Retail

Shop LC Leaks Details on Traditional Retail Jewelry Supply Chain Markups and How to Avoid Them

Home shopping channel explains how your regular jewelry purchase might be costing you too much

Published: Nov. 9, 2021 at 6:33 AM EST|Updated: 2 hours ago

AUSTIN, Texas, Nov. 9, 2021 /PRNewswire/ — Jewelry is expensive. But does it have to be? Shop LC, a vertically integrated retailer of jewelry, explains how the supply chain adds excess cost to consumers.

(PRNewsfoto/Shop LC)
(PRNewsfoto/Shop LC)

UNDER $10 JEWELRY AT SHOP LC

“Providing the best value for money isn’t that hard,” explains Amit Agarwal, Shop LC President. “While materials like 14K gold can account for around 60 to 80 percent of an items cost, there are ways to improve affordability. For instance, Under $10 jewelry often uses a sterling silver base with a finish of gold, providing exceptional value while preserving the look of solid gold.”

In the traditional manufacturing process for gemstone jewelry, a high markup occurs with gems

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Manhattan’s Fifth Avenue Mired in $200 Million Retail Rent Fight

Not long ago, major fashion brands were willing to pay ballooning rents just to have a store on Manhattan’s Fifth Avenue. Now the world-famous shopping strip has transformed into a battleground between landlords and tenants seeking a way out of pricey leases.

It’s a side effect of the pandemic that’s plagued New York for more than a year. The foreign tourists who were Fifth Avenue’s lifeblood before the lockdown are gone. So, for the most part, are the office workers who might have stopped at a store while hustling by. Boarded-up spaces and “For Rent” signs are multiplying.

The few merchants looking to sign new leases are demanding deep discounts. Some that have been there all along — such as the National Basketball Association, Valentino and Marc Fisher — are embroiled in legal battles with their landlords over unpaid rent.

Along a roughly 20-block stretch of Fifth Avenue, the handful

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Fashion vs. the Economy: Retail Faces Double Dip

Click here to read the full article.

The economic roller coaster isn’t over — and fashion can just hold on as tight as possible. 

As horrible as the first phase of the coronavirus crisis was, it was relatively straightforward (and straight down). Almost everybody was forced to shut down and go home, leading a projected contraction of more than 30 percent in second-quarter gross domestic product and an unemployment rate of more than 11 percent. 

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Even though the initial shock passed, that sinking feeling hasn’t gone away. No one knows what’s coming next. For retailers and brands, that means adjusting their business models and conserving cash, fingers-crossed they make it to the other side of the open-ended economic crisis. 

The coronavirus is the driving force behind the chaos, but it’s not the only variable. The reactions to the pandemic on the part of federal policy makers,

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