{"id":6144,"date":"2019-01-09T13:46:46","date_gmt":"2019-01-09T13:46:46","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/us-jewellery-firm-stella-dot-to-exit-european-market\/"},"modified":"2019-01-09T13:46:46","modified_gmt":"2019-01-09T13:46:46","slug":"us-jewellery-firm-stella-dot-to-exit-european-market","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/us-jewellery-firm-stella-dot-to-exit-european-market\/","title":{"rendered":"US jewellery firm Stella & Dot ‘to exit European market’"},"content":{"rendered":"\n
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\"JessicaImage copyright<\/span>
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\n The firm was founded by Jessica Herrin in 2003
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San Francisco-based jewellery firm Stella & Dot appears to be exiting the European market after seven years.<\/p>\n

A number of its UK sales reps, some of whom host parties to sell jewellery, have posted messages on social media.<\/p>\n

They say they have been messaged by the firm to say it has been hit by declines in the value of the pound and euro.<\/p>\n

Stella & Dot, founded in 2003, targets women looking for work and says it “creates flexible entrepreneurial opportunities”.<\/p>\n

Messages have been posted online by the sales reps from chief executive and founder Jessica Herrin, who also founded WeddingChannel.com.<\/p>\n

In them, she says the once profitable European business is now operating at a loss.<\/p>\n

“Sadly the market conditions in Europe have become very difficult. In the last few years the British pound and Euro have devalued against the US dollar by almost 20%, causing a deep decline in our margin, whilst at the same time operating costs have increased,” she writes.<\/p>\n

It is of “utmost importance” to exit gratefully, she says, according to the messages posted by UK sales representatives. They will be able to continue to sell products and earn commissions until 7 April.<\/p>\n

She wrote the decision to close had been taken with a “heavy heart” and after “countless deliberations”.<\/p>\n

Its sales reps – known as stylists – hold trunk shows, similar to Tupperware parties, and also sell though websites. As well as jewellery, clothes and bags are available for sale.<\/p>\n

The company did not immediately respond to requests to comment on the social media posts.<\/p>\n<\/p><\/div>\n


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Source<\/a> by [author_name]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Image copyright Getty Images Image caption The firm was founded by Jessica Herrin in 2003 San Francisco-based jewellery firm Stella & Dot appears to be exiting the European market after seven years. A number of its UK sales reps, some of whom host parties to sell jewellery, have posted messages on social media. They say … <\/p>\n","protected":false},"author":0,"featured_media":6145,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6144","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/6144","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=6144"}],"version-history":[{"count":0,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/6144\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media\/6145"}],"wp:attachment":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=6144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=6144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=6144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}