KNOXVILLE, Tenn., Sept. 5, 2017 /PRNewswire/ -- JTV (Jewelry Television®) closed its fiscal 2017 with year-over-year sales growth significantly ahead of the overall retail industry and with continued revenue gains in the June quarter compared to falling sales among sector peers. Mobile commerce demonstrated explosive growth as JTV continued to channel technology for audience engagement to remain the leading omni-digital retailer dedicated to the jewelry and gemstones industry.
For the 12 months ending June 30, JTV reported revenue was up 7.6% from the year before. By contrast, the National Retail Federation expects overall retail sales to grow this year between 3.7% and 4.2%. In the fourth quarter of FY17, JTV posted sales growth of 5.1% year-over-year while its closest home-shopping peers saw revenues fall around 4% from the same quarter a year previously.
JTV's ongoing strategic investment in market-leading engagement helped drive even stronger growth in mobile commerce. For fiscal 2017, mobile sales increased 27.8% and visits were up 28.9% year-over-year.
"JTV is engaging our consumers across a growing range of channels and finding new ways to give them an experience they want to come back for," said Tim Matthews, Chief Executive Officer. "Our consumer-centric approach and technological agility enable JTV to use our native video capabilities to greater digital effect, for example in popular places like our YouTube channel. The outcome is an expanding audience base and continued sales growth that counters industry trends."
JTV (Jewelry Television) is the leading retailer of jewelry and gemstones in the United States. Privately-held with a proven 24-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 2016. Visit JTV.com for more information or socially connect with JTV at: Facebook, Twitter, LinkedIn and Instagram.
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SOURCE Jewelry Television