Jewellery giant sees net sales rise of 11%
Jewellery retailer Tiffany & Co has reported positive growth in its Christmas period, with overall net sales rising by 11% like-for-like compared to 2009.
In Europe, Tiffany & Co sales increased 13%, to a total of £73.4m, owing to new store openings in London and Barcelona. Store sales within Europe increased 15%.
Chairman and CEO Michael J Kowalski said he now expects net sales of almost £547.1m, adding “We are very pleased with this worldwide sales growth, and with the increases we saw in every region in both months of the holiday period. Healthy sales growth was seen across most product categories, with particular strength in Tiffany’s fine jewellery collections, diamond engagement rings and fashion gold jewellery, although with limited growth in silver jewellery sales.”