JTV Posts Near 11 Percent Sales Increase In 3Q

Unlike QVC and HSN, Jewelry Television is crowing about its success in the third quarter.

The 24/7 jewelry home shopping network reported that its third-quarter sales rose 10.6 percent, “continuing the company’s outperformed of the broader retail industry,” according to JTV’s press release.

During the same period, JTV’s shipments also increased 18.5 percent, “aided by the largest grossing Labor Day Weekend for the brand since 2009.”

JTV does not disclose its actual sales figures.

That compares to the revenue declines that QVC and HSN just posted.

“For 10 consecutive quarters, JTV has not only delivered positive sales growth, but double-digit growth,” JTV CEO Tim Matthews said in a canned statement.

“The ability of this organization to consistently generate the type of results we have, especially in tough retail market conditions, is a testament to our team and our differentiated, ‘omni-digital’ strategy, which continues to resonate with consumers.”

JTV’s previously reported quarterly second-quarter sales growth of 15.2 percent.

The Knoxville News Sentinel recently did a story about JTV’s success, which attributed much of the network’s good news to its CFO, Crawford Wagner.

http://www.knoxnews.com/story/money/business/journal/2016/11/07/wagner-helped-steer-jewelry-television-explosive-growth/92350620/

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2 Responses to “JTV Posts Near 11 Percent Sales Increase In 3Q”

  1. Karen Harden Says:

    I noticed they took Kim Prentiss off their host page. Anyone know what happened to her?

  2. Lovie Says:

    Karen, I came here to ask the same question! I’m sure she’ll pop up somewhere else eventually.

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