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Monday, 10th January 2005 (4272 views)

Jewellery company Tiffany & Co. has recorded a 12 per cent increase in sales from 2003 to 2004.<br/><br/>Representatives of the firm announced the strong figures in a conference call with investors and the press on Friday morning. <br/><br/>Sales from November 1st to December 31st totalled about $674 million (£359.1 million). <br/><br/>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.<br/><br/>Sales in all jewellery categories performed well, with pieces from the new Atlas collection proving extremely popular, said Tiffany spokesman Mark Aaron. <br/><br/>The company also saw robust sales in gift cards and products priced above $500 (£266). <br/><br/>"The higher end was especially strong with diamonds jewellery and engagement rings performing brilliantly," Mr Aaron said.<br/><br/>Internationally, the company performed well, although sales continue to lag in Japan.<br/><br/>"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. <br/><br/>"It was a busy holiday season, and the Tiffany organisation performed very well."<img src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=7531588"/>

 

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