October 14, 2002
Jewelry Sales Brighten Lackluster September
Though general retail sales reports for September disappointed many market watchers, at least four companies cited strong jewelry sales.
In the luxury segment, Saks Inc., Birmingham, AL, said sales at Saks Fifth Ave. stores were good in fashion jewelry, cosmetics, handbags and apparel. The Neiman Marcus Group, Dallas, TX, reported strong fine jewelry sales at both Neiman Marcus stores and Bergdorf Goodman. Neiman Marcus also said sales were strong at these stores in cosmetics, designer handbags and women's apparel.
At the lower end, J.C. Penney, Plano, TX, reported fine jewelry and home goods were its best performing merchandise categories in September. Kohl's Corp., Menomonee Falls, WI, said while apparel had a difficult month, jewelry and intimate apparel turned in strong performances.
by Peggy Jo Donahue