Twins arrested in January under suspicion of having robbed Berlin's best-known luxury department store have been freed after confusion over which one of them was the culprit, a court said Wednesday March 18.
Thai exports fell 11.3 percent year-on-year in February but there were signs of recovery in some areas, the commerce ministry said Wednesday March 18.The data was not as bad as January, when exports were down 26.
Jeweler Finlay Enterprises on Thursday March 12th entered into a new retention bonus agreement with Chief Executive Arthur Reiner that will see him forgo a future $2 million severance payout for a $1 million bonus deal, according to a regulatory filing.
British upmarket jeweller Theo Fennell Plc said on Thursday it would close its Fine Jewellery and Watch concession in the Brown Thomas Department Store in Dublin after it had unveiled its plans to downsize its business last month.
Jewelry retailer Zale Corp posted quarterly results that missed Wall Street estimates on Wednesday as aggressive price cuts in the face of lower consumer spending ate into profit margins, and its shares fell more than 11 percent.
Blue Nile Inc (NILE.O) posted a lower quarterly profit that missed expectations as sales fell, and said the economic downturn prevented it from giving a financial outlook, sending its shares down 9.7 percent.
The following stocks were on the move at the BSE on Monday. At 12:56 p.m., the benchmark 30-share BSE index was down 3.18 percent at 9,328.58 points. The 50-share National Stock Exchange Index was down 3.1 percent at 2,856.9 points.
Jeweler Finlay Enterprises, stung by liquidity woes, reported a 20 percent fall in fourth-quarter sales as U.S. consumers curtailed spending amid a weak economy. In December, the company warned that the U.S.
Signet Jewelers, the Anglo-American jewellery retailer, reported on Thursday a sharp fall in fourth-quarter underlying sales and said it would outline plans to cut costs and generate more cash in March.