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RAPAPORT... The Jewelry Exchange reported that same-store sales jumped 9.9 percent year on year for the first quarter that ended on March 31, helped by an 11 percent increase companywide just in the month of March. Without citing hard totals, The Jewelry Exchange attributed its revenue increase to stronger sales of higher-priced luxury merchandise, as well as having emphasized programs that focused on customer service. The Jewelry Exchange's new retail location in Irving, Texas, near Dallas, experienced a particularly strong quarter with a 16.3 percent increase in comparable-store sales during the first quarter, according to the company's statement.
Goldenwest Diamond Corporation is the parent company of the Jewelry Exchange, and also operates the Jewelry Factory in the New York metropolitan area.
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