GOLDNET.MARKET - “We want and are working to provide business with the opportunity to develop a lot of activity areas”

Today, almost all jewellery companies have their own wholesale websites, online stores, and social media pages. But a year ago, GOLDNET.MARKET, the first jewellery wholesale marketplace appeared in Russia, a new effective tool for the jewellery market...

20 september 2021

Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

Neiman Marcus Group Cuts About 375 Jobs

14 january 2009

Luxury department store retailer Neiman Marcus Group Inc. said Tuesday that it is cutting approximately 375 jobs, or nearly three percent of its workforce, RAPAPORT reported. 
Spokeswoman Ginger Reeder said in a telephone interview that the layoffs were made as the privately held company tries to deal with the challenging economic environment and looks for ways to ensure it is operating efficiently. 
Retailers across the industry have suffered as consumers cut back spending amid an economic recession, mounting job losses and a prolonged housing slump. 
The cuts, which took place Monday and today, were across all divisions and at all job levels, she added. 
Neiman Marcus will be offering severance packages, but Reeder did not currently have further details about the packages or any potential charges related to the packages that the company might incur. 
On Monday, Moody's Investors Service said it may lower Neiman Marcus's credit ratings due to its December same-store sales decline. 
Last week, the retailer said its same-store sales dropped 27.5 percent in December, as even high-end consumers pulled back sharply on holiday spending. A shift in fiscal 2009 reporting periods also dragged down monthly results, the company said. 
Same-store sales, or sales at stores open at least a year, are a key indicator of retailer performance since they measure growth at existing stores, excluding newly opened ones. 
Neiman Marcus runs 40 Neiman Marcus stores, two Bergdorf Goodman stores, and 21 clearance centers. The company also operates both catalogue and online retail businesses.