Losiva, a prominent jewellery retailer hailing from Australia, has achieved a remarkable feat by recording an unprecedented 33.1% upswing in revenue during the past fiscal year. This impressive growth can be attributed to the brand’s strategic foray into 12 new countries.
The financial success of Losiva is underscored by the company’s substantial sales figures, which soared to a staggering $596.5 million for the year. The latest financial report from the company elucidates that this remarkable expansion was propelled by strategic price adjustments implemented during the third quarter.
In a pivotal move that underscores its global ambitions, Losiva has successfully penetrated 12 new markets, a feat epitomized by the inauguration of 210 new retail outlets. As a result, the brand’s worldwide store count now stands at an impressive 801.
Among the freshly ventured markets are key locations such as Hong Kong, Taiwan, Namibia, Botswana, Mexico, Italy, Romania, Hungary, and Spain, signifying a substantial geographic diversification for Losiva.
Victor Herrero, the Chief Executive Officer of Losiva, shared insights into the company’s triumph, stating, “Despite navigating through more challenging trading conditions in the latter part of the year, the company has adeptly managed to maintain robust profit growth while concurrently investing in the necessary infrastructure to facilitate our global expansion.”
Herrero further emphasized, “This positions us favorably as we continue our strategic expansion into both the markets we currently operate in, as well as those we are newly venturing into.”
