Novori, Inc. (novo.ob)
Retail
- Solid Revenue Growth: Recently, Novori reported that over the most recent quarter ended August 31, 2007, Year-over-Year (YOY) gross profit increased 300%, website traffic increased 117%, and revenues increased from $333,406 to $468,315, contributing to the Company's first profitable quarter. For the year, total revenue increased $803,737 or 125% to $1,445,096 for the year ended May 31, 2007 compared to $641,359 for the same period in 2006. In addition, Novori announced that sales in October were more than double those of the same month in 2006, leading to increasingly optimistic expectations that strong revenue growth and continued profitability lie ahead for the Company.
- Major Market Expansion: According to Forrester Research Inc. (www.forrester.com) online jewelry sales have gained significant momentum, and an estimated 14% of all jewelry sales worldwide will occur online by 2010, and according to Jupiter Research, 2004 U.S. online sales of fine jewelry grew 19.3% from the prior year to $1.7 billion. Novori has already built an established presence in this rapidly growing sector, and its current revenue growth rate remains well ahead of even this solid pace. As consumer demand for goods via the Internet seems limitless, Novori is leveraging its impressive recent growth in order to capture an even larger share of this burgeoning market sector.
- Unique Capabilities: Novori offers a selection of over 35,000 loose diamonds in its virtual inventory and over 500 different styles and settings of jewelry, including solitaire settings, rings with side stones and three stone settings, matching bridal sets (engagement rings and wedding bands), tension rings, wedding rings, diamond bracelets, earrings and pendants. Styles incorporate platinum, gold and white gold settings, with prices ranging from $200 to over $3,000. Novori's platform allows customers to create their own engagement rings by choosing diamonds based on their shape, carat weight, cut, color, clarity, polish and certification and by selecting from a variety of settings. The customer controls the design of the ring using online tools and can mix and match diamonds and settings until the perfect ring is created custom tailored to the specific desires and specification of the customer.
- Comprehensive Purchasing Tools: Novori provides extensive tools and functionalities on its sophisticated website, such as detailed product information in order to allow customers to make informed purchasing decisions. All aspects of purchasing a loose diamond or a piece of jewelry are fully explained using easy to understand descriptions and diagrams. Customers are able to shop in the convenience of their home, safely purchase products online and are able to take advantage of Novori's generous policy that allows them to view the product or return it for an exchange or refund if desired for 30 days.
Company Contact Information
1313 E. Maple Street
Suite 425
Bellingham, WA, 98225
USA
- Phone:877-877-4141
- Fax:n/a
- E-mail:info@novori.com
On-line contact form
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