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RAPAPORT... The Jewelry Exchange reported that same-store sales in August jumped 7 percent in part due to a revamped website, which contributed revenue growth of 38 percent during the month, and from a 47 percent surge in jewelry sales from the company's Phoenix, Arizona store, a 21 percent increase in St. Louis, Missouri and a 26 percent rise from its flagship store in Southern California.
The company didn't provide revenue totals but said growth was also achieved from a renewed focus on jewelry designs and merchandising.
"After a solid surge in sales for August, we are hopeful that this signifies the beginning of an economic recovery as we prepare for a strong holiday season," said Sylvia Trujillo, The Jewelry Exchanges' chief financial officer.
The Jewelry Exchange is owned by Goldenwest Diamond Corporation, based in Tustin, California, and it also operates the Jewelry Factory and the Jewelry Source.
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