Retail Division Drives Damiani Sales

Retail Division Drives Damiani Sales

RAPAPORT Sales rose at Italian jeweler Damiani Group during the past fiscal year as retail growth offset a decline in its wholesale business. Total revenue increased 1.6% to $192.6 million (EUR 164.1 million) in the 12 months ending March 31, the company reported Retail sales climbed 13% to $101.4 million (EUR 86.4 million), accounting for 53% of total sales, while wholesale revenue dropped 9% to $91.2 million (EUR 77.7 million). Damiani’s net loss narrowed to $4.7 million (EUR 4 million) from $6.4 million (EUR 5.5 million) a year earlier. The group operated 63 stores around the world as of March 31. . More

Popular products near you

Popular Posts

Nadine Ghosn: the Evolution of an Unexpected Jewelry Designer.

When Nadine Ghosn wandered into a local neighborhood jeweler in Beirut to buy a gift for her sister ...

read more

Why rock'n'roll jeweller Stephen Webster is a national treasure

There is a serious lacuna in this line-up: there is no picture of jeweller Stephen Webster. Energet...

read more

Details Auction Details

High End Jewelry Auction. SPECIAL HIGH END JEWELRY AUCTION PLEASE VIEW ALL PHOTOS FOR ...

read more

Spence Diamonds Is A Traditional Jeweler That Discovered A "Gold Mine" in Lab-Grown Diamonds

The 40-year old Spence Diamonds is a traditional jewelry chain that has stepped boldly into the futu...

read more