Home / Knowledge / News / Company / HOTJ posts higher Q1 2007 financial results

HOTJ posts higher Q1 2007 financial results

May '07
House of Taylor Jewelry Inc announced financial results for the quarter ended March 31, 2007, including sharply higher sales, as the company continues to roll out its branded products to increasing numbers of independent jewelry retailers throughout the United States.

Net sales for the first quarter of 2007 rose more than threefold to $4.5 million from $1.4 million for the comparable period last year.

Jack Abramov, president and chief executive officer, attributed the significant sales increase to continued expansion of the company's outreach to independent jewelry retailers with its Elizabeth Couture, House of Taylor Jewelry and Kathy Ireland Jewelry Exclusively for House of Taylor Jewelry branded products as sales of branded jewelry increased by approximately $1.4 million.

Abramov also noted the continued success of an initiative launched late last year to enhance market penetration and brand awareness through the sale of branded loose diamonds, which accounted for approximately $2.7 million of the sales increase in the current quarter.

Partially offsetting the increase was a decrease in 2007 sales from the discontinued Mirabelle line, as compared with the prior-year period.

House of Taylor Jewelry also announced that its products were sold in more than 420 doors as of May 2007, almost double the number at the same time last year.

"A majority of the newly opened doors were accomplished with our Kathy Ireland Jewelry designs," Abramov said. "We believe this underscores the impressive growth potential for this product line, with price points from $200 to $3,500 and targeted for the broader spectrum of consumers."

Click here to view more:

House of Taylor Jewelry Inc

Must ReadView All

Pic: Shutterstock

Textiles | On 28th Jan 2021

Global FDI fell by 42% in 2020, outlook weak: UNCTAD

Uncertainty over the pandemic's evolution and the global investment...

Pic: Shutterstock

Apparel/Garments | On 28th Jan 2021

3.5 lakh Bangla RMG workers lost jobs during pandemic

Around 350,000 garment workers in Bangladesh lost jobs during the...

Pic: American Eagle Outfitters

Retail | On 28th Jan 2021

AEO targets revenues worth $5.5 bn in FY23

American Eagle Outfitters is aiming at revenues worth $5.5 billion...

Interviews View All

Headhonchos, Textiles & allied industry

Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Krishnanand Tripathi, Textrade International Ltd

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Claudia Kersten, Global Organic Textile Standard

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Yogesh Kanani,

Yogesh Kanani

Incorporated in 1999, Purani Textiless Private Limited is a leading...

Kurt Wedgwood,

Kurt Wedgwood

From design to raw material to fabrication and ultimately to delivery -...

Sarah Perkins,

Sarah Perkins

Fairfax, Virginia-based Specialty Graphic Imaging Association (SGIA) is a...

Melissa Tate, University of New South Wales

Melissa Tate
University of New South Wales

<div><div><div><div><b>Melissa Tate</b>, a well-known scientist currently...

Madison Maxey, Loomia

Madison Maxey

Loomia designs and manufactures soft circuit systems that can be produced...

Brad Holschuh, Wearable Technology Lab, University of Minnesota

Brad Holschuh
Wearable Technology Lab, University of Minnesota

A new study led by researchers at the University of Minnesota's Design of...

Aneeth Arora, Péro

Aneeth Arora

The Woolmark Company has partnered with handmade fashion label Péro and...

Pranav Mishra, Huemn

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Sailesh Singhania, Sailesh Singhania Label

Sailesh Singhania
Sailesh Singhania Label

The Sailesh Singhania label was created to promote handwoven sarees and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

January 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Advanced Search