New York, May 14th, 2008 - MySolitaire 1st Quarter sales revenue grows 220 percent, with a 30 percent raise in Average Order Value
Released on: May 22, 2008, 12:50 am
Press Release Author: MySolitaire.com
Industry: Apparel & Fashion
Press Release Summary: The online jewelry leader, MySolitaire, announced today their first quarter 2008 sales revenue growth of 220%. The last three months has also witnessed a rise of almost 30% in the average sales order value. The founders say it's the unique selection of products and significantly lower product pricing that keeps them going strong.
Press Release Body: 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 quarter", 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 conditions", 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 selection", 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.
Web Site: http://www.mysolitaire.com/
Contact Details: My Solitaire, 7 West, 45th Street #1605, New York, NY. 10036 Toll Free Tel: 866-697-6548 Fax: 212-840-5909 Email: pressrelease@mysolitaire.com