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Worth Reading: Tiffany, Prada Surge; 22% Jump In Black Friday Jewelry Buyers; More November 29, 2010 (0 comments)
Huge Sales Gains For Tiffany and Prada Signal Luxury Rebound
If Tiffany and Prada are any indication, luxury is definitely on the way back. According to two articles in Women’s Wear Daily, both the jeweler and the fashion house saw profits rise recently: Tiffany by 27.1% in the last quarter, while Prada has seen net profits triple in the past nine months. Read the rest here (subscription may be required.)
NRF Study Points To 22.2% Jump In Jewelry Buyers On Black Friday
Was Black Friday 2010 smokin’ or subdued? Apparently it depends on whom you ask. According to the National Retail Federation, both foot traffic and sales posted nice gains. Even better, the percentage of shoppers buying jewelry on Black Friday rose to 14.3% vs. 11.7% last year, a whopping 22.22% increase in jewelry shoppers in this study. Meanwhile, ShopperTrak’s data suggests that the increase was more subdued. ShopperTrak says doorbuster sales earlier in November ate into Black Friday figures, though overall the results still are good news. Read all about it here.
7-Ideas from Entrepreneur.com Help You Harness Low Cost Marketing Power
Looking for some additional ways to add low-cost oomph to your marketing? Check out these seven ideas from Entrepreneur.com at http://www.entrepreneur.com/article/217565
Hiring Family Members Can Mean a Tax Break
Finally, try some of these tips from growsmartbusiness.com before the taxman cometh—just in time for helping out with the big holiday push: