![]() ![]() “We are going to learn a lot from each other,” she said. He and his staff will remain on-board, Drosos shared with me in a call following earnings. ![]() ![]() While Diamonds Direct does offer online purchasing, it is primarily a destination retail chain devoted to diamond jewelry in mega-stores averaging $18.5 million in annual sales.Ĭurrent-president Itay Berger has been with the company since its founding and was promoted to president in 2009. It currently operates an office inside the world diamond exchange in Tel Aviv, Israel. Its name derived from its early days as a direct diamond importer, which allows it to offer lower prices by eliminating middleman markups. Founded in 1995 with 22 stores across the mid-west and southern states, the Charlotte, NC chain specializes in all-things diamonds, though it sells some colored gemstones too. Perhaps the biggest news this quarter is the addition of Diamonds Direct to its portfolio acquired for $490 million in cash. That goal is getting closer as the company’s high-end guidance reflects revenues of almost $7.5 billion this year and the acquisition of Diamonds Direct should add another $500+ million to revenues next year. In the earnings call, Drosos outlined accomplishments toward each of these three pillars with the ultimate long-term goal of reaching $9 billion in annual sales. Build a Culture of Innovation and Agility to unleash the potential within its diverse, purpose-driven organization to innovate and lead through employee development, improved productivity and more agility.Enable Connected Commerce to win with customers wherever, whenever and however they want to engage, including digital acceleration, flexible and fast fulfillment and virtual selling.Be Consumer Inspired to attract new customers with refined brand value propositions, enhanced shopping experiences and personalized products and communication.Over the past year, Signet has been following a transformation plan called “Inspiring Brilliance,” which is the follow-up phase of its earlier “Path to Brilliance” plan. ![]()
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