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Diamond E-Tailer Blue Nile 1Q Sales Down.
Diamond E-tailer today announced lower First quarter sales.
Jewelry has been one of the hardest hit segments in the retail landscape as consumers cut out spending on purchases deemed unnecessary or expensive.
First-quarter net profit came to $1.9 million, or 13 cents per share, compared with $2.6 million, or 16 cents per share, a year earlier. Sales slid more than 11 percent to $62.4 million. Earlier this year, Blue Nile said the uncertainty in the economy prevented it from giving a financial outlook.
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