16 Oct 2021
DiamondWorld Directory
Home |
News
Home
Berkshire Hathaway retail sales rise 4.7 in 2011
Warren Buffett to take on counter sales at Borsheims
By: Diamond World News Service
|
Feb 28 2012 1:49PM
|
Reference: 6765  

DecreaseIncrease

Retail sales at Berkshire Hathaway increased by 4.7 percent on y-o-y basis, for the full year 2011 and stood at $3.1 billion in 2011. Pre-tax earnings rose 21 percent to $239 million.

The company’s retail segment includes business in home furnishings, with four business units and business in the jewellery segment with jewelers Borsheims, Helzberg Diamonds and Ben Bridge. And last year delivered higher revenues and pre-tax earnings for each of the jewellery businesses.

As was in 2010, Warren Buffett will once again be behind the jewellery counter at the company’s Borsheims jewellery outlet, to promote sales, reports say. The CEO will be seen behind the counter on May 6, at the time of the company’s annual shareholder meeting, reports say. Last year this effort of Mr. Buffett drew good sales and the same is expected this year also, with Mr. Buffett offering buyers his ‘Crazy Warren’ price during the time he is behind the counter.

Berkshire Hathaway closed last year with total company revenues touching $143.69 billion with a 5.5 percent increase on y-o-y basis. Net earnings of Berkshire Hathaway dropped 21 percent to almost $10.3 billion.

Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet
Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
*  Company:
 
*  Name:
 
*  Mobile:
 
*  Email:
 
 
Subscribe for DiamondWorld weekly Newsletter
 
Search News by City
Advertisement
Kosher 23460
Advertisement
Kosher 23460
Recent Issue
2021
AVAILABLE NOW...!
Advertisement
Kosher 23460
News in Pictures
Videos
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 29988
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 6370
GJEPC Chairman Interview
Views: 26274
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 36038
Promo for IJ Awards 2012 at NDTV Profit
Views: 50011
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 63250
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 20272
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 47943
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 47065
Member of:
Supporter of: