Monday, 10th January 2005 (2789 views)

Jewellery company Tiffany & Co. has recorded a 12 per cent increase in sales from 2003 to 2004.

Representatives of the firm announced the strong figures in a conference call with investors and the press on Friday morning.

Sales from November 1st to December 31st totalled about $674 million (£359.1 million).

US retail sales increased 11 per cent to $340 million (£181.1 million) for the holidays, with same-store sales increasing eight per cent over the same period last year.

Sales in all jewellery categories performed well, with pieces from the new Atlas collection proving extremely popular, said Tiffany spokesman Mark Aaron.

The company also saw robust sales in gift cards and products priced above $500 (£266).

"The higher end was especially strong with diamonds jewellery and engagement rings performing brilliantly," Mr Aaron said.

Internationally, the company performed well, although sales continue to lag in Japan.

"We are generating considerable excitement and enthusiasm among customers and are pleased with these results," said James Fernandez, company executive vice president and chief financial officer.

"It was a busy holiday season, and the Tiffany organisation performed very well."

 

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