Jewelers are getting in on bitcoin, but what is this all about?
Kay Jewelers’ online business ‘sold out’ in one month
Jewelers have been trying to capitalize on bitcoin’s success by opening stores and buying bitcoin to sell them online.However, a couple of weeks ago, it was reported that a couple in the Chicago area were selling their jewelry for about $10,000, or about 2 percent of their entire market value.In some cases, they were selling […]
Kay Jeweleries’ online marketplace for jewelry and accessories is sold out in one year.The company said Monday it’s closed its doors amid “challenges in the marketplace” and it will continue to focus on its online business, which was one of the fastest-growing segments of its business. Keller Jewelers, one of Kay’s biggest rivals, closed its online […]