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Jeweler Shot to Death in Home Invasion

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He was 55.

Texas jeweler Theodore “Ted” Shaughnessy was shot to death in a home invasion on Friday, authorities said.

His body was found at a home in Travis County, KXAN reports. Shaughnessy, 55, owned Gallerie Jewelers in Austin with his wife.

No arrests have been made. KXAN reports that police “are investigating the possibility that any suspects may have known the homeowners.”

Police said they found evidence of forced entry into the residence. 

Read more at KXAN

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Thanksgiving Weekend to Draw 165M Shoppers With Deals ‘Too Good to Pass Up’

Holiday retail sales are expected to grow 4%.

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(Press Release) WASHINGTON – Retailers are preparing for one of the busiest shopping weekends of the year with an estimated 165.3 million people likely to shop Thanksgiving Day through Cyber Monday, according to the annual survey released by the National Retail Federation and Prosper Insights & Analytics.

“The tradition of Thanksgiving weekend holiday shopping has become a five-day event with consumers spending money in stores, supporting local small businesses, and online with their mobile devices and computers,” said NRF President and CEO Matthew Shay. “Even as people are starting to purchase gifts earlier in the season, consumers still enjoy finding good Thanksgiving deals and passing time shopping with family and friends over the long holiday weekend.”

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Throughout the course of the holiday weekend, 39.6 million consumers are considering shopping on Thanksgiving Day, 114.6 million on Black Friday, 66.6 million on Small Business Saturday and 33.3 million on Sunday. The shopping weekend will wrap up on Cyber Monday, when 68.7 million are expected to take advantage of online bargains.

Shay said younger consumers are significantly more likely to shop over the Thanksgiving weekend. Among those ages 18-24, 88 percent say they are likely to shop and particularly enjoy the social aspect. Similarly, 84 percent of those ages 25-34 plan to shop. That compares with 69 percent of holiday shoppers overall.

Of those planning to shop, there is an almost even split of people who plan to start their shopping in-store (47 percent) compared with those who plan to start online (41 percent). Those under 25 are even more likely to say they expect to start shopping in-store (52 percent).

“We expect the biggest increase in potential shoppers for Thanksgiving Day this year,” Prosper Insights Executive Vice President of Strategy Phil Rist said. “We anticipate that people may head to stores if they are open or shop from their phones while watching football.”

The top reasons consumers are planning to shop include:

  • The deals are too good to pass up (65 percent)
  • Tradition (28 percent)
  • It’s when they like to start their holiday shopping (22 percent)
  • It’s something to do over the holiday (21 percent)
  • It’s a group activity with friends/family (17 percent)

For consumers who do not plan to shop, more than half (53 percent) say something could convince them. The top reasons given that would change their minds are a sale or discount on an item they want (26 percent), if a family member or friend invites them to shop (12 percent), if they could be sure the items they want are available (11 percent) or a free shipping offer (11 percent).

NRF’s annual forecast estimates that holiday retail sales in November and December will be up between 3.8 percent and 4.2 percent over 2018 for a total of between $727.9 billion and $730.7 billion.

The survey of 7,917 adult consumers’ Thanksgiving weekend plans was conducted Oct. 31 through Nov. 6 and has a margin of error of plus or minus 1.2 percentage points.

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Video: How to Achieve a $100,000 Day in Your Jewelry Store

It’s possible to make it happen every year.

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WOULD YOU LIKE TO sell $100,000 worth of jewelry in a single day?

It’s very possible to achieve this benchmark one a year or more, says Jim Ackerman.

In this episode of Marketing Gems, Ackerman explains how to go about it.

Take a look:

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Jewelers to Pay $16,000 in Restitution for Scheme Targeting Military Families

They were convicted last year.

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SACRAMENTO, CA – A California jeweler must pay restitution in connection with a scheme targeting military families.

A Los Angeles Superior Court judge ordered defendants Ramil Abalkhad, owner of Romano’s Jewelers, and Melina Abalkhad, owner of MBNB Financial Inc., to pay the victims $16,440.56 by May 4, 2020.

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“Individuals who participate in despicable crimes by targeting our young men and women in uniform will pay the price,” said California Attorney General Xavier Becerra. “We hope today’s announcement brings healing and closure to the victims of this scheme. Our office will continue to protect all Californians from all types of fraud – large or small. The California Department of Justice will always have the backs of our military families.”

Romano’s Jewelers had several retail locations in California, including stores near Camp Pendleton Marine Corps Base, according to a press release from Becerra’s office. The Abalkhads were alleged to have targeted young Marines and sailors, encouraging the purchase of jewelry using MBNB Financial for credit. According to the criminal complaint, Ramil Abalkhad failed to provide legally required disclosures about monthly payments, interest rates and others terms of financing.

Those customers who fell behind on their payments were allegedly harassed by the defendants’ debt collectors. In addition, the complaint alleged that Romano’s Jewelers used debt collectors who falsely posed as attorneys and illegally threatened servicemembers with court martial and other military disciplinary actions.

The California Department of Justice filed a 14-count felony complaint charging the defendants with conspiracy to violate the Unruh Act, which protects consumers who buy goods or services on credit, and the Rosenthal Fair Debt Collection Practices Act, which protects Californians against unlawful debt collection practices.

Becerra announced the sentencing of the defendants in December 2018. Ramil Abalkhad was sentenced to three years of felony probation, including a requirement that he serve 90 days in jail.

He will also be required to cancel outstanding MBNB debts owed by the victims identified in the criminal complaint and was also ordered to remove any negative credit reporting by MBNB from the victims’ credit history.

Melina Abalkhad was sentenced to complete a misdemeanor diversion program for her role in operating Romano’s Jewelers affiliate MBNB Financial.

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