Novori will be featured live on Market News First for an exclusive interview discussing revenue growth and the overwhelming demand in the online jewelry market. The interview will take place tomorrow at 12:30 P.M CDT and can be viewed at www.mn1.com
Novori’s recently announced a 53% increase in revenues for the quarter ending Feb. 28, 2007. The company attributes the growth to increased consumer awareness and the website’s high rankings on search engines.
Harold Schaffrick, CEO and president of Novori Inc., commented, “We are pleased with the growth in sales. It is interesting to note that this increase has come about without any significant extra marketing expenditure. I am confident that with planned marketing initiatives, we will grow revenues at an even greater pace. It’s also nice to know we’re growing sales at a faster rate than our competitors.”
Novori’s early entry in the emerging marketplace of online diamond engagement rings puts them in a position to garner a significant profit. According to Forrester’s Research, “An increase in the number of women shoppers will contribute to 14 percent of jewelry sales moving online by 2010.”
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