complicates diamond pricing in the midst of declining demand. Here's more.
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