Finlay Enterprises Reports Sales for the November/December Period

By admin, 5 March, 2010, No Comment

Finlay Enterprises, Inc. (OTC Bulletin Board: FNLY), a leading retailer of fine jewelry Tiffany Bracelets luxury stand-alone specialty jewelry stores and licensed fine jewelry departments in department stores throughout the United States, announced today that sales for the two-month period including November and December decreased 23.7% to $265.9 million compared to $348.7 million in the comparable period of 2007. Specialty jewelry stores consisting of Carlyle, Congress, and Bailey Banks & Biddle, which was acquired in November 2007, contributed sales of $88.1 million for the two-month period, as compared to $130.2 million for the same period last year. Comparable store sales (stores open for the same months during the comparable period) for the two-month period excluding the Macy’s and Lord & Taylor stores scheduled to close at year-end decreased 20.8%. Including these stores, comparable store sales decreased 20.1%.

On a continuing operations basis, sales for the 11-month period ended January 3, 2009 increased 2.5% to $821.9 million compared to $801.5 million for the comparable period of the prior year. Specialty jewelry stores contributed sales of $298.7 million for the 11-month period, as compared to $208.0 million in 2007. Comparable store sales for the 11-month period excluding the Macy’s and Lord & Taylor stores decreased 12.1% on a continuing operations basis. Including these stores, comparable store sales decreased 12.3%. The Tiffany Rings year 2007 sales results are on a continuing operations basis, which excludes sales from Parisian stores.

Finlay Enterprises, Inc., through its wholly-owned subsidiary, Finlay Fine Jewelry Corporation, is one of the leading retailers of fine jewelry operating luxury stand-alone specialty jewelry stores and licensed fine jewelry departments in department stores throughout the United States and achieved sales of $835.9 million in fiscal 2007. The number of locations at the end of December 2008 totaled 779, including 69 Bailey Banks & Biddle, 35 Carlyle and five Congress specialty jewelry stores.

This release may contain forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on Finlay’s current expectations and beliefs, are not a guarantee of future performance and involve known and unknown risks, uncertainties and other factors. Actual results, performances or achievements may differ materially from those contained in, or implied by, these forward-looking statements, depending upon a variety of factors including, in particular, the risks and uncertainties described in Finlay’s filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. We undertake no obligation to release publicly any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of Tiffany Bangles events. The inclusion of any statement in this release does not constitute an admission by Finlay or any other person that the events or circumstances described in such statement are material.

Japan Department Store Sales Down Record 11.7 Pct in July

By admin, 4 March, 2010, No Comment

Tokyo, Aug. 18 (Jiji Press)–Japan’s department store sales in July fell 11.7 pct Heart tag charm Toggle bracelet a year before, marking the steepest fall on record for the month, an industry group said Tuesday.

July’s sales at stores open at least a year marked the 17th straight month of decrease, the Japan Department Stores Association said. Sales were down 8.8 pct in June.

Overall sales at 272 outlets run by 87 companies totaled 618.5 billion yen in July.

The industry was hit by continued curbs on spending by consumers facing lower summer bonuses as well as falling customer traffic amid unfavorable weather.

Sales of seasonal goods, including swimwear, were weak, while sales of pricey items such as jewelry continued to be slow.

Corporate demand was also sluggish due to weak earnings.

Sales are expected to continue to fall in the months to come, officials at the charm bracelet group said.

The industry plans to stage a joint promotion campaign in October in an effort to shore up sales.END

Belk’s net income rises despite falloff in sales

By admin, 4 March, 2010, No Comment

Belk Inc. reported Thursday that net income rose during the second quarter despite skittish tiffany bracelets and falling sales.

The Charlotte-based department store chain reported net income for the three months that ended Aug. 1 of $9.4 million, a 14.6 percent increase compared with the same period in 2008. Net sales fell to $760.3 million, down from $829.3 million in the second quarter of last year.

Sales at stores open a year or more, a key measure of retail health, were down 9.4 percent.

The company credited effective cost cutting and its ability to sell more goods at a higher profit for the uptick during a down economy. Spokesman Ralph Pitts said women’s sportswear, denim, cosmetics and fine jewelry sold particularly well.

“We have been able to sell fashion, and our customers have responded,” Pitts said.

In a statement, Belk chairman and CEO Tim Belk said, “While sales results reflected a continued Paloma Picasso Double Loving Heart ring in consumer spending for the period, we were pleased to deliver increased profitability and a significantly improved cash position.

“Our associates did an exceptional job of providing good customer service while managing expenses and inventory levels in keeping with sales trends,” he said.

The company has frozen salaries, reduced bonus eligibility and eliminated contributions to employee retirement accounts for 2009. It also trimmed jobs at its headquarters in the last year because of restructuring and information technology outsourcing.

Most traditional department stores have struggled since late 2007, with Macy’s and Nordstrom recently posting second-quarter profit drops. Many have embarked on cost-cutting and restructuring to boost income.

Belk opened three stores in March and none this quarter. The retailer has said it plans no tiffany on sale store openings the rest of the year; it currently has 307 locations in 16 Southern states.

Regional Artist art show, sale features the works of watercolorist

By admin, 3 March, 2010, No Comment

Located on the edge of campus at Eastern Oregon University, ArtsEast Gallery will be displaying and selling artwork during the showcase.

The show features many local and regional artists’ work. Original paintings and photographs, hand-crafted jewelry and discount tiffany prints are on display and available for purchase at affordable prices ($100 and under).

In addition to the numerous local and regional artists displaying their work, the “Art of Giving Fall Showcase” features the works of Kayla Komito, a La Grande watercolorist. Komito has been painting in watercolor for the past 30 years. But in 1998 she began painting traditional Buddhist iconic art called Tibetan Thanka. The history of Tibetan Thanka paintings originated in Nepal when Buddhists and Hindus began to make illustrations of their deities. Because of the religious nature of the subject matter, Tibetan Thanka paintings are often highly symbolic.

In her personal work, Komito utilized unusual techniques to focus on her symbolic paintings of personal mythology and the sacred feminine. Of her Tibetan Thanka paintings Komito says, “The painting style of my personal work had always been extremely complex, bright colors, and non-traditional (in the western sense) use of watercolor with opaque areas, intense colors, lots of detail, so it was very sympathetic to the Tibetan style.”

Because Thanka paintings are used as meditation tools in Tibetan Buddhism, Komito engages in the appropriate preparatory meditation practices before each painting

session.

Currently, Komito co-teaches the Philosophy of Sacred Art and Buddhist Philosophy with her husband, David, tiffany jewelry sale EOU’s online education program. She has also taught watercolor, collage and journaling classes. She holds lectures on Tibetan Thanka paintings and the art of the Sacred Feminine at various universities and Buddhist centers.

The “Art of Giving Fall Showcase” show will feature Komito’s fine art giclee prints of her original Thanka works.

Founded in 1977, ArtsEast, the home of Eastern Oregon Arts Council, is a non-profit organization serving, facilitating and promoting the arts, arts education and artists residing in the 10 eastern-most counties of Oregon.

ArtsEast is in the white house on the corner of Sixth Street and L Avenue on the Eastern Oregon University campus in La Grande.

For more information, call Mika Morton at 541-663-ARTS (3624).

September Sales Release Conference Call

By admin, 3 March, 2010, No Comment

S1. 4Q09 Financial Review (R.G.) 1. 4Q09 EPS (factors impacting YoverY comparison): 1. EPS of $0.85, down 6% from 4Q08 EPS of $0.90. 2. First Call estimate was $0.77. 3. 4Q09 and 4Q08 included the impact of certain items that complicate QoverQ comparisons a little bit. 4. 4Q08 EPS: 1. Included two tiffanys of note: 1. $32.3m pretax or $0.05 a share LIFO charge. 2. $15.9m pretax or $0.02 per share charge related to a litigation settlement. 2. Together, aforementioned items impacted $0.90 by $0.07 a share. 3. Excluding these, EPS would have been $0.97. 5. 4Q09 EPS: 1. Included $16.6m pretax or $0.02 per share LIFO benefit. 6. $0.09 per share YoverY swing. 7. Several other factors also impact comparison of 4Q09 with 4Q08; represented a negative YoverY impact. 8. FX Headwinds: 1. Foreign country earnings results when converted and reported in US dollars hurt Co. the whole FY since last fall when US dollar greatly strengthened against many of the currencies with which Co. operates. 2. In 4Q09, hurt by a little over $21m pretax or $0.04 a share after-tax. 3. Assuming exchange rates were flat YoverY, foreign country operating results reported in US dollars would have been higher by aforementioned amount. 9. For FY09, impact of FX, assuming FX rates had remained constant, was to reduce: 1. Reported sales by $2.42b. 2. Earnings by almost $95m pretax or $0.14 a share after-tax. 10. Employee Benefits Costs: 1. Higher employee benefits costs, mainly consisting of higher US healthcare expense; about $0.04 per share negative impact. 11. Income Tax Rate: 1. Lower than it has been over last several years. 2. Higher YoverY in 4Q09; in both quarters, some discrete items that lowered tax rate. 3. 4Q09 tax rate was 35.5%, up from 34.5% last year. 4. A little over $0.01 a share impact. 12. Gas Profits: 1. In 4Q08 and very much so in 1Q09, when gas prices were plummeting, profits were great. 2. 4Q09 gas profits were good, but nearly $0.04 a share lower than in 4Q08. 13. Interest Income: 1. Interest rates earned on investable cash balances down substantially from a year ago. 2. Interest income was $15m pretax or $0.02 a share lower than a year ago. 14. $0.09 swing one way and about $0.15 swing the other way. 2. FY09 Earnings: 1. Reported earnings were $1.086b or $2.47 a share vs. $1.283b or $2.89 a share in FY08. 3. 4Q09 Sales: 1. Comparable sales down 5%. 1. Negative 6% in US. 2. Negative 3% internationally, in US dollars. 2. Excluding gas deflation and impact of FX from US dollar strengthening charm bracelet, comp sales would be: 1. US, negative 1%. 2. International, positive 7%. 3. Consolidated, positive 1%. 4. Sept. Reported Sales: 1. US, negative 1%. 2. International, positive 6%. 3. Consolidated, positive 1%. 1. It will soon be anniversarying the impact of gas deflation and FX. 4. Sales would be: 1. US, positive 3%. 1. Without roughly 3.5% impact of gas deflation. 2. International, positive 9% in local currencies, without relative strengthening of US dollar against other currencies. 3. Consolidated, positive 4%. 5. Positive 1% comp sales result was comprised of: 1. 6.5% plus traffic increase; helped a little bit by week one with shift in Labor Day. 2. Over last nine weeks, combined traffic increase, taking out impact of Labor Day, was 5.5% on avg. 6. Offsetting aforementioned was a 5.5% avg. ticket decrease in Sept. 7. In Sept., negative 5.5% avg. transaction decrease included combined negative impact of gas and FX of about 3.5 percentage points. 5. Openings/Relocations: 1. Opened 15 net new locations during FY09, plus one in Mexico. 1. US eight. 2. Canada, two. 3. UK, Taiwan, Korea, and Japan had one each. 2. Just a few weeks ago, opened first location in Australia in Melbourne. 3. Relocated two units in FY09 to bigger, better located facilities. 4. Plans to open 15-18 new locations in FY10, about three quarters of them in US, and up to 2-3 relocations. 5. Since FY09-end, opened one new location in Phoenix, Arizona at Paradise Valley shopping center. 1. Five additional openings planned before Nov. 22 1Q10-end. 2. One relo in Redwood City, California; possibly a second, but it could be delayed a week or so to the first week of 2Q10. 3. New locations in Colorado, Missouri, and Ohio. 4. On Nov. 12, opens first unit in Manhattan at 116th street in FDR Drive. 6. Now operates 560 locations around the world. 1. Includes 32 in Mexico; not consolidated, as COST is just a 50% owner. 6. 4Q09 Results: 1. Sales were $21.9b, down 3.3% from $22.6b in 4Q08. 2. Reported comp sales down 5%; excluding gas and FX, up 1%. 3. 5% comp sale decline was a combination of avg. transaction decrease of 9.5% and avg. frequency increase of 4.5%. 4. Included in avg. decrease of 9.5% are: 1. Weak FX represented a little over 2% negative. 2. Gasoline deflation a little over 4 percentage points. 5. Cannibalization has not been a big impact in last several quarters; about 40 BP hit to comp number, not that much different vs. recent months and quarters. 6. Avg. volume of all locations Co. wide for FY09 was $131m. 1. About 4.4% lower than $137m a year ago; a chunk of this is gas deflation and FX. 2. $131m compares to $133m for US only. 7. Sept. Sales Geographically: 1. Within US, all but one small region showed improvement from 4Q09 comp results to Sept. comp results. 2. Largest positive delta was Southern California, followed by Bay Area, Northwest, and Northeast. 3. In Sept., all of California down 1%; up 2%, without gas deflation. 8. Merchandise Categories: 1. Sept. Comp Sales: 1. All four core merchandise categories (food and sundries, hardlines, tiffany bracelets, and fresh foods) showed positive comps. 2. Hardlines and softlines had positive comp sales for the first time since over a year ago. 2. 4Q09 Comp Sales: 1. Food and sundries slightly positive. 1. No real stand-outs. 2. Pretty narrow range in most departments. 3. Had been experiencing pretty decent levels of consumer product price deflation. 2. Hardlines showed mid-single-digit positive comps in majors. 1. TV unit sales up 35%, mid-single digits, for Sept. 2. HABA, high-single digits, in Sept. 3. Hardware, low-double digits. 4. Sporting goods, double digits. 3. Within positive softlines comps, not a whole lot of stand-outs. 1. For Sept., saw decent numbers with housewares, small appliances, and domestics, latter two being right around 10%. 4. Fresh foods up mid-single digits. 1. Improvement from past few months. 2. In past few months and Sept., stand-out has been unit sales increases in low-double digits. 3. Deflation still there, but not as strong in July and Aug. 5. Cannot predict where sales would go in future. 6. By end of Oct., will have anniversaried peak gas prices and strengthening of US dollar against other many other currencies. 7. These two things will hopefully help; cannot really predict that. 9. Membership Fees: 1. 4Q09 reported membership fees were $490m; 2.24% of sales. 1. Up a little under 4%; about 15 BP higher from $473m or 2.09% a year ago. 2. About $17m reported increase. 2. Numbers were impacted by FX. 1. With strengthening dollar, membership fees in international currencies, when converted into US dollars, were lower than they would have been if FX rates had stayed constant. 2. $490.5m reported would be $500.5m or 2.29% if Co. had constant FX in 4Q09 vs. 4Q08. 3. A little under 6% increase or 20 BP up. 3. Strong renewal rates, still in 87% plus range. 1. Continually increasing penetration of executive membership. 4. Three strong Asia openings in July; this is impacting sign-ups. 1. Large new member sign-ups in the three openings in July in Taiwan, Korea, and Japan. 2. Great opening, in sales and membership sign-ups, in Melbourne, Australia in Aug. 5. New membership sign-ups in 4Q09 were down 3% YoverY. 1. Down 7% YoverY in 2Q09. 2. Down 5% YoverY in 3Q09. 3. Not a big issue; still feeling the impact of fewer YoverY openings. 4. In 4Q08, had net of six openings; 13 openings including relos vs. six openings which includes two relos this year. 5. In 2Q08, had seven openings vs. zero. 6. A lot of new sign-ups and new buildings with fewer openings this year vs. last. 7. Overall, fewer openings are impacting new sign-ups. 6. At 4Q09-end, had 21.4m members, up from 20.9m at 3Q09-end. 1. Primary business remained at 5.7m. 2. Business add-on remained at 3.4m. 1. All total, 30.6m vs. 30.0m at 3Q09-end. 3. Including spouse cards, went from 54.9m at 3Q09-end to just 8,000 shy of 56m at 4Q09-end. 7. At FY09-end, paid executive memberships frank gehry [8.936m], up 408,000 or 5% since 3Q09-end. 1. Just under 26,000 a week increase, new as well as conversions to executive membership. 2. Introduced executive membership program in UK in FY09; third country to have executive membership. 3. Of 408,000 executive members that became executive members during 4Q09, 62,000 came from introduction of this program in UK. 4. Taking this out, 5% increase would have been a 4% increase for rest of Co. 8. Renewal Rates: 1. A shade under 87.5%, rounding to 87.3%. 2. 92.2% on business, despite an improvement from 3Q09-end. 3. 86.0%, [a touch down] from 3Q09-end.

With help, bead firm has world on a string

By admin, 1 March, 2010, No Comment

Walk into Nancy Albert’s store, and you are enticed by beads of all colors and sizes just waiting to be tiffany pendant into unique designs. You may be inspired by the wall-sized hand-painted message: play, create, explore.

But finding creative ways to get more customers into the door has been a challenge for Albert this year.

It hasn’t always been tough. When Albert opened Bijoux Design Creations in 2002, she placed ads in trade publications and New Times — and the customers came, lots of them. A few years ago, beading was all the craze. Business grew briskly by word of mouth.

But it’s different in a downturn. Beading is a discretionary hobby for many people. Others, who bead to make money, find their customers don’t buy like they used to. So they don’t buy as much from Albert either.

Albert had thought she had tried everything — sales, coupons, ads, e-mail blasts — but she wasn’t drawing the customers she had in the past. And what is frustrating is that making jewelry can be a cost-effective way to be fashionable.

“People get intimidated by jewelry but if you know how to match your clothes, you can do it,” said Albert. “And the bottom line is even in a recession, women want to look good. You can make a cute pair of earnings for less than $10 — it doesn’t have to be high end.”

That’s when we brought in Jay Issod, a counselor with SCORE Miami since 1995, to help with a small business makeover.

He had a little trouble finding Bijoux Design Creations at 4776 SW 72nd Ave. in Miami, tucked into a cute Bird Road Art District complex with other small stores. So that led to his first suggestion: Her sign needs to stand out.

After spending some time walking the store with Albert and learning about the business, Issod was tiffany ring with all that Albert is doing right. She offers small in-store classes at the convenience of the customer. She sells a trendy selection of fully-made jewelry in an eye-catching display. Her team will custom-design jewelry for customers if they are not handy. She keeps a rich e-mail list of past clients. She’s up on all the fashion trends.

But to bring more customers in the door, Issod made these suggestions:

Expand your market.

Albert’s revenues in the past year have tumbled 30-40 percent. Not only has business fallen, but the cost of materials, such as gold and silver, has shot up.

That’s a lot of ground to make up. But it’s not impossible, Issod said.

Most of her customer base is young and middle-aged women. Some may have moved on to other hobbies. Why not try to broaden her customer base by appealing to more senior citizens, and conversely, high school and college students? Issod suggested Albert try offering classes at retirement condominiums, community centers, country clubs and universities.

Albert is working on that. The problem with on-site classes, she says, is she can’t bring the kind of bead selection that she offers in the store. But she said she would reach out to community and art centers in her area of town and perhaps work out a program for them.

NETWORKING SKILLS

Growing her market also includes expanding her networking, and Albert has been successful with that. She joined Chamber South as well as Femfessionals, and is continuing her involvement with a smaller women’s group she co-founded. “If I gain at least one new client at an event, it is worth is,” Albert said.

Improve your Internet site.

Issod pointed out that her store window is attractive and shows what her business is about inside. The opening page of www.bijouxdesigns.com should be like her store window to the world. While it does have her logo and colors, he said her site has too many words and there is no hook.

“You need to display the merchandise. Show what customers can create. Hook them with photographs. And make it personal. Let them know there is a person behind the business,” Issod suggested.

Albert agreed to do some retooling. “My website is geared to people who already bead. I need to retrain my thinking a little.”

Albert said she is working on a marketing postcard that shows the before and after process — supplies and finished jewelry — and that can be incorporated into her site, too.

One thing that doesn’t need improving: If you search on bead store in Miami, Bijoux Design Creations generally comes up first or second. Search words are something her husband, who helps her with the site, has worked hard on.

Appreciate your customers with a gift.

Issod suggested Albert send out an e-mail blast telling her customers she appreciates their business over the tiffany earring and she is offering a free, no-obligation gift.

It should be something typical of her store, perhaps something that customers who were into beading but maybe are not so much any more would still like to have, he said.

“I did this, you wouldn’t believe the response I got,” said Issod, who has owned several retail businesses. “Customers love to be appreciated.”

Albert is researching gift items now and has decided to hold off on the giveaways until January, generally a slow month.

For now, she is in full holiday mode, and since the makeover business has picked up some, with spiritual jewelry particularly popular. “I think people are searching for something to give them hope and faith because of how the world is right now,” Albert said.

PERSONAL TOUCH

More people are coming in to take classes so they can make holiday presents. “There’s no better gift than something hand-made specifically for you — those are the gifts you cherish,” Albert said.

But keeping the momentum going after the holidays is the challenge, and that’s where new marketing strategies come in.

Issod has no doubt Albert will follow through on many of his suggestions: “Being the smart charm bracelet she is, she doesn’t want to dive into them all at once and do anything halfway.

Some things she will launch after the new year, her slower time, which is smart.

“Marketing is hard work,” Issod said. “There is no easy button.”

Gallery 510 show and sale features something for everyone

By admin, 28 February, 2010, No Comment

Gallery 510 will have special Christmas shopping hours at its Holiday Marketplace next week and will feature art work by all of its members during the month of December.

The gallery will be open until 8 p.m. Wednesday to coincide with the Downtown Decatur Christmas Walk. The evening will also feature an a cappella group from Eisenhower High School and refreshments.

Barbara Dove, executive director of the gallery, said the exhibit will have something for everyone, with holiday prints priced about $15 and silk florals from $6.

“We’re really trying to pay attention to people’s pocketbooks,” Dove said. “Not everyone in this economy can buy a painting for $300.”

Gallery hours also will be extended until 7 p.m. Friday for the monthly First Friday reception. Among attendees will be Decatur jewelry artist Tina Sekimi, who creates wire and metal jewelry with fused glass, semiprecious stones and sterling silver or trimetals.

“Each piece is totally unique,” she said. “There’s no two alike.”

Recently, Sekimi said, she started creating more jewelry with trimetals, a more affordable material that people seem to like.

She has been creating jewelry for 4 1/2 years and is looking forward to sharing her art with others during the holiday season.

“The wire kind of tells me what to do when I start doing it, and I go from there,” Sekimi said.

The exhibit also will include work by other artists, including pottery, photography, purses and paintings.

The exhibit will remain open through December. Gallery hours are 11 a.m. to 5 p.m. Tuesday, Wednesday and Friday, 11 a.m. to 7 p.m. Thursday, and 11 a.m. to 3 p.m. Saturday.

BLUE CONNECTION: Millikin University’s downtown art gallery will feature photography by senior graphic design major Molly Pearce during December. Approaching shoes as art is the focus of her exhibit. An artist’s reception will be held from 5 to 8 p.m. Wednesday, in conjunction with the Christmas Walk.

Gallery hours are 10 a.m. to 5 p.m. Tuesday through Friday and 10 a.m. to 2 p.m. Saturday.

RICHLAND COMMUNITY COLLEGE: The David Erlanson Gallery will feature an Art Faculty Exhibition until Dec. 11, with an artist reception from 11:30 a.m. to 12:30 p.m. Wednesday. Artists on display will include Gil Rocha, Saul Solano, Edvydas Cicenas, Katie Hinton, Alida Duff Sullivan and Sharon Zimmerman.

Gallery hours are 10 a.m. to 3 p.m. Monday through Friday.

DECATUR AIRPORT: Decatur artist Tanya Greve’ will exhibit her holiday photography at the airport during December.

DECATUR PUBLIC LIBRARY: Large matte paintings by Shelbyville artist Carol Kessler will be on display this month.

@$:

PARIS ART CENTER: The gallery will exhibit “Works by Thomas Swopes” until Dec. 31. Gallery hours are 10 a.m. to 4 p.m. Tuesday through Friday.

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PARKLAND GALLERY: “Indirect Objects: Captured Identities” will feature photography by Liz Murphy Thomas of Springfield, Judith Sol-Dyess of Chicago, Stafford Hiroshi Smith of Lewisburg, Pa., and Vaughn Wascovich of Commerce, Texas.

An artists’ reception will be held from 6 to 8 p.m. Thursday, with a 7 p.m. gallery talk by Thomas. Sol-Dyess will give a lecture about her work at 3:30 p.m. Jan. 11 in the gallery. The gallery is located at Parkland College, Champaign.

Gallery hours are 10 a.m. to 3 p.m. and 6 to 8 p.m. Monday through Thursday, 10 a.m. to 3:30 Friday and noon to 2 p.m. Saturday.

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TARBLE ARTS CENTER: The center at Eastern Illinois University in Charleston will feature its 2009 Holiday Art Sale from 5 to 7 p.m. Thursday, 10 a.m. to 5 p.m. Dec. 4 and 10 a.m. to 4 p.m. Dec 5. Proceeds support art scholarships.

The center will also exhibit original art by children’s book illustrators from the Mariann Younger Collection in the eGallery from Dec. 5 through Feb. 21. The exhibit includes work by Ted Rand, Wendy Watson, Elisa Kleven and others.

Gallery hours are 10 a.m. to 5 p.m. Tuesday through Friday, 10 a.m. to 4 p.m. Saturday and 1 to 4 p.m. Sunday.

arueff@herald-review.com 421-6986

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Amazon Kindle DX Now for Sale to Customers in More Than 100 Countries

By admin, 26 February, 2010, No Comment

Amazon.com (NASDAQ:AMZN) today announced that Amazon Kindle DX, the purpose-built tiffany jewelry sale device that offers Kindle’s revolutionary wireless delivery and massive selection of content with a large 9.7-inch electronic paper display, is available for the first time to customers around the world. With 2.5 times the surface area of Kindle’s 6-inch display, Kindle DX’s larger electronic paper display with 16 shades of gray has more area for graphic-rich content, such as professional and personal documents, newspapers, magazines and textbooks. Kindle DX with Global Wireless is available for pre-order starting today for $489 at www.amazon.com/kindledx and ships Jan. 19.

Kindle DX wirelessly downloads books, magazines, newspapers and personal documents to a crisp, high-resolution 9.7-inch electronic ink display that looks and reads like real paper. Kindle DX includes a native PDF reader, auto-rotate capability and storage for up to 3,500 books. Kindle DX utilizes the same 3G wireless technology as advanced cell phones, so you never need to hunt for a Wi-Fi hotspot.

“Kindle DX is great for personal and professional documents, cookbooks and textbooks – anything that is highly formatted. Documents look so good on the big Kindle DX display, that you’ll find yourself changing ink toner cartridges less often and printing fewer documents,” said Ian Freed, Vice President, Amazon Kindle. “We’re excited to be able to offer Kindle DX to customers worldwide so they can carry all of their personal documents along with their whole library in one slender package.”

Kindle with Global Wireless, Amazon’s 6-inch purpose-built reading device, was released in October 2009 and has tiffany bracelets shipped to over 130 countries. Kindle is the most wished for, most gifted, and #1 bestselling item across the millions of products sold on Amazon.com.

The Kindle Store (www.amazon.com/kindlestore) offers international customers over 300,000 English-language books, including New Releases and New York Times Bestsellers, which are typically priced less than physical editions. International customers pay only the listed price of the book – no additional wireless charges or roaming fees. Over 1,000 different rights-holders now have books available in the Kindle Store, including leading publishers Atlantic Books, Bloomsbury, Canongate, Faber and Faber, Harlequin, HarperCollins, Lonely Planet, Penguin, Profile Books, Quercus, Random House, Simon & Schuster and Wiley.

More than 100 top newspapers and magazines are also available in the Kindle Store for single purchase or subscription, including The New York Times, USA Today, Newsweek, Financial Times (UK), The Times (UK), Globe and Mail (Canada), Frankfurter Allgemeine Zeitung (Germany), Le Monde (France), O Globo (Brazil), Hindustan Times (India), The Mainichi Daily News (Japan), El Pais (Spain), La Stampa (Italy), Shanghai Daily (China), El Universal (Mexico), Moscow Times (Russia) and The Prague Post (Czech Republic).

Customers around the world can now enjoy the same features that have made Kindle DX a top seller in the United States:

– Wireless Delivery of Personal and Professional Documents: Customers can take their personal and professional documents with them around the world with Kindle DX. They can even wirelessly receive personal and professional documents while they’re on the road, saving the hassle of searching for a printer or fax machine.

– Built-In PDF Reader: Kindle DX features a built-in, native PDF reader using Adobe Reader Mobile technology for reading professional and personal documents. Like other types of documents on Kindle, customers can wirelessly receive their PDF format documents on their Kindle if they have wireless coverage or move them over using a USB connection. With a larger display and built-in PDF reader, Kindle DX customers can read professional and personal documents with more complex layouts without scrolling, panning or zooming, and without re-flowing. Everything from annual reports with graphs to flight manuals with maps to musical scores can be viewed on a single, crisp screen with Kindle DX.

– Auto-Rotation: Kindle DX’s display content auto-rotates so users can read in portrait or landscape mode, or flip the device to read with either hand. Simply turn Kindle DX and immediately see full-width landscape views of maps, graphs, tables and images.

– 3.3 GB Memory Holds up to 3,500 Books: With 3.3 GB of available memory, Kindle DX can hold up to 3,500 books, compared to 1,500 with Kindle. And because Amazon automatically backs up a copy of every Kindle book purchased, customers can wirelessly re-download titles from their library at any time.

– Annotation and Bookmarks: The Kindle DX keyboard lets customers add annotations to text, just as they would write in the margins of a book. Customers can edit, delete and export these notes, highlight and clip key passages, and bookmark pages for future use. Additionally, Kindle DX automatically bookmarks the last page a customer reads of any content.

– Automatically Syncs With Kindle and Kindle-Compatible Devices: Amazon’s Whispersync technology tiffany on sale syncs customers’ last page read, bookmarks, notes and highlights across Kindle, Kindle DX, and Kindle-compatible devices like Kindle for PC and Kindle for iPhone, as well as Kindle for Mac coming soon.

– Incredibly Thin: Kindle DX is just over a third of an inch thin, which is thinner than most magazines.

– Adjustable Text Size: Kindle DX has six adjustable font sizes to suit your reading preference. You can increase the text size of your favorite book or periodical with the push of a button. If your eyes tire, simply increase the font size and continue reading comfortably. Now every book in your library can be large print.

– 3G Wireless, No PC, No Hunting for Wi-Fi Hot Spots: Just like Kindle, Kindle DX customers automatically take advantage of Amazon Whispernet to wirelessly shop the Kindle Store, download or receive new content in less than 60 seconds, and read from their library–all without a PC, Wi-Fi hot spot, or syncing. Amazon still pays for the wireless connectivity on Kindle DX so books can be downloaded in less than 60 seconds–with no monthly fees, data plans or service contracts.

– Extended Battery Life: Kindle DX now offers extended battery life – read for up to one full week with wireless on and up to two weeks with the wireless turned off.

– Text-to-Speech: Kindle DX offers the experimental read-to-me feature “Text-to-Speech” that converts words on a page to spoken word so customers have the option to read or listen. Customers can switch back and forth between reading and listening, and their spot is automatically saved. Pages turn automatically while the content is being read so customers can listen hands-free. Using the read-to-me feature with books, newspapers, magazines, and personal documents, Kindle DX can read to you.

– No Setup Required: When customers order a Kindle DX, it arrives from Amazon.com ready to use. There is no software to load or set up. Customers are immediately ready to shop, purchase, download and read from Kindle.

– Built-in Dictionary and Wikipedia: Kindle has built-in access to The New Oxford American Dictionary, which contains over 250,000 entries and definitions, so readers can easily look up the definitions of words within their reading. Kindle customers also have seamless access to the world’s most exhaustive and up-to-date encyclopedia–Wikipedia.org. With Kindle DX in hand, looking up people, places, events and more has never been easier. It gives whole new meaning to the phrase “walking encyclopedia.”

Media can visit the Kindle Media Room at http://www.amazon.com/pr/kindle for additional media resources and to request an interview.

About Amazon.com

Amazon.com, Inc. (NASDAQ:AMZN), a Fortune 500 company based in Seattle, opened on the World Wide Web in July 1995 and today offers Earth’s Biggest Selection. Amazon.com, Inc. seeks to be Earth’s most customer-centric company, where customers can find and discover anything they might want to buy online, and endeavors to offer its customers the lowest possible prices. Amazon.com and other sellers offer millions of unique new, refurbished and used items in categories such as Books; Movies, Music & Games; Digital Downloads; Electronics & Computers; Home & Garden; Toys, Kids & Baby; Grocery; Apparel; Shoes & Jewelry; Health & Beauty; Sports & Outdoors; and Tools, Auto & Industrial.

Amazon Web Services provides Amazon’s developer customers with access to in-the-cloud infrastructure services based on Amazon’s own back-end technology platform, which developers can use to enable virtually any type of business. Examples of the services offered by Amazon Web Services are Amazon Elastic Compute Cloud (Amazon EC2), Amazon Simple Storage Service (Amazon S3), Amazon SimpleDB, Amazon Simple Queue Service (Amazon SQS), Amazon Flexible Payments Service (Amazon FPS), Amazon Mechanical Turk and Amazon CloudFront.

Amazon and its affiliates operate websites, including www.amazon.com, www.amazon.co.uk, www.amazon.de, www.amazon.co.jp, www.amazon.fr, www.amazon.ca, and www.amazon.cn.

As used herein, “Amazon.com,” “we,” “our” and similar terms include Amazon.com, Inc., and its subsidiaries, unless the context indicates otherwise.

Forward-Looking Statements

This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results may differ significantly from management’s expectations. These forward-looking statements involve risks and uncertainties that include, among others, risks related to competition, management of growth, new products, services and technologies, potential fluctuations in operating results, international expansion, outcomes of legal proceedings and claims, fulfillment center optimization, seasonality, commercial agreements, acquisitions and strategic transactions, foreign exchange rates, system interruption, inventory, government regulation and taxation, payments and fraud. More tiffany sale about factors that potentially could affect Amazon.com’s financial results is included in Amazon.com’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and subsequent filings.

Richemont Sales Gain 2.4% In Third Qtr.

By admin, 25 February, 2010, No Comment

Compagnie Financire Richemont outshone market expectations with a 2.4 percent spike in third-quarter sales to 1.59 billion euros, or $2.35 billion, from 1.55 billion euros, or $2.29, thanks to top-performing brands Cartier and Van Cleef & Arpels and to strong demand in Asia.

All figures have been converted at average exchange rates for the three months to Dec. 31.

Richemont, which also owns brands including IWC, Dunhill and Chlo, said in a trading update necklaces that sales rose 7 percent at constant exchange rates, stripping out the impact of currency fluctuations.

The firm said the sales uptick was welcome in the context of a generally difficult economic environment, although it acknowledged that last year’s comparative figures were weak.

But the overall news appears to be positive: The statement added that, in December, sales grew 12 percent at constant exchange rates.

Antoine Belge, analyst at HSBC in Paris, said he’d forecasted sales growth of 4 percent at constant rates, compared with Richemont’s 7 percent.

Cartier’s recent launches, including the steel version of the Ballon Bleu watch and the Les Must collection, both contributed to that success, he said.

In November, Cartier refreshed and relaunched Les Must, its entry-price collection that was born in the Seventies. The collection of jewelry, watches and small leather and silk accessories is currently stocked at Cartier stores worldwide. Prices range from about $75 for a goatskin business card holder to about $2,500 for a pink tiffanys and pink tourmaline pendant.

Luca Solca of Bernstein Research in London said Richemont beat his sales projection of 1.55 billion euros, or $2.29 billion. Bernstein is bullish in general about the recovery prospects of jewelry this year. We believe significant room remains for upside from continued restocking by jewelry wholesalers, Solca said in his report on Richemont Monday.

By category, Richemont said sales at its jewelry brands rose 5 percent fueled by top performers Cartier and Van Cleef while those at the specialist watchmakers grew 3 percent thanks to increasing wholesale orders.

Sales of writing instruments fell 1 percent, while those of fashion and accessories were largely flat. Retail sales grew by 8 percent, while wholesale sales fell by 2 percent. The company noted the rate of wholesale decline has slowed considerably compared with the first six months.

Asia-Pacific was the top-performing region, with sales growth of 25 percent, thanks to Mainland China and Hong Kong, Richemont said. The region generated 31 percent of overall sales in the quarter.

Europe remains weak, with sales down 4 percent. Sales in the Americas fell 2 percent. At constant exchange rates, however, sales in the Americas rose 8 percent, thanks to improved consumer confidence and restocking by wholesalers, the company said. In Japan, sales fell 12 percent in the three months.

Richemont will publish 2009-2010 fiscal year results on May 27. They will be the first round of numbers to be bangles under the company’s interim chief executive officer Johann Rupert, who will replace Norbert Platt in April.

Storms could pose threat to Valentine’s Day sales in Oklahoma

By admin, 24 February, 2010, No Comment

As snow swirled around Oklahoma City’s Quail Springs Mall, Rebecca Orr sold 10 Valentine’s Day tiffany necklace to husbands visiting J’s Hallmark Shop.

“That’s all I’ve sold this morning is wife cards,” said the store manager. “While we always have quite a bit on hand, we have to set out extra sets of wife cards.”

While the activity pleased her, Orr couldn’t help questioning what those sales might have been without the winter spray. That’s a key factor for Oklahoma retailers focused on the season of love, where Valentine’s can dictate 20 to 50 percent of annual sales.

“This is definitely our busiest holiday,” said Devon Morris, manager of the Russell Stover candy shop at Tulsa’s Utica Square. “We’re seeing an increase definitely in traffic.”

After struggling 18 months, overall retail sales rose 3 percent or more nationally in both December and January, according to data from the International Council of Shopping Centers. A National Retail Federation survey by BIGresearch forecasts positive momentum continuing through Valentine’s Day, although at only a 0.4-percent pace to $14.1 billion.

BIGresearch found couples plan to spend less on themselves, but more on others, leading to an overall tiffany accessories per person to $103 from $102.50. Men on average should pay out about twice what women do on gifts this Valentine’s Day season, $135.35 versus $72.28.

That makes the snow all the more important, since retailers can’t regain Valentine’s traffic after Feb. 14. With more than 12 to 14 inches down, Tulsa-area snowfall stands about 50-percent ahead of annual averages, with more storms feared later this week. Oklahoma City charted similar amounts this year.

“Weathermen are always our worst enemy as a retailer because as soon as they say ‘Don’t get out,’ everybody stays home,” said Orr.

The Sunday holiday presents a separate problem for florists, diminishing walk-in traffic while making deliveries more difficult, said Jerry Johnston with Stem’s in Tulsa and Skiatook.

“As long as it melts by Thursday, it’s OK,” Johnston said of the potential snow. “But if it hangs around, yes, we can have tiffany key. Significant problems, both with walk-in traffic or deliveries. When the holiday’s on a Sunday like this, for us, we have generally much more people picking up than we do delivery.”

Greeting cards, candy and flowers remain the season’s traditional gifts, chosen by one of every two or three respondents in the NRF survey. But some consumers also said they would look to sweaters, winter accessories and other clothing options in place of jewelry or an evening out.

“A lot of people are doing a lot more thoughtful giving,” acknowledged Morris, whose candy assortments range from $1.29 to $150 for handpicked hearts. “A lot of people are sending out candy to people out of state.”

Last year his store charted almost 900 customers just before the holiday. Morris expects a similar rush this weekend, aided by their midtown neighborhood location.

“It’s huge, especially on this side of town, where a lot of the older money is here,” he said. “A lot of the old oil family tycoons from Tulsa live on this side of town and they definitely like to stick to tradition.”

That late rush also proves the norm for Wood’s Downtown Floral in Oklahoma City and Edmond. Workers there expect the bulk of orders to start flowing in Wednesday, with most of those for roses. Past Valentine’s have brought delivery orders for 300 or more one-dozen bunches.

While Russell Stover sticks to traditional candy boxes, Hallmark has enjoyed success with its high-tech recordable storybook cards.

“Also the Hallmark I Love You Bear, that one is doing very well for us,” said Orr.