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Your go-to source for news, anytime, anywhere! Insightful industry information from the textile, apparel & fashion world with our news app
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News Flash
Jewelry retailer LJI to open store in Macau
07 Sep '06
3 min read
In 2004, Macau passed Atlantic City to become the world's second largest gaming market, and it experienced a 16.1% average annual growth rate in visitors between 2000 and 2004.
According to the Pacific Asia Travel Association (PATA), Macau's annual visitor arrivals are expected to increase from 16.7 million in 2004 to 23.6 million in 2007.
LJI's ENZO retail division has grown rapidly since its founding less than two years ago. In the latest quarter, ended June 30, 2006, it reported $2.69 million in revenue, bringing its total to $4.44 million for the first six months of 2006.
It its negative EBITDA in the second quarter fell to $209,000, less than half the first-quarter figure of $455,000. The Company noted that 15 of its 31 ENZO stores opened at the time of the second-quarter report had reached profitability on a store-by-store basis.
According to the Pacific Asia Travel Association (PATA), Macau's annual visitor arrivals are expected to increase from 16.7 million in 2004 to 23.6 million in 2007.
LJI's ENZO retail division has grown rapidly since its founding less than two years ago. In the latest quarter, ended June 30, 2006, it reported $2.69 million in revenue, bringing its total to $4.44 million for the first six months of 2006.
It its negative EBITDA in the second quarter fell to $209,000, less than half the first-quarter figure of $455,000. The Company noted that 15 of its 31 ENZO stores opened at the time of the second-quarter report had reached profitability on a store-by-store basis.
LJ International Inc
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