One of the fastest-growing jewelry companies in the world, LJ International Inc (LJI), reported significantly better than expected initial financial results for its new wholly-owned ENZO retail chain in China
Revenues for the ENZO Division totaled $1.4 million for the nine-month period ended September 30, 2005. The first ENZO store, in Hong Kong, and its Shanghai flagship store have already achieved breakeven results on a store- level basis. These results are well ahead of the Company's earlier guidance where they projected $1.5 million in ENZO sales for all of 2005 and breakeven results at certain ENZO stores by the end of 2006.
LJ International Inc (LJI), based in Hong Kong and the US, is engaged in the designing, branding, marketing and distribution of a full range of jewelry. It has built its global business, currently one of the fastest-growing in the jewelry industry, on a vertical integration strategy and an unwavering commitment to quality and service. LJI distributes to fine jewelers, department stores, national jewelry chains and electronic and specialty retailers throughout North America and Western Europe, with a growing retail presence in China through its ENZO stores and e-shopping sites.
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