It’s official: “green” jewelry has hit the mainstream. Wal-Mart Stores announced today that it will stock a new brand of sustainable jewelry that will be tracked from mine to market. The new exclusive Love, Earth brand , which includes a $69 sterling silver necklace and $48 hoop earrings, will be sold in Wal-Mart, Sam’s Club, and online. A customer who buys the jewelry can visit www.loveearthinfo.com to see where their particular piece of jewelry was mined and learn about the suppliers’ environmental programs. To make this program a reality, Wal-Mart is working with United States metal mines: a first. Previous environmental brands have used recycled precious metals. The project partners include global mining giant Rio Tinto , Newmont Mining Corporation , and Aurafin, a jewelry distributor that is part of the Richline Group. The project will initially focus on gold and silver jewelry using metal from Rio Tinto’s Kennecott Utah Copper Bingham ...
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Filed under: Wal-Mart (WMT) , Columns
Welcome to the 85th installment of The Wal-Mart Weekly, a column dedicated to bringing you insight, wit, facts, results, opinions, and just a bit of everything else when it comes to a very hot topic these days: Wal-Mart.
Wal-Mart Stores Inc. (NYSE: WMT ) has seen its share of ups and down in recent years. It has tried to change its strategy, brought more stores into its fold, had a hand at recruiting more customers from higher-margin spending seg... more
The name Wal-Mart usually conjures up images of old greeters in blue vests, smiley faces, and disgruntled independent merchants. But after a recently enacted agreement, you may soon add returning combat veterans to that list. This past Veterans Day, Wal-Mart Stores Inc. and the U.S. Army Reserve signed an agreement that will provide Army Reserve Soldiers opportunities for employment with Wal-Mart after they successfully complete military occupational specialty training. Wal-Mart and the Re... more
The Federal Trade Commission just published a consumer alert on what to look for when purchasing jewelry. And it’s actually titled Puttin’ on the Glitz: What to Know When Shopping for Jewelry . Despite good intentions, the impact of these kinds of warnings are always somewhat negative in that they give the impression that jewelers are generally less than trustworthy. But this alert is even worse than most in that it doesn’t get the facts quite right.
Fortunately, an early ... more
At Modern Jeweler, we love the Spectrum Awards because this gemstone jewelry competition organized by the American Gem Trade Association often discovers new talent, including great designers at retail stores across the country. (Just take a look at the spectacular winning designs in our February Issue, Colorful Champions .)
But every year at the AGTA press event that showcases all the entries our editors find a few pieces that we think really should have won. We think you would too... more
Now that the threat of the writer’s strike is over, fashion is celebrating the resuscitation of Oscar’s red carpet. So this week’s Grammys are being studied for clues to the main event coming up soon on February 24. And if the Grammys are any indication of what we’ll see in a week, don’t look for important necklaces on the stars this year.
Once again at this year’s Grammy Awards, the focus was on the wrist. The look of the night was the important cuff: one large ... more
If the first reports trickling in on holiday sales are accurate, the National Retail Federation’s estimate of 4 percent sales growth for the holiday season, the lowest since 2001, may have been too optimistic. The day after Christmas, some reports were that sales were flat. ShopperTrak and MasterCard Advisors have said that overall sales were up 3.6 percent, but excluding gas and auto purchases left a measly increase of only 2.4 percent. The International Council of Shopping Centers s... more
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