Bidz Losses Grow in Third Quarter

(IDEX Online News) - Online jewelry retailer Bidz.com generated $21.8 million in revenues in the September ending quarter, declining 12 percent year-over-year as losses widened to $614,000.

During the quarter, the company reported B2B sales of $1.1 million, compared with $917,000 in the prior year. The company said that its “business continues to be impacted by the ongoing weakened economy, as well as by an overall slowdown in consumer demand for jewelry.”

In the third quarter, the average selling price per order increased by approximately 2 percent to $190 from $187 in the prior year period.