Q4 sales up double digits at Tiffany-Market Survey-Magazine-IRISPANCY FASHION ACCESSORIES & JEWELRY

	Shopping bag \| \| My account \| Favorite \| Help \| Contact us \| Login or Register \| Logout

Jewelry \| Apparel & Accessories \| Bags & Accessories \| Magazine \| Business & Franchise Necklaces \| Bracelets \| Earrings \| Rings \| Pendants \| Jewelry Sets Brooches \| Hair Accessories \| Belts \| Caps \| Scarves \| Gloves \| Shoes \| Socks IRISPANCY Bags \| IRISPANCY Bags Accessories Vogue and Trend \| Mix and Match \| Celebrity \| Fortune \| Fun and Love \| Small Business \| Product knowledge \| Market Survey \| Expo Information \| Industry News Boutiques \| Sales Policy \| Franchise \| Events and Activities \| OEM and ODM

Magazine > Market Survey > News Content

Q4 sales up double digits at Tiffany

3/23/2010 7:40:39 PM

New York--Worldwide sales rose 17 percent for Tiffany and Co. in the fourth quarter 2009 compared to the same period a year ago--including an 11 percent increase in U.S. same-store sales--but fell 5 percent for the year, according to results released by the retailer Monday.

For the three months ended Jan. 31, 2010, net worldwide sales increased to $981.4 million, compared with $837.6 million in fourth-quarter 2008. Sales for the fiscal year 2009, ended Jan. 31, declined to $2.71 billion from $2.85 billion in 2008.

“We were very pleased with the sales results in the fourth quarter, which reflected growth in most countries, product categories and price points,” said Tiffany and Co. Chairman Michael J. Kowalski. “Notwithstanding the global economic challenges over the past year, the decisive measures we took to control spending were successful and, combined with the considerable and growing international awareness of the Tiffany and Co. brand, helped us to generate strong earnings and free cash flow.”

Same-store U.S. sales rose 11 percent in the fourth quarter and fell 15 percent for the fiscal year, with sales in the New York flagship store up 22 percent in the fourth quarter but down 15 percent on the year. U.S. branch store sales, meanwhile, were up 8 percent in the fourth quarter but also down 15 percent on the year. Combined U.S. Internet and catalog sales rose 16 percent in the fourth quarter and fell 1 percent for the year.

Tiffany and Co. opened one store in the fourth quarter in the U.S. market, in Las Vegas, according to the release.

Looking ahead to 2010, the company is calling for it worldwide sales to climb another 11 percent and plans to open 17 stores, six of them in the Americas.

“In 2010, we will remain focused on meaningful opportunities to expand our global store base, realize market share gains in a changing competitive environment and enhance profitability,” Kowalski said. “We believe that Tiffany has the ability to deliver healthy sales and earnings growth and, in fact, have begun the year with worldwide sales growth exceeding our first quarter plan, which calls for high-teens percentage increase. Tiffany has the necessary components for ongoing success--compelling products, organizational and financial strength, an efficient infrastructure and a premium brand that is increasingly recognized for lasting value.”

According to the release, as of Jan. 31, Tiffany operated 220 stores worldwide, including 91 in the Americas, compared to 206 locations a year ago, with 86 stores in the Americas.

	Related News
	- Fear of ageing drives men's cosmetic sales(3-9)
	- Richemont sales up 2 percent in last '09 quarter(1-20)
	- Survey: Jewelry tops online holiday sales growth(1-7)
	- Report: Retail sales to remain slow in 2010(12-30)
	- Report: Jewelry sales up for holiday '09(12-30)
	- Forevermark sales top $100 million(12-9)
	- Zale November sales tumble 18.6 percent(12-8)
	- Tiffany sales slip 3 percent in Q3(11-26)
	- Strong rebound seen for US home sales(10-23)
	- NRF: Retail sales up 0.5 percent in September(10-15)

Bussiness Partnership

Jewelry business opportunity

FAQ about products

JP Renaissance Enterprises Corporation, an active fashion and gift company that provides fashion accessories and jewelry. We expanded our branches in Asia and North America, now, we devote ourselves on globalization by deploying unique designs and concepts. Our designers put their efforts on introducing innovative ideas, integrating creative and trendy elements and developing new style, such as integrating the nature into our products. Our fashion accessories and jewelry are capable to give you a different fashion ideas, a different way to dress, and can surprise your friends, lover, parents, clients by sending them special gifts on holiday or in special events. The products are not only fashion symbols but also tools to communicate, for example, you can use our new fashion and gift guides as an interesting topic among girls, or share the experience of our online jewelry store or the latest shoes. hats and socks with your friends..

Furthermore, we provide dance holiday gifts price comparison and special apparel gifts tips with professional wholesale and retail business. for examples, we not only sell motorcycle gloves, charm gold pendant, fake iced out jewelry and silver bangles as a manufacturer and wholesaler, but also provide party clothing gifts index. Besides, while outputing luxurious goods and service, we also offer value packs and free gift cards, such as payless jewelry gifts, wholesale gifts on special events.

Clients all over the world can enjoy our products and service through the internet. For instance, buyers from Indianapolis - Indiana - United States, Winston-Salem - North Carolina - United States and - - Kanagawa - Japan.

Our online Fashion Magazine, on the other hand, presents information about top holiday gifts guides, hair styles, life style trends, potfolio fashion tips, what to wear on anniversary, dressing tips, dressing guides or general fashion tips for women and for men, apparel accessories and clothing accessories industry news, product kownledge about baby clothing, necklace and earring sets and knee socks, fashion shows...

www.irispancy.com IRISPANCY FASHION ACCESSORIES & JEWELRY