Kendra Scott CEO Tom Nolan joins Wealth! to provide insights into the jewelry brand's resilience amid economic pressures, highlighting the company's innovative approach to maintaining growth and customer appeal.

"Inflation definitely took a toll on people," Nolan acknowledges, recognizing consumers' increased financial caution. Despite these challenges, Kendra Scott maintains a "high-value proposition" as the core of its business strategy, focusing on keeping products affordable and accessible.

He points to the company's track record: 42 months of double-digit growth over the past 46 months reflects its ability to resonate across diverse consumer demographics. Nolan emphasizes the brand's commitment to inclusivity, ensuring "something for everybody."

A key innovation driving this strategy is the introduction of lab-grown diamonds, which helps keep prices competitive while opening new market opportunities. "We want to make sure we have something for everybody," Nolan explains.

To watch more expert insights and analysis on the latest market action, check out more Wealth here.

This post was written by Angel Smith