KNOXVILLE, Tenn., Nov. 9, 2016 /PRNewswire/ -- Jewelry Television (JTV), the leading omni-digital retailer dedicated to the jewelry and gemstones industry announced sales growth of 10.6% in the third quarter of 2016 (July - September 2016), continuing the Company's outperformance of the broader retail industry.*
During the same period, JTV's shipments also increased 18.5%, aided by the largest grossing Labor Day Weekend for the brand since 2009. "For 10 consecutive quarters, JTV has not only delivered positive sales growth, but double-digit growth," said Tim Matthews, Chief Executive Officer, JTV. "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 sales growth for Q2 was 15.2% (April - June 2016). Note: JTV's fiscal calendar runs from July - June. The above sales information represents JTV's fiscal Q1. *SOURCE: National Retail Federation's July, August and September Retail Industry Sales (excluding automobiles, gasoline stations and restaurants) Reports, which tracked sales increase of 1.7, 4.1 and 3.5 percent respectively for the months of July, August and September compared to the same time period in 2015.