Home / Knowledge / News / Fashion / Charles & Colvard foresees significant growth in Q3 sales

Charles & Colvard foresees significant growth in Q3 sales

Sep '05
North Carolina based Charles & Colvard reported third quarter 2005 sales guidance and updated the status of expanded distribution.

Third Quarter 2005 Sales Guidance
Bob Thomas, President and Chief Executive Officer of Charles & Colvard said that the third quarter of the year is anticipated to show a significant improvement in sales over the same quarter in 2004.

Based upon customer orders and indications, they expect third quarter 2005 sales to be between $11.0 million and $11.8 million, or between 112 percent to 127 percent ahead of last year's third quarter sales of $5.2 million.

Business Expansion Update
He included that Trunk shows began this past weekend at Helzberg Jewelers, a 260+ store fine jewelry chain. They are pleased to have the opportunity to offer moissanite jewelry on a test basis at Helzberg, through our manufacturing customer, Reeves Park. Trunk show events will commence in early October at the previously discussed second national chain.

These two test distribution efforts are scheduled to continue for the remainder of the year. Additionally, they recently executed successful test events at Von Maur, an upscale department store chain with 23 locations in the upper Midwestern states. Based on those results, Von Maur has made a commitment to add the moissanite category in certain locations, on a permanent basis, beginning in the fourth quarter.

Mr. Thomas concluded that they have begun a chainwide in-case and trunk show test at Harry Ritchie's Jewelers, a 30 store jewelry chain based in the upper mid-west, through their manufacturing customer K&G Creations. K&G will also expand their programs at Daniel Jewelers to all 44 locations and Alvin's Jewelers to all 13 locations beginning this fall to coincide with each retailers' holiday-catalog promotional campaigns."

Must ReadView All

Pic: Dong Nhat Huy / Shutterstock.com

Apparel/Garments | On 20th Apr 2021

New guidance for Vietnam's apparel and footwear industry

The Australian Human Rights Commission has released new human rights...

Pic: Shutterstock

Textiles | On 20th Apr 2021

Egypt ready for world's largest textile factory by March 2022

Egypt is going full throttle with the construction of a textiles...

Pic: I Love Coffee dot Today / Shutterstock.com

Apparel/Garments | On 20th Apr 2021

COVID-19 lockdown halts garment production in parts of Cambodia

A 14-day lockdown imposed to curb the spread of COVID-19 pandemic has ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Blockchains will be in heavy use by early adopters by 2025

Textile Industry, Head honchos

Textile Industry
Head honchos

Fashion tech has to be lean and very productive

Textile Industry, Head honchos

Textile Industry
Head honchos

Increased need for online fitting solutions as retailers shift to...

Dhruv Toshniwal & Udit Toshniwal,

Dhruv Toshniwal & Udit Toshniwal

Launched a year ago, Fashions Pvt Limited conceptualises and sees D2C...

Dr. Vijaya Kumar,

Dr. Vijaya Kumar

Dr MM Kariappa founded the Vogue Institute of Art & Design in 1996....

Chini Chouhan,

Chini Chouhan

Founded by Chini Chouhan, her eponymous brand specialises in women's...

Robert Brookins, Alexium International

Robert Brookins
Alexium International

Alexium International is a specialty chemical development company...

Daniel Roxbury, University of Rhode Island

Daniel Roxbury
University of Rhode Island

Assistant professor Daniel Roxbury and former URI graduate student...

Silverio Baranzano, Fitesa

Silverio Baranzano

Fitesa is a leader in the nonwoven fabrics industry, specialising in...

Sailesh Singhania, Sailesh Singhania Label

Sailesh Singhania
Sailesh Singhania Label

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

Anjali Bhaskar, Samatvam

Anjali Bhaskar

Anjali Bhaskar has an experience of 12 years in the fashion industry. She...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

Designer <b>Suman Nathwani</b> talks about her journey of opening a...

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

April 2021

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

Advanced Search