The online jewelry leader, MySolitaire, announced today their first quarter 2008 sales revenue growth of 220% over the first quarter 2007. Sailing smooth and steady, they reported consistent growth and a raise of 30% in average order value.
“The sales revenue growth has cautiously met out expectations, despite the restrained consumer demand. Our average order value showed a rise of 30% over the last years first quarterâ€, stated Ashish Jhalani, the CEO and co-founder. “We need to increase and maintain the pace of our growth; we believe our devotion to complete customer satisfaction at a better value will keep us steady even in these unstable market conditionsâ€, discussed Ashish.
“We are pleased with our sales growth; in fact our average order value has increased by 30%, contradicting the prediction of a fall in the high end orders. Our revenue margins continue to show a consistent growth due to our unique product selectionâ€, declared Amit Jhalani, VP and co-founder. The founders elaborated that in the current market scenario their focus would be to give their customers better value for their money.
MySolitaire is known to sell jewelry at a significantly lower price than the traditional retailers; the reason why they continue to grow even in the unstable market conditions. Moreover, with their new feature –Design Your Own Jewelry – they seem to go strong in the next quarter as well.
