Tiffany’s Holiday Season Sales Increase 17%

Tiffany & Co. announced Tuesday that their worldwide sales increased 17 percent to $799.1 million in the two months ended December 31st.

Comparable U.S. store sales increased 12 percent (16 percent in November and 10 percent in December). Holiday results included a 20 percent increase in the New York flagship store and 10 percent comparable store sales growth for U.S. branch stores. Combined Internet and catalog sales in the U.S. increased 17 percent. Sales in Canada and Latin America contributed to an increase of 15 percent in the region to $443.9 million.

Sales in the Asia-Pacific region increased 11 percent to $240.8 million. Comparable store sales rose 1 percent including a 12 percent decline in Japan and a 26 percent increase across the rest of the region.

Sales in Europe increased 30 percent to $103.0 million. Comparable store sales rose 16 percent, resulting from double-digit growth in the U.K. and most other countries.

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