August 2, 2006, 12:00 AM

Blue Nile grows e-commerce sales 30% in the second quarter

Online jeweler Blue Nile is reporting sales of $56.9 million for the second quarter of 2006 compared with sales of $43.8 million in the second quarter of 2005, an increase of 29.9%. Net income in the second quarter totaled $3.1 million.

Mark Brohan

Research Director

Online jeweler Blue Nile Inc. is reporting sales of $56.9 million for the second quarter of 2006 compared with sales of $43.8 million in the second quarter of 2005, an increase of 29.9%. Net income in the second quarter totaled $3.1 million compared with $2.8 million the previous year.

“We delivered exceptional second quarter performance due to strong consumer demand in our core product offerings. Our aggressive pricing initiatives worked to accelerate our top-line growth,” says Blue Nile CEO Mark Vadon. “We are strategically well positioned as a result of our category leadership and our consumer value proposition. We remain focused on optimizing the significant long-term potential we have for growth and profitability.”

Blue Nile, No. 52 in the Internet Retailer Top 500 Guide to Retail Web Sites, is expecting sales in the third quarter to range from $49.5 million to $52 million and to be between $240 million and $252 million for the fiscal year.

Comments

Sign In to Make a Comment

Comments are moderated by Internet Retailer and can be removed.

Not a member? Signup for free today!

Advertisement

Advertisement

Advertisement

Relevant Commentary

FPO

Jason Squardo / Mobile Commerce

Five tips for achieving high mobile search rankings

Searches on mobile devices will soon exceed those on computers, Google says. Retailers that keep ...

FPO

Sergio Pereira / B2B E-Commerce

Quill turns to its B2B customers for new ideas

Coming in April is a new section of Quill.com that will let customers and Quill ...

Advertisement