Neiman Marcus posts 0.5% decline in same-store sales

Posted in Uncategorized on March 9th, 2010 by admin

Dallas-based Neiman Marcus Inc. reported a 0.5 percent decline in August same-tiffany earrings sales with strongest sales coming from stores in Texas and from Bergdorf Goodman in New York.

Total sales rose 0.7 percent last month to $285 million.

The luxury retailer’s Irving-based catalog and Internet division, Neiman Marcus Direct, posted a 1.1 percent comparable sales decline last month.

Top sellers in stores included precious jewelry and women’s fine apparel.

At NM Direct, shoppers focused on women’s apparel, shoes, handbags and men’s.

The company reports fiscal fourth-quarter results later this month. It has already tiffany necklaces a 1.4 percent decline in same-store sales for the quarter ended in July.

Credit: The Dallas Morning News

Superior Galleries’ September 2008 Pre-Long Beach Elite Sale Posts Exceptional Prices

Posted in Uncategorized on March 8th, 2010 by admin

DGSE Companies, Inc. (Amex: DGC), which wholesales, retails and auctions fine watches, jewelry, tiffanys, precious metal and rare coin products via traditional and Internet channels, announces exceptionally strong prices realized at Superior Galleries’ September 2008 Pre-Long Beach Elite Auction Sale that concluded on September 15, 2008.

This exciting sale featured almost 900 lots of rare copper, silver, and gold coins, as well several currency, Civil War token, and world coin lots. Prices realized totaled almost $2.7 million including one lot sold after the sale for $120,000 including 15% buyers commissions. A breakdown of the total lots sold amounted to almost an even split – floor bidders to mail and web bidders.

Some highlights included:

– Lot 172 1876-CC Twenty Cent Piece MS62 PCGS $264,500

– Lot 220 1872-CC Seated Liberty Half Dollar MS62 PCGS $100,625

– Lot 793 1872 Pattern Half Dollar Judd-1200 PR65 NGC $60,375

– Lot 46 1821 Coronet Large Cent MS63 Red and Brown PCGS $58,650

– Lot 794 1872 Pattern Dollar Judd-1205 PR58 tiffany rings $57,500

– Lot 47 1824 Coronet Large Cent MS64 Red and Brown PCGS $56,350

– Lot 413 1839 Liberty $10 Large Letters MS60 PCGS $50,600

– Lot 43 1813 Classic Head Large Cent MS63 Brown PCGS $49,450

– Lot 410 1800 Capped Bust $10 MS62 PCGS $48,875

– Lot 376 1813 $5 MS64 PCGS $48,300

These prices include the buyers commission.

Many of these coins including the highlight 1876-CC twenty cent piece have not seen a public marketplace for decades and represent more fresh numismatic material being offered by Superior Galleries. Paul Song commented, “It is our goal to continue to provide the collecting public with an entirely fresh offering of U.S. coins, world coins, currency, and other numismatically related items. It is though these efforts that our Elite Auction Sales continue to grow both in size and values realized.”

Mr. Song continued, “Our focus is now shifting to our upcoming Santa Clara Elite Auction sale to be held November 13-14, 2008. The consignment deadline, October 3rd is rapidly approaching, and we already have a number of important consignments in process.”

For more information on this auction or on how to consign to one of our future Elite Auctions, please contact Paul Song, 800-545-1001 or consign@sgbh.com. Space is limited in all of our exclusive Elite Auctions, so please contact us well in advance to reserve a spot for your special numismatic treasures.

DGSE Companies, Inc. wholesales retails and auctions jewelry, diamonds, fine watches, and precious metal bullion and rare coins products to domestic and international customers through its Dallas Gold and Silver Exchange, Charleston Gold and Diamond Exchange, Superior Galleries and National Jewelry Exchange subsidiaries and well as through the Internet. DGSE also owns Fairchild International, Inc., one of the largest vintage watch wholesalers in the country. Wholesale customers can access our full vintage watch inventory through the restricted site at www.FairchildWatches.com. In addition to its retail facilities in Dallas and Euless, Texas, Charleston, South Carolina and Beverly Hills, California, the Company operates live Internet auctions which can be accessed at www.dgse.com and through Superior Galleries’ website at www.sgbh.com. Real-time price quotations and real-time order execution in precious metals are provided at www.USBullionExchange.com and through Superior precious Metals. DGSE also purchases precious metals, rare coins, watches, diamonds and jewelry through www.Americangoldandsilverexchange.com and over 900 supporting websites and through Superior Estate Buyers. The Company also makes collateralized consumer loans at two National Pawn locations in Dallas, Texas.

The Company is headquartered in Dallas, Texas and its common stock trades on The American Stock Exchange under the symbol “DGC”.

This press release includes statements which may constitute “forward-looking” statements, usually containing the words “will,” “believe,” “estimate,” “project,” “expect” or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, continued acceptance of DGSE’s products and services in the marketplace, competitive factors, the risks associated with business combinations, industry factors (including competition, fluctuations in interest rates and bullion values), dependence upon third-party vendors, and other risks detailed in the DGSE’s periodic reports filed with the Securities and Exchange Commission. The actual results or performance by DGSE could differ materially from those expressed in, or implied by, these forward-looking statements. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if tiffany bracelets of them do so, what impact they will have on the results of operations or financial condition of DGSE. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.

Sollo Rago Modern Auction October 25/26, 2008

Posted in Uncategorized on March 7th, 2010 by admin

Sollo Rago Modern’s sale of October 25 and 26, draws from the artist’s hand to tell the whole earrings of the Studio movement — from furniture to jewelry, ceramics, and glass — in an expansive 1,000 lot sale.

“We’re representing some of the best pieces ever crafted, from every period of 20th century design, American and European, in a range of materials,” says John Sollo.

The sale features a true masterwork, the architectural cabinet of Charles Sumner Greene, of master architects Greene and Greene. Many exceptional pieces of George Nakashima’s work are represented including a dining table from the Rockefeller Japanese House in Pocantico Hills, the artist’s most important commission. Work of Wharton Esherick will be offered, from furniture to woodblock prints, as will spectacular examples by Phillip Lloyd Powell and Paul Evans. The Mexican studio master Pedro Friedeberg is here represented by a fantastic throne of gilded and carved wood.

Studio jewelry figures prominently, anchored by a dazzling collection of work by Ed Wiener.

Those in search of great mid-century interior designers will not be disappointed, with elegant and original works by Tommi Parzinger and James Mont, T.H. Robsjohn-Gibbings and works by French designers Jean Royere, Jaques Adnet and Italian designers Gio Ponti and Ico Parisi.

Studio glass offerings are exceptional, with works by Chihuly, Labino, Lewis, Marquis, Kuhn and international artists Vlchova, Kopecky and his daughter, Anna Matouskova. Glass includes Fulvio Bianconi for Venini, rare Con Macchie, Seguso, Scarpa and Barovier. Ceramics offered include major pieces by Lucero, Voulkos, Earl, Gilhooly and Bacerra.

Among the works of Modern and Contemporary Art are a Bertoia 40″ Sonambient and large tabletop Bush of bronze and copper; paintings by Krushenick, Music, Murch and Morris; Master prints by Kandinsky, Escher and Miro; and sculpture by Lovet-Lorski, Butler and Zajac. Also for sale: an important Pop Shop IV portfolio by Haring.

Auction Contact Information

Sollo Rago is located at 333 North Main Street with Annex Gallery at 204 North Union Street, necklaces NJ. Phone 609-397-9374 or visit http://www.sollorago.com.

Exhibition Preview

Saturday, October 18 – Friday, October 24, 2008 from 11-6 pm and by appointment. Doors open at 9 a.m. the mornings of the sale.

Wal-Mart Stores Inc. Sales Conference Call – Final

Posted in Uncategorized on March 5th, 2010 by admin

This call is the property of Wal-Mart Stores, Inc. and intended solely for the use of Wal-Mart shareholders. It discount tiffany not be reproduced in any way. This call contains statements that Wal-Mart believes are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are intended to enjoy the protections of the Safe Harbor for forward-looking statements provided by that act. These forward-looking statements can generally be identified by use of words or phrases such as believe, estimate, expect, forecast, anticipate, intend, plan, guidance, see, will be, will continue or other similar words or phrases. Similarly, descriptions of our objectives, strategies, plans, goals, targets or future financial or operational performance are also forward-looking statements.

These statements discuss, among other things, expected growth, future revenue, future cash flows, future capital expenditures, future performance and the anticipation and expectations of Wal-Mart and its management as to future occurrences and trends. These forward-looking statements are subject to risks, uncertainties and other factors domestically and internationally, including general economic conditions, unemployment levels, fuel prices, weather conditions, the cost of goods, competitive pressures, inflation, consumer credit availability, shopping Tiffany Bracelets, spending patterns and debt levels, currency exchange fluctuations, trade restrictions, changes in tariffs and freight rates, interest rate fluctuations and other capital market conditions and other risks.

We discuss certain of these matters and other risk factors more fully in our filings with the SEC, including our most recent annual report on Form 10-K. This release should be read in conjunction with that annual report on Form 10-K and together with all our other filings, including our current reports on Form 8-K made with the SEC through the date of this call.

You are urged to consider all of these risks, uncertainties and other factors carefully in evaluating these forward-looking statements and not to place undue reliance on such statements. As a result of these and other matters, including changes in facts, assumptions not being realized or other circumstances, our actual results may differ materially from historical results or anticipated results as expressed or implied in these forward-looking statements.

The forward-looking statements made in this call are made only as of the original date of this call and we undertake no obligation to update any of these forward-looking statements to reflect subsequent events or circumstances.

CAROL SCHUMACHER, IR, WAL-MART STORES, INC.: Hi and thanks for calling Wal-Mart for the December 2008 sales release. The sales reporting period included the five weeks ended Friday, January 2 and compares with the five weeks ended Friday, January 4 last year.

For this year’s five-week period, comparable store sales were up 1.9% in the Wal-Mart US Tiffany Rings and up 0.1% in the Sam’s Club segment without fuel. Total US comp store sales increased 1.7% without fuel for the five-week period. Our nonfuel comp excludes all fuel sales, not just the impact of inflation on fuel sales.

The overall net sales results were total company, $46.5 billion, down 0.1%; Wal-Mart US, $30.9 billion, up 4.3%; Sam’s Club, $4.9 billion, down 2.1%; and Wal-Mart International, $10.7 billion, down 10.4%.

We should note that for the third month in a row currency exchange rate fluctuations had a significant impact on international sales in US dollar terms. The higher value of the US dollar against most currencies in the December period reduced Wal-Mart International sales as reported in US dollar terms by 18.7 percentage points. On a constant currency basis, meaning using the same exchange rates as the December period last year, total international sales increased 8.3% over the December period last year.

In Wal-Mart US, comp store sales were influenced by the difficult economy and severe winter weather in some regions. Grocery and health and wellness were the primary drivers for the period with comp increases in the mid single digits. Electronic sales were solid, particularly in flat-panel TVs, laptops, video games, MP3 players and GPS units. Toys also were positive. Apparel and jewelry were soft.

Wal-Mart US had positive traffic for the third straight month and we believe we continue to gain marketshare due to our price leadership and improvements in customer experience. At the same time, severe winter weather slowed sales, especially in the week before Christmas, forcing the closure of 40 stores for periods of a few hours to nine days.

At Wal-Mart.com, sales were significantly ahead of last year, led by sales of entertainment and home products, particularly furniture, as well as the site-to-store program. Bicycles and ride-on toys also did well.

During the period, sales were stronger in the West and Northeast regions and softer in the Southeast and Central. On Wednesday, Wal-Mart US announced a new round of rollbacks following the holiday season. The first round, which was launched in early November and dubbed Operation Main Street, gave customers more than $400 million since its launch. These latest rollbacks will build upon that, emphasizing products that help people live healthier lives, including exercise equipment.

Sales at Sam’s Club were below expectations, though sales were stronger in the last two weeks of the period. Winter weather also negatively affected traffic and sales in some markets. Fresh food, dry grocery and consumables drove Club sales, while jewelry and home-related products were softer. Toys also did well at Sam’s. Members were clearly more selective in their purchases and small businesses were spending more cautiously.

Fuel prices were lower when compared to the same period last year and had a negative effect on Tiffany Bangles comps for the second month in a row. Deflation in fuel prices lowered Sam’s comp sales results by 3.3 percentage points.

In International, comp store sales increased in the UK, Mexico, Canada, Brazil, Japan and China. Despite this, International sales did not meet our expectations as customers around the world continue to feel pressure from the economy. In addition, foreign exchange rates reduced International’s reported results in dollar terms as we noted earlier.

Wal-Mart expects comp store sales in the United States for the January four-week period to be between flat and 2%. The January period runs from Saturday, January 3, 2009 through Friday, January 30, 2009.

We have updated our fourth-quarter guidance for earnings per share from continuing operations. There are a number of considerations which CFO, Tom Schoewe, noted in the press release. First, the negative impact of $0.06 per share from the currency effect we announced November 13; second, an additional $0.06 stemming from the after-tax charge for the settlement of lawsuits we announced on December 23; third, fourth-quarter sales are trending below expectations for Wal-Mart International and Sam’s; and last, higher expenses are expected in the fourth quarter.

We now expect earnings from continuing operations for the fourth quarter of fiscal 2009 to be tiffany bracelet $0.91 and $0.94 per share. Considering the impact of the currency and litigation charges, we continue to expect our underlying operating performance for the quarter to be at or above the same quarter last year. The usual comp updates are posted on our website at www.walmart stores.com/investors. Thanks for your interest in our Company and have a great day.

Sales tax goes up Tuesday to 7.75 percent locally

Posted in Uncategorized on March 4th, 2010 by admin

Don’t be surprised if that shirt, skirt, TV or tire costs a little more today.

That’s when North Carolina’s state sales tax goes up, by 1 percentage point, to 5.5 tiffany earring from 4.5 percent. Combined with the local sales tax of 2.25 percent — the same as the rest of the state, except eight counties — you’ll pay a total of 7.75 percent.

That amounts to a 15 percent jump in the tax rate.

So, the tax on that $1,000 42-inch television you’ve been eyeing as football season starts rises to $77.50 from $67.50.

The sales tax increase — and other tax hikes — comes courtesy of the new state budget, signed into law Aug. 7 by Gov. Beverly Perdue.

It’s an increase that may have smokers huffing and puffing the most. The Heart tag charm Toggle bracelet tax on a pack of cigarettes goes up a dime per pack from 35 cents to 45 cents.

A sign next to the gas pumps at the GoGas, 1976 S. 17th St., warns customers of that fact.

If you like to tip a few, the excise tax on beer goes up to 61.71 cents per gallon from 53.17 cents and unfortified wine to 26.34 cents per liter from 21 cents. The excise tax on liquor bought at ABC stores rises to 30 percent of the purchase.

Bar owners are faced with swallowing the increased tax or passing it on to customers.

“I haven’t really sat down and addressed (the tax increase) yet,” said Barbara Weetman, partner in the Blue Post, 15 S. Water St., and Level 5, 21 N. Front St.

“I hate to raise prices but at the same time…” she paused. “We’re getting taxed every way. Tax on every bottle of liquor I buy, a tax on each drink that I sell and a tax on what I earn.”

The tax increases “will make an impact,” said Fran E. Preston, president of the N.C. Merchant Retailers Association in Raleigh.

Owners of two Wilmington businesses, however, predicted little if any impact on their sales.

Nequan Lbelle, owner of the two-year-old Shoe Diva at 114A Princess St., said the tax increase would not really affect sales.

Neither did she see a problem for bookkeeping at the store, which sells shoes, handbags,Tiffany 1837 cuff and dresses.

“I think everyone will spend the same but they will be less happy about it,” said Michael Paul, owner of Hot Wax Surf Shop, 4510 Hoggard Drive.

Paul, who said last week that he was not aware of the sales tax increase, decried raising taxes in a recession. “I’m not happy to collect for the state more money that is wasted,” he said.

The retail merchants’ Preston worried about forces that could cut into in-store shopping.

“The thing that’s important about (the tax increase) is the frequency of your shopping,” Preston said. “Would it drive you to the Internet or across state borders?”

She also pointed out that 40 of the state’s 100 counties border other states.

Locally, however, border hopping may be less of a factor. The general retail sales tax in Myrtle Beach is 9 percent, 8 percent in the rest of Horry County, said Kimberly Miles, public relations director for the Myrtle Beach Chamber of Commerce.

“The great threat is remote,” Preston said — “Internet or catalog sales. Book stores hate the fact that Amazon is out there.”

There may be a big shift to Internet shopping, said Patrick Fleenor, chief economist for the Washington-based Tax Foundation, which describes itself as a non-profit, non-partisan tax research organization.

But digital will not go untouched.

Some digital downloads of items such as songs and movies may be subject to sales tax effective Jan. 1, the N.C. Department of Revenue says. “The department will provide a more detailed interpretation of this change soon,” according to the agency’s Web site.

On the business side, online retailers who have more than $10,000 worth of sales through online frank gehry from Web sites owned by North Carolina residents may need to charge sales tax on all sales to state residents, according to the Web site.

In the end, Preston said, “There’s a smaller amount of the pie. The more that goes to the government the less (consumers) have to spend in your store. It’s a very unpopular tax.”

For a summary of tax changes, go to the N.C. Department of Revenue at www.dor.state.nc.us and click on 2009 tax changes on the lefthand side of the page under “headlines.”

Wayne Faulkner: 343-2329

JCPenney Reports September Sales

Posted in Uncategorized on March 3rd, 2010 by admin

J. C. Penney Company, Inc. (NYSE:JCP) reported comparable store sales for the five-week period ended Oct. 3, 2009, and raised its earnings guidance for the third quarter. Comparable store sales in September decreased 1.4 percent, better than the Company’s guidance for sales to decrease 3 to 6 percent. In last year’s September tiffany earring, comparable store sales decreased 12.4 percent. Total Company sales in September decreased 0.6 percent.

Women’s apparel was again a top performing merchandise division in September, along with shoes and children’s apparel, while fine jewelry continued to experience weaker sales. The southwest region was the best performing region in September with positive low single-digit comparable store sales. The northwest region had the softest sales during the month.

The Company completed its 2009 new store expansion program during the September period with the opening of three new stores. The Company also opened 12 Sephora inside JCPenney locations, bringing the total number of SiJCP locations to 155.

October Sales Outlook and Updated Third Quarter Earnings Guidance

Management’s guidance for the four-week period ending Oct. 31, 2009, is for a 5 to 8 percent decrease in comparable store sales, compared to a 13.0 percent decrease in last year’s October period. Based on better than expected gross margin improvement during the first two months of the quarter, management now charm bracelet to report third quarter earnings of $0.03 to $0.10 per share compared to previous guidance for earnings to be in the range of a loss of $0.05 to earnings of $0.05 per share.

Sales Conference Call Recording (8:30 a.m. ET) — (877) 793-7778

About JCPenney

JCPenney is one of America’s leading retailers, operating 1,109 department stores throughout the United States and Puerto Rico, as well as one of the largest apparel and home furnishing sites on the Internet, jcp.com, and the nation’s largest general merchandise catalog business. Through these integrated channels, JCPenney offers a wide array of national, private and exclusive brands which reflect the Company’s commitment to providing customers with style and quality at a smart price. Traded as “JCP” on the New York Stock Exchange, the Company posted revenue of $18.5 billion in 2008 and is executing its strategic plan to be the growth leader in the retail industry. Key to this strategy is JCPenney’s “Every Day Matters” brand positioning, intended to generate deeper, more emotionally driven relationships with customers by fully engaging the Company’s approximately 150,000 Associates to offer encouragement, provide ideas and inspire customers every time they shop with JCPenney.

This release may contain forward-looking statements within the meaning of the Private Securities frank gehry Reform Act of 1995. Such forward-looking statements, which reflect the Company’s current views of future events and financial performance, involve known and unknown risks and uncertainties that may cause the Company’s actual results to be materially different from planned or expected results. Those risks and uncertainties include, but are not limited to, general economic conditions, including inflation, recession, unemployment levels, consumer spending patterns, credit availability and debt levels, changes in store traffic trends, the cost of goods, trade restrictions, changes in tariff, freight, paper and postal rates, changes in the cost of fuel and other energy and transportation costs, increases in wage and benefit costs, competition and retail industry consolidations, interest rate fluctuations, dollar and other currency valuations, risks associated with war, an act of terrorism or pandemic, and a systems failure and/or security breach that results in the theft, transfer or unauthorized disclosure of customer, employee or Company information. Please refer to the Company’s most recent Form 10-K and subsequent filings for a further discussion of risks and uncertainties. Investors should take such risks into account when making investment decisions. We do not undertake to update these forward-looking statements as of any future date.

The 17th Annual Miami Beach Antique Jewelry & Watch Show Reports Increased Attendance and Brisk Exhibitor Sales

Posted in Uncategorized on March 1st, 2010 by admin

dmg world media today reported increased attendance and brisk exhibitor sales at the 17th Annual Miami tiffany jewelry sale Antique Jewelry & Watch Show. The show was held November 13-15, at the Miami Beach Convention Center and showcased magnificent antique jewelry, gemstone and watch collections.

The three-day show exhibited stunning antique jewelry and unique signed designer pieces, such as a rare Georgian poison crown ring made with mine cut diamonds with a natural blue cabochon sapphire, circa 1790-1870. The show also showcased a spectacular bracelet worn by Halle Berry to the Emmy’s and a pair of fabulous earrings worn by teen actress Selena Gomez on the red carpet.

“In light of the current economy, dealers were able to offer collectors and enthusiasts of antique jewelry and watches an outstanding selection and depth of inventory,” said Andrea Canady, fair director for the Miami Beach Antique Jewelry & Watch Show. “This show was a perfect venue where collectors, dealers and antique aficionados could purchase impressive merchandise to kick-off the antique season.”

Exhibitor comments on the last day of the show were favorable.

“We’re completely surprised about the strong attendance and turnout due to the economy,” said Hartley tiffany bracelet with Hartley Brown in New York, N.Y. “A lot of the people were interested in purchasing antique pieces versus vintage pieces.”

Michael Kanners with Michael Kanners Jewelers in Miami, Fla., said, “After a hiatus from the show, I was able to reconnect and forge new and existing relationships with customers. The show was a wonderful opportunity to further establish my presence in Miami.”

“We did very well at this year’s show. We sold a lot of watches and developed new relationships,” said Pawel Goj, manager with www.signedpieces.com. “The show was in-line with our expectations.”

Kurt Rothner with Excalibur in Los Angeles, Calif., said “We were pleasantly surprised with the level of sales and the group of exhibitors at this year’s show.”

The next show on the U.S. calendar for dmg world media is the 49th Annual Original Miami Beach Antique Show set for January 21-25, 2010, at the Miami Beach Convention Center in Miami Beach, Fla.

For additional show information about dmg antique shows, please call 239-732-6642 or visit www.tiffany pendant.com.

About dmg world media

The Miami Beach Antique Jewelry & Watch Show is just one of more than 250 market-leading trade exhibitions, consumer shows and fairs that dmg world media produces each year in the United States, the United Kingdom and France. The company also publishes more than 40 related magazines, newspapers, directories and market reports. dmg world media employs 700 people and maintains a worldwide presence through more than 30 offices in the United States, Canada, the United Kingdom, France, the United Arab Emirates, China, Australia and New Zealand. dmg world media is a wholly-owned subsidiary of the Daily Mail and General Trust plc (DMGT), one of the largest and most successful media companies in the United Kingdom. Follow us on Twitter at: MiamiAntiquShow or Facebook at: www.facebook.com/OMBAS. For additional information, visit www.dmgantiqueshows.com.

Area retailers report strong sales, solid jump-start to Christmas holiday sales

Posted in Uncategorized on February 28th, 2010 by admin

Despite a sluggish economy, Black Friday sales exceeded expectations for local retailers.

It is traditionally the biggest shopping day of the year, and for many retailers, the day after Thanksgiving starts the shopping season that determines profitability for the year. As the recession plagues consumer confidence, experts predicted sales would remain steady compared to last year — but some retailers say they were pleasantly surprised.

“I had a much better day than what I had planned,” said Russ Dillingham, manager of J.C. Penney in Greenwood Mall. “I had a game plan for that day, but the sales we had were well above the game plan I had.”

Several stores opened early Friday, enticing customers with steep discounts and door busters. And for some, the discounts worked. Lines of shoppers snaked around retail buildings beginning Thanksgiving night.

“Black Friday went really great for us. We had a steady stream that morning and a long line around the building,” said Brandy Stinson, assistant manager at Target in Bowling Green. “There were quite a few more people in line than last year. It took about an hour to get in.”

In fact, Friday’s sales trumped earnings from the same day last year, she said. The big sellers included the iPod Touch, video game systems and televisions. The store sold out of its big-ticket items that day, Stinson said.

“I think maybe on our end we had some good items on sale and some really good discounts,” she said.

For locally owned stores, Black Friday sales also heavily impact business. At Lucy’s Fine Gifts in Bowling Green, owners “were very pleased” with weekend sales, co-owner Patti Dorris said.

“Actually, for those two days, it was better than last year,” she said. “I saw a lot of new customers this year.”

This weekend, customers snatched a variety of items, from Christmas decorations to handbags and jewelry, Dorris said.

“We’re a gift shop,” she said, “so (holiday sales) are extremely important.”

At Heart Strings in Bowling Green, this weekend’s sales increased from last Black Friday sales, owner Kathy Scariot said.

“It’s definitely been positive,” she said. “We have never seen a downturn … we expect to stay strong. We expect to have increases.”

The gift shop recently added some new products which helped sales, but customer traffic still would have been heavy regardless of the additional brand names, she said.

At Coach House Gifts in Greenwood Mall, customers piled through the doors Friday morning.

“As soon as we opened the gates, we knew we were kind of in trouble,” said Sonya Wimpee, local coordinator for Hallmark, the shop’s parent company. “We were kind of amazed; we weren’t expecting it.”

This year, stores opened at different times. Some retailers, such as Toys “R” Us, opened at midnight Friday and others opened a few hours later. Coach House Gifts opened at 6 a.m., giving customers enough time to snag items at other stores, Wimpee said.

“Overall, (we) had a good weekend here. Friday just started it all,” she said.

Nationwide, retail sales rose 0.5 percent compared to last Black Friday, according to news reports.

And this year, retailers heavily depend on Internet sales. On Thursday and Friday, online sales reportedly increased 11 percent compared to last year.

Clusters of shoppers are expected to surf their favorite retail Web sites today in observance of “Cyber Monday.” Several retailers will offer special online discounts today in an attempt to further boost holiday sales, and some retailers have declared Dec. 17 as Free Shipping Day — participating stores will wave shipping costs for items purchased online that day and delivery is guaranteed by Christmas Eve, according to the promotional Web site, www.freeshippingday.com.

Some participating stores include Zappos, Toys “R” Us, Sears, Macy’s, Kmart and American Eagle Outfitters. It’s an effort to generate sales between Black Friday and Christmas.

“November and December are two of our biggest months of the year,” Dillingham said. “The importance hasn’t let up at all. We’ve still got 24 very important days (ahead).”

But if Black Friday’s an indication, retailers say they anticipate booming sales until Christmas.

“They say the economy’s bad,” Wimpee said. “But we don’t see it.”

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The Bon-Ton Stores, Inc. Announces December Sales

Posted in Uncategorized on February 26th, 2010 by admin

The Bon-Ton Stores, Inc. (NASDAQ: BONT) today announced comparable store sales for the five weeks ended January 2, 2010 decreased 2.6%. Total sales for the five weeks decreased 3.0% to $511.1 million compared with $527.2 million for the prior year period.

Year-to-date comparable store sales decreased 6.1%. Year-to-date total sales tiffany on sale 6.0% to $2,779.7 million compared with $2,958.0 million for the same period last year.

Tony Buccina, Vice Chairman and President – Merchandising, commented, “We are pleased with our December sales results, which exceeded expectations despite the snow storms that negatively impacted our performance on key selling days. Our eCommerce business continues to be the fastest growing segment of our company. Our best performing businesses were ladies’ accessories and jewelry, shoes, children’s and moderate missy sportswear. Outerwear and cold weather accessories posted strong sales results as well. Our weakest performing businesses were furniture, hard home and better missy sportswear. December end-of-month inventory was down 4% on a comparable store basis; this reduction, along with 22% less clearance merchandise, will benefit our margin. Our inventories reflect fresh, transitional merchandise and we are pleased with our customer’s positive response.”

Keith Plowman, Executive Vice President and Chief Financial Officer, stated, “We ended December with excess borrowing capacity under our revolving credit facility of approximately $488 million, well above the required minimum availability of $75 million.”

The Bon-Ton Stores, Inc., with corporate offices in York, Pennsylvania and Milwaukee, tiffany sale, operates 278 stores, including 11 furniture galleries, in 23 states in the Northeast, Midwest and upper Great Plains under the Bon-Ton, Bergner’s, Boston Store, Carson Pirie Scott, Elder-Beerman, Herberger’s and Younkers nameplates and, in the Detroit, Michigan area, under the Parisian nameplate. The stores offer a broad assortment of brand-name fashion apparel and accessories for women, men and children, as well as cosmetics and home furnishings. For further information, please visit the investor relations section of the Company’s website at http://investors.bonton.com.

Certain information included in this press release contains statements that are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, which may be identified by words such as “may,” “could,” “will,” “plan,” “expect,” “anticipate,” “estimate,” “project,” “intend” or other similar expressions, involve important risks and uncertainties that could significantly affect results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of the Company. Factors that could cause such differences include, but are not limited to, risks related to retail businesses generally; a significant and prolonged deterioration of general economic conditions which could negatively impact the Company, including the potential write-down of the current valuation of intangible assets and deferred taxes; changes in the terms of the Company’s proprietary credit card program; potential increase in pension obligations; consumer spending patterns, debt levels, and the availability and cost of consumer credit; additional competition from existing and new competitors; inflation; changes in the costs of fuel and other energy and transportation costs; weather conditions that could negatively impact sales; uncertainties associated with expanding or remodeling existing stores; the ability to attract and retain qualified management; the dependence upon relationships with vendors and their factors; a security breach; the ability to reduce SG&A expenses; the incurrence of unplanned capital expenditures; the ability to realize the expected benefits from our planned tiffany jewelry on sale in operating structure and the ability to obtain financing for working capital, capital expenditures and general corporate purposes. Additional factors that could cause the Company’s actual results to differ from those contained in these forward-looking statements are discussed in greater detail under Item 1A of the Company’s Form 10-K filed with the Securities and Exchange Commission.

Over $8M Revenues in Profitable Gold Sales

Posted in Uncategorized on February 25th, 2010 by admin

On May 14, 2009, CCPR acquired ESM Refiners, Inc., a gold and precious metals recycle (“ESM”). The total consideration for the acquisition was 5,625,000 shares of CaseyCorp’s common stock. ESM is a newly organized New York corporation formed to operate as a wholesale buyer and seller of gold and diamonds. ESM acts as a middleman, aggregating gold and diamonds. ESM purchases these precious metals primarily from retail jewelers who have purchased the metals from their customers. In turn, ESM sells the metals to refiners, who then rings down the gold and produce gold bars.

Following the consummation of the acquisition, ESM became a wholly-owned subsidiary of the CaseyCorp.

Casey Corp’s, President and CEO, Mr. Eduard Musheyev, has over 30 years of experience in the gold jewelry market. During this time, Musheyev has set up and managed successful companies involved in manufacturing, retailing, and refining of gold jewelry.

In the first quarter after the acquisition of ESM, Casey Corp showed a positive cash flow and a net profit, with revenues in excess of $8,000,000.

CaseyCorp anticipates an increase in revenues in 2010. With new investment and a leveraging of its bracelets knowledge of the gold market, the Company plans to expand the scope of ESM’s activities, increasing its coverage of the supply chain and giving it access to potentially increased revenues and profitability.

Keywords: Casey Corp, Common Stock, Finance, Investing, Investment, Stock Market.

This article was prepared by Investment Weekly News editors from staff and other reports. Copyright 2010, cufflinks Weekly News via VerticalNews.com.