Retailer News

TIFFANY EARNINGS RISE 33% IN THIRD QUARTER Strong business worldwide for Tiffany & Co. produced overall increases of 17% in sales and 33% in earnings for the third quarter ended Oct. 31. Net sales of $187.8 million were up 17% from $169.1 million in the same quarter of 1994. Net earnings rose 33% to $6.3 million (39¢ a share), compared to $4.7 million (30¢ a share) the prior year. For the nine-month period ended Oct. 31, net sales of $522.6 million were up 18% from $443.6 million in 1994. Net income of $13.7 million (86¢ a share) rose 37% from $10.0 million (63¢ a share) in 1994. Sales for Tiffany's three main channels of distribution were: U.S. Retail sales rose 21% to $87.4 million in the third quarter and 17% to $231.3 million for the nine months. Comparable store sales were up 14% in the quarter and 13% in the nine months. Direct Marketing
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