Blue Nile Reports Double-Digit Q4 and Full-Year Sales Increases

Blue Nile, Inc. said Thursday that year-over-year net sales increased 11.5 percent to $114.8 million for the fourth quarter of 2010. Operating income for the period, ended January 2, rose 11.8 percent to $9.2 million. Net income increased 13.6 percent to $6.2 million for the period. For the full year, the online diamond and jewelry retailer said net sales increased 10.2 percent to $332.9 million

Swatch Group 2010 Sales Sets New Record

The Swatch Group reported Wednesday that sales for 2010 totaled 6.4 billion Swiss Francs ($6.6 billion), an increase at constant exchange rates of 21.8 percent over 2009 and 12.7 percent over 2008, despite capacity bottlenecks and adverse exchange rates. At constant exchange rates, the increase was 28.1 percent.“The extraordinary strength of our brand portfolio was again reflected in an