The jewelry giant’s sales nearly doubled in the first quarter, raising its expectations for the fiscal year ahead.
The National Retail Federation is optimistic about the year ahead, so long as the vaccine rollout goes according to plan.
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Its namesake Movado brand performed especially well in the first quarter.
Statistics and sales over the last several years have proven that men’s jewelry is now a fast-growing area of the market.
Millennials were once feared in the diamond industry, but now this younger generation has become today’s largest diamond buying demographic.