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The obsession with lavish weddings grew to a fever pitch in the years following the start of the Covid-19 pandemic. That’s bad news for wedding vendors who provide services like videography, photo booths and catering. Meanwhile, those vendors are facing a more worrisome existential threat: a looming drop in the overall number of weddings. But she said that so far in 2024, weddings are “cooling a bit.”A recent wedding where Gabrielle Stone served as the planner. In another life, some of those would-be couples who never met in 2020 could have gotten engaged this year.
Persons: , Shane McMurray, What’s, McMurray, Gabrielle Stone, ” Stone, Stone, Kay, Jared, Gina Drosos, , Z, ” McMurray, Toni Burrowes, Burrowes, didn't, Toni Burrowes “, Alyssa Young, We've, Alyssa Young “, it’s, ” Young, It’s Organizations: CNN, Signet Jewelers, Kay Jewelers, Signet, Alpha, University of Virginia, Brigham Young University, Bureau of Labor Statistics Locations: Boston, Zales, Central Florida, San Antonio, Texas
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJim Cramer goes one-on-one with Signet Jewelers CEO Gina DrososSignet Jewelers CEO Gina Drosos joins 'Mad Money' host Jim Cramer to talk the engagement market, Black Friday traffic, appealing to a younger market and more.
Persons: Jim Cramer, Gina, Gina Drosos Organizations: Signet
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSignet Jewelers CEO Gina Drosos: 80% of unmarried Gen Z and Millennials want to get engagedSignet Jewelers CEO Gina Drosos joins 'Mad Money' host Jim Cramer to talk the engagement market, Black Friday traffic, appealing to a younger market and more.
Persons: Gina Drosos, Gen Z, Jim Cramer Organizations: Signet
Signet Jewelers CEO Gina Drosos told CNBC's Jim Cramer on Tuesday that marriage proposals are finally on the rise, years after Covid disrupted typical dating patterns and hurt the company's business. "We know a lot about dating couples, and so we feel quite confident that our predictions are right, and that the engagement trough has happened," Drosos said. Bridal jewelry, especially engagement rings, makes up about 50% of Signet's sales, said Drosos. The company attributed poor sales in recent years to the slowed dating and stalled relationships brought on by isolation during the pandemic. Signet's surveys also suggest that younger generations have a greater desire to get engaged than in years past, she added.
Persons: Gina Drosos, CNBC's Jim Cramer, Drosos, Jared, Zales, Kay Jewelers, Tuesday's, Z, aren't Organizations: Signet, Google
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSignet Jewelers CEO Gina Drosos: Seeing a lot of pressure on consumer spendingGina Drosos, Signet Jewelers CEO, joins 'Squawk on the Street' to discuss the CEO's insights into the consumer, how recent holidays have fared for the jewelry company, and how the company is operating inventory levels.
Persons: Gina Drosos Organizations: Signet, Signet Jewelers
Signet Jewelers targets up to $10B in revenue in the mid-termSignet Jewelers CEO Gina Drosos joins "Mad Money" to discuss the company's strategy and outlook for the jewelry industry as the company expects the trough in engagement to end in 2023.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe continue to invest sustainably in our competitive advantages, says Signet Jewelers CEO Gina DrososMad Money host Jim Cramer is joined by Signet Jewelers CEO Gina Drosos to discuss the company's earnings and aggressive move to take market share in the jewelry business.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPeople are giving fewer gifts, but at higher price points, says Signet CEOSignet CEO Gina Drosos joins 'Closing Bell' to discuss the forces behind the company's earnings beat, trends in consumer spending on jewelry, and the value engineered products behind strong Black Friday margins.
Expect big holiday sales on everything but the bling
  + stars: | 2022-09-26 | by ( Parija Kavilanz | ) edition.cnn.com   time to read: +3 min
New York CNN Business —Retailers have already signaled big sales are coming for the holidays — with one major, sparkly exception. That’s because holiday jewelry sales have been on fire over the last two years. “Jewelry is in good shape heading into this holiday season,” said Marshal Cohen, chief retail industry adviser with NPD Group. “With no real overstock position, [jewelry] retailers are not anxious” and don’t see the need to run big sales, he said. Paul Zimnisky, an independent jewelry industry analyst, said Signet’s comments indicate that consumers should not expect big sales or liquidation deals.
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