Jewellery Arabia 2023 To Host New Features And Programmes
The U.S. market powered much of the Danish company’s growth, with year-over-year natural gross sales up 58%. In one other first, the U.S. reached $1.1 billion in sales in 2021 and now accounts for 30% of total sales, up from 24% in 2020. Much of the y-o-y drop came via within the second half, and was partly because of the continued effect of the elimination of presidency help packages and the shift in client spending away from luxurious goods in the path of companies. The rising threat of domestic recession was additionally increasingly evident in Q4, mirrored within the 5% y-o-y decline to 51t. “While momentum in identical retailer revenue growth was broad-based throughout geographies, non-south markets recorded higher general income development largely due to the higher number of showrooms launched in that area during the last twelve months,” it stated.
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