Monday, June 18, 2007

Reuters Summit-UPDATE 1-Blue Nile sees $1 bln sales in 6-7 years

(Reuters) - NEW YORK, June 18 - Online jewelry retailer Blue
Nile expects to reach $1 billion in annual sales in
the next six to seven years, Chief Executive Mark Vadon said on
Monday at the Reuters Consumer and Retail Summit in New York.




Vadon expects 50 percent of sales to come from engagement
rings and 50 percent from non-engagement jewelry in the same
time frame. The U.S. company's sales currently consist of about
70 percent engagement rings, he said on Monday.


Read more at Reuters.com Market News

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