bluenile

Blue Nile results disappoint, international chief departs

Seattle online jewelry retailer Blue Nile reported a 7.2 percent increase in sales for the fourth quarter to $146 million on net income of $4.9 million, disappointing Wall Street with the results. The stock is down 16 percent on the news, trading at $35.06. Analysts had expected revenue of $153.4 million. “Our performance over the… Read More

Blue Nile Display at Nordstrom

Nordstrom and Blue Nile put a ring on it with ‘clicks and bricks’ diamond experiment

Blue Nile built its business selling diamond rings online, but the Seattle-based e-commerce company is now experimenting with a physical retail presence — albeit a small one — through a partnership with Nordstrom. A new Blue Nile display in the second-floor bridal department at Nordstrom’s downtown Seattle flagship store is the online diamond seller’s first-ever collaboration with… Read More

bluenile

Sales sparkle at jewelry retailer Blue Nile, up 10.1 percent

Blue Nile, the Seattle online retailer of diamonds and jewelry, said that third quarter revenues increased 10.1 percent to $98.9 million. Net income also rose to $2.9 million, up from $1.7 million for the same period last year. “These results demonstrate once again that our strategy is working. Our third quarter sales increase of 10.1%… Read More

bluenile

Put a ring on it: Blue Nile sales spike 17% due to engagement ring demand, but shares down

Engagements were a plenty for the past three months and that was good news for Seattle online jewelry retailer Blue Nile. The company saw its revenues increase 17 percent to $97.1 million during the first quarter of 2013. Profit came in at $832,000, compared with $154,000 in the first quarter of 2012. This increase is due in large part… Read More

kanter

Blue Nile taps retail vet as CEO

Harvey Kanter has been hired as the new president and CEO of Seattle online jewelry retailer Blue Nile. In the role, the former CEO of Moosejaw Mountaineering and Backcountry Travel will attempt to return some of the luster to Blue Nile which has lost 35 percent of its value in the past year. He replaces Diane… Read More

irvine11

Irvine resigns as CEO of Blue Nile

Blue Nile CEO Diane Irvine plans to resign as CEO of the Seattle online jewelry retailer effective this Friday. No reason was given for the departure, and we’ve reached out to the company for more information. She’s being replaced on an interim basis by Vijay Talwar, a former Nike executive who has worked as the company’s… Read More

bluenile

Shares of Blue Nile fall after earnings report

Seattle online jewelry retailer Blue Nile today announced first quarter results, posting net income of $2.4 million on revenue of $80.2 million. The company’s international sales drove a lot of the growth, up 34 percent to $12.9 million. “We remain focused on our key objective of building our business in the U.S. and internationally by… Read More