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Corporate diary

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The five - Royal Bank of Canada, Toronto-Dominion, Bank of Nova Scotia, Canadian Imperial Bank of Commerce and Bank of Montreal - have benefited from an unexpectedly strong rebound in the Canadian economy, especially the housing market. Andre-Philippe Hardy, analyst at RBC Capital Markets, Royal Bank's securities arm, last week lifted his estimate of the banks' 2010 and 2011 earnings by 4-5 per cent.

* Richemont , the world's second-biggest luxury goods group best known for its Cartier jewellery and Montblanc pens, should report a strong rebound for its 2009-10 financial year to March 31, writes Haig Simonian .

Attention will focus on the outlook from Johann Rupert, the group's traditionally cautious executive chairman, to see whether Richemont's reference shareholder has grown significantly more bullish of late.

Richemont downbeat over sector prospects

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Richemont distanced itself yesterday from the surging confidence in the luxury goods sector, as the maker of Cartier jewellery and Montblanc pens warned of continuing uncertainties in most markets outside Asia.

The restraint from Geneva-based Richemont, the second biggest luxury goods group after France's LVMH, contrasts with a markedly more upbeat mood in the industry as manufacturers emerge from one of the most testing periods in memory.

He added that Richemont was well placed to "seize opportunities".

du and Montblanc present luxury like never before

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For the very first time, in a move that encompasses over 100 years of expert craftsmanship, German luxury goods manufacturer Montblanc has joined forces with du to bring du Elite Plan customers something really special and distinct. This is in association with UAEs largest luxury retailer Rivoli Group.In a world first, du's Elite Plan customers now have the unique privilege of owning a luxurious handcrafted Montblanc Meisterstck Cover for BlackBerry or iPhone. du Elite Plan customers will be invited to visit any of the Montblanc Boutiques in Dubai and be among the few in the world to pick up one of the elegant and highly exclusive covers, which are expected to become one of the most coveted and luxurious mobile accessories. The scheme will be extended to other countries after its global launch in the UAE."With this latest product offering, Montblanc demonstrates yet again that while deeply rooted in the greatest tradition, it continues to pioneer new design, moving at the same pace as new technologies. The exclusive Montblanc Meisterstck covers are crafted from the finest calf leather, and the deep black luxury accessory is the perfect cover to protect the owner's precious iPhone or BlackBerry," commented Mr.


For the very first time, in a move that encompasses over 100 years of expert craftsmanship, German luxury goods manufacturer Montblanc has joined forces with du to bring du Elite Plan customers something really special and distinct. This is in association with UAEs largest luxury retailer Rivoli Group.In a world first, du's Elite Plan customers now have the unique privilege of owning a luxurious handcrafted Montblanc Meisterstck Cover for BlackBerry or iPhone. du Elite Plan customers will be invited to visit any of the Montblanc Boutiques in Dubai and be among the few in the world to pick up one of the elegant and highly exclusive covers, which are expected to become one of the most coveted and luxurious mobile accessories. The scheme will be extended to other countries after its global launch in the UAE."With this latest product offering, Montblanc demonstrates yet again that while deeply rooted in the greatest tradition, it continues to pioneer new design, moving at the same pace as new technologies. The exclusive Montblanc Meisterstck covers are crafted from the finest calf leather, and the deep black luxury accessory is the perfect cover to protect the owner's precious iPhone or BlackBerry," commented Mr. Guido Zimmermann, Sales Director Corporate & Wholesale, Montblanc.The exclusive leather covers hold the essence of unmatched years' experience of the skilled craftsman, Lothar Lips otherwise known as the man with the 'The Magic Hand'. Lothar Lips began his apprenticeship at Montblanc when he was 16 years old and, with the skilled hands of a professional, can turn single pieces of leather into brilliant leather accessories.Each cover features the Montblanc star, the brand's emblem inspired by the snow-capped peak of Europe's highest summit Mont Blanc. The star-shaped symbol has become synonymous with timeless excellence and pioneering perfection. A special edition of the cover is also planned later, featuring the unmistakable Montblanc Diamond in place of the emblem a 43-facet patented stone cut in the shape of the star."By joining hands with a global brand like Montblanc, we are pleased to be able to offer our du Elite Plan customers not only the best in telecom services, but also extra privileges such as these luxurious high-end mobile phone accessories. These beautiful covers will give that added style and flair to our Elite subscribers' BlackBerry and iPhone devices, helping them get the most out of their mobile experience," commented Farid Faraidooni, Chief Commercial Officer, du.Over a period of three months, du's Elite Plan customers can exclusively enjoy being among the privileged few in the world to own a Montblanc cover for their iPhone or BlackBerry smartphones, by simply subscribing to the duElite Plan and sending 'montblanc' via SMS to 5552 to receive a password that enables them to receive their free Montblanc cover. Existing Elite Plan customers can also benefit from receiving a privilege offer when purchasing the Montblanc cover. Customers can go to any of 13 Montblanc boutiques in the UAE with their passcode in order to purchase or claim their free BlackBerry or iPhone cover."Montblanc is proud to be collaborating on this exclusive project with du, which, like the luxury brand, offers pioneering innovation and quality to its top end customers," commented Mr. Guido Zimmermann, Sales Director Corporate & Wholesale, Montblanc.Montblanc established its reputation as a master craftsman with the creation of the Meisterstck, a writing instrument that has been regarded for over 85 years as a timeless icon of design and craftsmanship. Praised for its superior quality, the Meisterstu 2010 Al Bawaba (www.albawaba.com)

TurnTo Customers Thrive on Social Shopping During the Holidays; Customers Unveil TurnTo Performance Data

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Through TurnTo, consumers can connect to friends from Facebook and other top social networks while shopping at dozens of online stores, making it easy to get truly trusted advice. Internet Retailer 500 site Jomashop (www.jomashop.com), a leader in the wholesale and retail trade of luxury goods, saw a direct correlation between the deployment of TurnTo and its recent success over the holidays; shoppers who interacted with TurnTo converted at a rate over 6 times higher than those who didn't.

"When people shop for watches and jewelry online, they're doing a lot of research. They want to know they're buying from a credible site and that they're making good product decisions. TurnTo gives our visitors this extra confidence and helps them make decisions they're comfortable with," said Chaim Posen, Marketing Manager of Jomashop. "We do a high percent of our annual sales over the holidays so we monitor our tools closely, and TurnTo really delivered."

ChristianCinema.com, a DVD eCommerce site dedicated to Christian and family films, also thrived. Over this holiday season, ChristianCinema.com increased its sales conversion rate more than 8 times over baseline for visitors interacting with TurnTo. Average order value went up by 14% for these visitors.

"Our partnership with TurnTo is indicative of our commitment to giving customers a great shopping experience," said Jared Geesey, VP of ChristianCinema.com. "When holiday shoppers face such a tremendous selection of products, it helps to see what friends and neighbors chose. We're delighted with the results, and the numbers show our customers appreciate the service, too."

eParty Unlimited (www.epartyunlimited.com), a leading provider of entertainment-related products and party supplies, had similar results. By connecting customers to trusted sources of advice, eParty Unlimited saw conversion rates for shoppers who interacted with TurnTo more than 8 times higher than their baseline.

"The holiday season represents a tremendous opportunity for us to maximize sales and build a loyal customer base," said Jimmy Weng, Founder and CEO, eParty Unlimited. "TurnTo helped make the 2009 season a big success by building a connection in shoppers' minds between their friends and our brand."

Experts on social commerce agree that TurnTo's data are noteworthy and presage a big year for social shopping in 2010. "Leading retailers implemented social shopping in 2009 and are starting to report significant return on investment, as TurnTo's results show," said Marc Osofsky, VP Marketing, Optaros. "2010 is likely to be the year when social shopping becomes a must-have feature."

"We take great pride in having helped our partners succeed during the holiday season," said George Eberstadt, CEO and founder of TurnTo. "Adding the trust that comes from personal relationships into the shopping process delivers benefits for both customers and merchants."

About TurnTo

TurnTo bridges the divide between social networks and ecommerce. Internet Retailer 500 companies, including Jomashop, Dog.com, and LionBrand Yarn, use TurnTo to convert visitors into buyers by showing them which friends are already customers. Measured across product categories, the conversion rate of visitors who use TurnTo is 2-4 times higher than it is for those who don't. TurnTo is a white-labeled, SaaS offering that can be integrated in a few hours. TurnTo supports Facebook, Twitter, and other top social networks. More information about TurnTo and its partner sites is available at www.turnto.com.

TurnTo Networks, Inc.; TurnTo Customers Thrive on Social Shopping During the Holidays

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2010 FEB 14 - (VerticalNews.com) -- TurnTo Networks, a leader in social shopping, announced holiday performance data from three of its customers - Jomashop, ChristianCinema.com, and eParty Unlimited.

Through TurnTo, consumers can connect to friends from Facebook and other top social networks while shopping at dozens of online stores, making it easy to get truly trusted advice. Internet Retailer 500 site Jomashop (www.jomashop.com), a leader in the wholesale and retail trade of luxury goods, saw a direct correlation between the deployment of TurnTo and its recent success over the holidays; shoppers who interacted with TurnTo converted at a rate over 6 times higher than those who didn't.

"When people shop for watches and jewelry online, they're doing a lot of research. They want to know they're buying from a credible site and that they're making good product decisions. TurnTo gives our visitors this extra confidence and helps them make decisions they're comfortable with," said Chaim Posen, Marketing Manager of Jomashop. "We do a high percent of our annual sales over the holidays so we monitor our tools closely, and TurnTo really delivered."

ChristianCinema.com, a DVD eCommerce site dedicated to Christian and family films, also thrived. Over this holiday season, ChristianCinema.com increased its sales conversion rate more than 8 times over baseline for visitors interacting with TurnTo. Average order value went up by 14% for these visitors.

"Our partnership with TurnTo is indicative of our commitment to giving customers a great shopping experience," said Jared Geesey, VP of ChristianCinema.com. "When holiday shoppers face such a tremendous selection of products, it helps to see what friends and neighbors chose. We're delighted with the results, and the numbers show our customers appreciate the service, too."

eParty Unlimited (www.epartyunlimited.com), a leading provider of entertainment-related products and party supplies, had similar results. By connecting customers to trusted sources of advice, eParty Unlimited saw conversion rates for shoppers who interacted with TurnTo more than 8 times higher than their baseline.

"The holiday season represents a tremendous opportunity for us to maximize sales and build a loyal customer base," said Jimmy Weng, Founder and CEO, eParty Unlimited. "TurnTo helped make the 2009 season a big success by building a connection in shoppers' minds between their friends and our brand."

Experts on social commerce agree that TurnTo's data are noteworthy and presage a big year for social shopping in 2010. "Leading retailers implemented social shopping in 2009 and are starting to report significant return on investment, as TurnTo's results show," said Marc Osofsky, VP Marketing, Optaros. "2010 is likely to be the year when social shopping becomes a must-have feature."

"We take great pride in having helped our partners succeed during the holiday season," said George Eberstadt, CEO and founder of TurnTo. "Adding the trust that comes from personal relationships into the shopping process delivers benefits for both customers and merchants."

Montblanc Legrande Black Ballpoint Pen 161

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Montblanc Legrande Black Ballpoint Pen 161




Richemont distanced itself yesterday from the surging confidence in the luxury goods sector, as the maker of Cartier jewellery and Montblanc pens warned of continuing uncertainties in most markets outside Asia.

The restraint from Geneva-based Richemont, the second biggest luxury goods group after France's LVMH, contrasts with a markedly more upbeat mood in the industry as manufacturers emerge from one of the most testing periods in memory.

He added that Richemont was well placed to "seize opportunities".
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