Jewelry Television® Ends Strong Fiscal Year with 15.7% Sales Growth
Sales Growth Outpaces Other Retailers in Industry
KNOXVILLE, Tenn., Aug. 17, 2016 /PRNewswire/ -- Jewelry Television (JTV), the leading omni-digital retailer dedicated to the jewelry and gemstones industry announced sales growth of 15.7% ending the company's 2016 fiscal year (July 2015 – June 2016).
JTV reported quarterly sales growth of 15.2% (April – June 2016), driven by an increase in customers of 13.7%. For the fiscal year, customers increased by 11.8%.
JTV's quarterly results of 15.2% significantly outperformed that of similar retailers. Additionally, for the fiscal year, the brand reported two-year sales growth of 37%.
"We're extremely encouraged by the consistent and robust growth JTV has achieved over the past several quarters and throughout our fiscal year," said Tim Matthews, Chief Executive Officer, JTV. "We continue to focus on elevating our customer experience by engaging through multiple digital touch points, but also through unique and entertaining broadcast content, which continues to be a strong growth driver for the brand."
About Jewelry Television®:
Jewelry Television® (JTV) is the leading retailer of jewelry and gemstones in the United States. Privately-held with a proven 23 year history, JTV leverages an omni-digital strategy designed to elevate the customer experience through holistic, digitally-driven touch points, including broadcasting live programming 24 hours a day, seven days a week to 86 million U.S. households, an industry leading mobile optimized e-commerce platform, and a robust social media presence. As part of its commitment to the development and distribution of educational content and consumer satisfaction the company employs numerous Graduate Gemologists and Accredited Jewelry Professionals. The company's website, JTV.com, is one of the largest jewelry e-commerce websites in the country according to Internet Retailer's Top 500 list for 2015. Visit JTV.com for more information or socially connect with JTV at: Facebook, Twitter, LinkedIn and Instagram.
Media Contact:
Chris Potter
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SOURCE Jewelry Television
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