Wheat Ridge, Colorado police took a 50-year-old man into custody Wednesday following a two-month search.
Tiffany’s 2019 Holiday Sales Rebound
Sales climbed as much as 3 percent for the jeweler, which noted a “momentum shift” in the Americas.
New York—Tiffany & Co. turned in a solid holiday season with sales on the rise, particularly in mainland China and the Americas.
Worldwide sales for the interim holiday period (November and December) climbed 1 to 3 percent. (Tiffany did not respond to a request for the exact dollar amount of its holiday sales.)
The increase in sales was a welcome change from last year’s holiday results when waning demand from Chinese tourists took a toll on the jeweler’s year-end performance.
It’s also an improvement on the retailer’s performance earlier this year.
“We are pleased to present our interim sales results for this important season, which reflect improved global trends compared to previous quarters this year,” CEO Alessandro Bogliolo said in a press release announcing the results.
“We are happy to see sales growth in the Americas, a momentum shift in the region,” he added.
Net sales and comparable sales in the Americas were up 2 to 4 percent.
Tiffany has struggled in recent quarters to grow sales in the Americas, where the most Tiffany stores are located.
In mainland China, Tiffany reported “strong” double-digit sales growth, though it was offset by declines in the Hong Kong market as unrest in the country continues.
In the Asia-Pacific region, net sales were up 7 to 9 percent on a constant-exchange-rate basis while same- store sales were up 9 to 11 percent.
Net sales in Japan fell 12 to 14 percent, which Tiffany attributed to the negative impact of the recent increase in the consumption tax. Same-store sales in the country were down 14 to 16 percent.
In Europe, net sales climbed 3 to 5 percent while same-store sales were up 4 to 6 percent.
The luxury jeweler has been expanding and enhancing its store network, recently completing the expansion of its flagship store in Shanghai, which is now the largest Tiffany store in Asia.
Situated in a street-facing location within the Hong Kong Plaza mall, it also houses the newly opened Tiffany Blue Box Café, the first in mainland China.
Its London flagship store on Old Bond Street also has been renovated.
Tiffany recently opened its third location in Kyoto, Japan, and its fifth store in New York City at Hudson Yards.
The jeweler’s flagship store on Fifth Avenue in New York City was open throughout the holiday period, but will close in mid-January to undergo a renovation. The store will move to a space on E. 57th Street while the renovation is underway.
Bogliolo
“Now we are eager for our customers to experience our full product range, including high jewelry, in the new space, while we start working to transform our iconic building into its future form,” he said.
As of Dec. 24, Tiffany had 327 stores, including 125 in the Americas, compared with 321 stores a year ago.
The Latest
PGI partnered with four new and seven returning designers for its annual platinum capsule collection.
Nicolosi, president and CEO of The Kingswood Company, previously sat on WJA’s board from 2011 to 2018.
Meet Ben Claus—grand prize winner of For the Love of Jewelers 2023 Fall Design Challenge.
Karina Brez’s race-ready piece is a sophisticated nod to the horse-rider relationship.
The men are allegedly responsible for stealing millions in jewelry and other valuables in 43 burglaries in 25 towns across Massachusetts.
“Horizon” invites individuals to explore the limitless possibilities that lie ahead, said the brand.
With Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
The co-founder of Lewis Jewelers was also the longtime mayor of the city of Moore.
Elvis Presley gifted this circa 1967 gold and diamond watch to Dodie Marshall, his co-star in “Easy Come, Easy Go.”
Concerns about rising prices, politics, and global conflicts continue to dampen consumer outlook.
May’s birthstone is beloved for its rich green hue and its versatility.
Jacqui Larsson joins Opsydia with nearly two decades of experience in the industry.
Last month in Dallas, David Walton pushed another jeweler, David Ettinger, who later died.
The “Tiffany Céleste” collection reimagines designer Jean Schlumberger’s interpretations of the universe.
The brand also created a 100-carat lab-grown diamond necklace in honor of its centennial.
Tim Schlick has been promoted from his previous position as COO.
It’s the second year for the event, slated to take place in October in Toronto.
Supplier Spotlight Sponsored by GIA
Sales will be paused while the relocation takes place over the next few months.
“SIS x MISA Denim and Diamonds” is a collaboration between the designer and celebrity stylist Misa Hylton.
The retailer is moving to a newly designed space in the same shopping center.
Gifts that are unique and thoughtful are top of mind this year, according to the annual survey.
The necklace is featured in the brand’s “Rebel Heart” campaign starring Adam Levine and Behati Prinsloo.
The two organizations will host a joint event, “Converge,” in September 2025.
Big changes appear to be on the horizon for the diamond miner and its parent company, Anglo American.