The report shows that couples are searching for vintage and antique rings, gold jewelry, pearls, and colorful pieces.
Tiffany’s holiday comps in the Americas up 7 percent
Tiffany & Co. reported Friday that same-store sales in the Americas rose 7 percent during the two-month period ending Dec. 31.
New York--Tiffany & Co. reported Friday that same-store sales in the
Americas rose 7 percent during the two-month period ending Dec. 31.
Additionally,
total sales in the Americas region were up 6 percent (7 percent on a
constant- exchange-rate basis) year-over-year to $550 million in
November and December, due to broad-based sales growth across most of
the region, according to the company.
Worldwide, Tiffany’s
same-store sales were up 2 percent (6 percent on a
constant-exchange-rate basis), while total sales rose 4 percent to $1.03
billion, due to growth in all regions.
“Tiffany enjoyed a good
holiday season with overall sales results in line with our expectation,
and we were pleased to see growth across our fine and statement,
engagement and fashion jewelry categories,” said chairman and CEO
Michael Kowalski. “Based on these sales results and related margins, we
expect that full-year earnings before certain charges will meet the most
recent forecast we provided in November.”
For the fiscal year ended Jan. 31, Tiffany has said it expects net sales to increase by a mid-single-digit percentage (a high single-digit percentage on a constant-exchange-rate basis).
The company is slated to release its fourth quarter and full-year results on March 21.
As
of Dec. 31, Tiffany & Co. operated a total of 286 stores globally,
including 121 in the Americas. That is up from 274 stores, including 115
in the Americas, at that time in 2012.
The Latest
He’s remembered as a “font of passion,” leaving behind a legacy of dedication to his craft and community.
The first one will take place next month during the Jewelers of Louisiana’s and Mississippi Jewelers Association’s conventions.
For over 30 years, JA has advocated for the industry, fought against harmful legislation and backed measures that help jewelry businesses.
The redesigned boutique features interactive displays and a workshop space for hands-on learning about watchmaking.
There is a willingness to comply with new government-mandated regulations, with an insistence that they should be practical and realistic.
A combination of factors is driving growth in the industry despite the precipitous drop in prices across the board.
Ho Brothers offers scalable solutions for the future of custom jewelry.
The zone’s modernization will enhance and increase India’s jewelry manufacturing capabilities while aiding small and mid-sized businesses.
By the end of this year, SRK’s diamond manufacturing complexes will achieve net zero emissions, one of an impressive array of achievements.
Optimism about the current state of the economy was offset by anxiety around inflation and the political environment.
The former WJA executive director is MFM’s new managing director.
DDG encourages retailers to educate customers on the positive impact of purchasing natural diamonds.
Highlighting the most iconic Tiffany collections, it’s inspired by the company’s late window designer, Gene Moore.
Jen Cullen Williams and Duvall O’Steen explore how jewelers can save time and money by using AI to analyze engagement and create content.
The retailer previously turned down an $8.4 billion offer in 2018.
The Florida store’s owner Miguel Gonzalez is retiring.
The lab stresses the importance of accurate identification, as the difference in price is “substantial.”
The brand also plans to expand its retail footprint from 138 to 200 stores over the next three years.
One is reserved for a NAJA member, the other for a non-member.
Longtime employees Carie Lehrke and Megan Mattice have received promotions.
Three guests joined National Jeweler and Jewelers of America to discuss trending time periods, spotting reproductions, and more.
Chris Clipper and Robert Lepere join the company with 50 years of combined experience.
The trendy, metallic earrings wink at classic spring colors.
JSA said a man and woman pulled the safe out of an Oakland jewelry store but couldn’t quite get it into their van.
The miner’s March auction generated $19 million.
Helen McCluskey will succeed H. Todd Stitzer when he meets his 12-year term limit in June.