Rushville Republican

Community News Network

June 24, 2013

Gatsby-style weddings show confidence to spend big

(Continued)

WASHINGTON —

"There are some indicators that consumers are finding their stride," said Josh Holland, a spokesman for Blue Nile Inc., an online retailer of diamonds and fine jewelry. The Seattle, Washington-based company, founded in 1999, estimates it sells half of all U.S. engagement rings purchased over Internet. "More people bought a Blue Nile diamond engagement ring in the first quarter of 2013 than in any other first quarter in our history."

Signet Jewelers, which sells engagement and wedding rings under Kay and Jared brands, reported an 8.1 percent increase in same-store sales in the U.S. for the 13 weeks ended May 4. Last year, the company recorded a 1.2 percent increase in the comparable period. Investors have been rewarded with a 23 percent increase in Signet shares in the six months through June 14, compared with a 14 percent gain for the S&P 500.

New York-based Martha Stewart Living said advertising revenue from its Weddings magazine rose 6 percent in the first quarter, and it's "encouraged" by the levels seen in April, according to comments by Chief Financial Officer Kenneth P. West during an April 30 conference call with analysts.

Stronger demand is allowing companies to raise prices. The average cost of a wedding dress climbed to $1,211 last year from $1,121 in 2011 and $1,099 in 2010, according to XO Group.

Hollywood is playing a role too. Some couples are inspired by the Roaring Twenties style of opulent parties, rich diets, slinky knee-length dresses, champagne and diamonds, as pictured in "The Great Gatsby," a 3-D movie released earlier this year that stars Leonardo DiCaprio.

"We also see, with pop culture, the release of The Great Gatsby, a revival of looking to things that are nostalgic," Beitler said in a phone interview. "There's been a focus on vintage-style dresses. Lace has been a very large and growing trend."

Text Only
Community News Network
  • The Simpsons still going strong

    The groundbreaking animation first hit the air Dec. 17, 1989, but the family first appeared on television in "The Tracey Ullman Show" short "Good Night" on April 19, 1987.

    August 21, 2014

  • Police chief resigns over racial slur repost to Facebook

    A repost on his personal Facebook page of a racially-charged comment by the original poster of a comedy video has forced the police chief of an Oklahoma city to resign his office.

    August 21, 2014

  • Does Twitter need a censor?

    Twitter decided last year to make images more prominent on its site. Now, the social network is finding itself caught between being an open forum and patrolling for inappropriate content.

    August 21, 2014

  • sleepchart.jpg America’s sleep-deprived cities

    Americans might run on sleep, but those living in the country's largest cities don't appear to run on much.

    August 20, 2014 1 Photo

  • Who should pay for your kids ACT?

    Thirteen states paid for 11th-grade students in all public high schools to take the ACT college admission test this year, with several more planning to join them in 2015.

    August 20, 2014

  • Pets.jpg Why do people look like their pets?

    As much as we might quibble over the virtues and vices of Canis domesticus, however, and over whether human nature is any better or worse than dog nature, even dog fanciers don't usually want to look like a dog.

    August 20, 2014 1 Photo

  • Ice bucket challenge trending up

    Internet trends are a dime a dozen these days. Everything from Tebowing to planking to the cinnamon challenge can cause a wave of social media activity that can last for weeks before fizzling out.

    August 19, 2014

  • Africa goes medieval in its fight against Ebola

    As the Ebola epidemic claims new victims at an ever-increasing rate, African governments in Sierra Leone, Guinea and Liberia have instituted a "cordon sanitaire," deploying troops to forcibly isolate the inhabitants in an area containing most of the cases.

    August 18, 2014

  • Democrat? Republican? There's an app for that

    If you're a Republican, you might want to think twice before buying Lipton Iced Tea, and forget about Starbucks coffee. If you're a Democrat, put down that Reese's Peanut Butter Cup, and throw away the cylinder of Quaker Oats in your pantry.

    August 18, 2014

  • Five myths about presidential vacations

    In the nuclear age, presidents may have only minutes to make a decision that could affect the entire world. They don't so much leave the White House as they take a miniature version of it with them wherever they go.

    August 15, 2014