Home / Knowledge / News / Fashion / Elegant Illusions declares total revenues for Sept'05, plummets 29%

Elegant Illusions declares total revenues for Sept'05, plummets 29%

11
Oct '05
California based jewelry retailer Elegant Illusions Inc announced that total revenues for September 2005 were down approximately 29 percent from total revenues for September 2004. Same store revenues for September 2005 were down 33 percent from September 2004.

Company-wide figures are based on the revenues of 22 stores in 2005 versus revenues of 22 stores in 2004.

"The Company opened a new store on Balboa Island, Newport Beach in March of 2005 and also in Philadelphia in June 2005. The location in Savannah was closed in April 2005, the location in St Thomas in August 2005, because of poor performance," reported CEO James Cardinal. The two locations in New Orleans, LA have been closed for the month of September due to Hurricane Katrina. The loss of sales in Louisiana significantly influenced the revenue percentages above.

Elegant Illusions Inc is engaged primarily in the design and sale of created gem jewelry with 24 specialty stores across the continental United States, Hawaii and Virgin Islands. Elegant Illusions has been profitable since its first quarter, has no long-term debt.

The Company's founders, Tamara and Gavin Gear, first began selling jewelry in 1976 on Cannery Row. Since then, along with CEO James Cardinal who committed to the Company in 1992, the Gears have carved out a substantial niche in the growing, multi-billion dollar jewelry industry.

Elegant Illusions Inc


Must ReadView All

Pic: Shutterstock

Textiles | On 27th Feb 2020

Australia willing to consider FTA with India on RCEP lines

Australia is willing to consider a bilateral free trade agreement...

Pic: Shutterstock

Apparel/Garments | On 27th Feb 2020

Hun Sen asks PRC garment investors not to leave Cambodia

Prime Minister Hun Sen recently again told Chinese garment sector...

Pic: B.Zhou / Shutterstock.com

Retail | On 27th Feb 2020

Retail brands restrict China operations amid COVID-19

The outbreak of COVID-19 is disrupting business dynamics in China....

Interviews View All

Sachin Sharma, Gem Enviro Management Pvt Ltd

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Textile industry, Head honchos

Textile industry
Head honchos

Quality should be the #1 priority

Anshul Sood, Oceedee

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Manoj Sorathiya,

Manoj Sorathiya

Surat-based Sunrise Imports & Exports Co is a manufacturer and...

Marco Girola,

Marco Girola

With its commitment to innovation and deep technical expertise,...

Mala Alwani,

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Ashok Desai, Bombay Textile Research Association

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Robert Brookins, Alexium International

Robert Brookins
Alexium International

Alexium International is a specialty chemical development company...

Marten Alkhagen, Swerea IVF AB

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Sneha Arora, Label Sneha Arora

Sneha Arora
Label Sneha Arora

Sneha Arora, an alumnus of National Institute of Fashion Technology,...

Aneeth Arora, Péro

Aneeth Arora
Péro

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

Amiben Shroff, Shrujan

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


February 2020

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


Advanced Search