Tiffany & Co. Sales Upsurge on Holiday Season
Today, Tiffany & Co. presented its preliminary sales results in the stock market for the period of November 1, 2019 until December 24, 2019 (the “2019 interim holiday period”).
The firm had a worldwide net sales for the 2019 interim holiday period boosted approximately 1 – 3% as compared to the similar period in 2018.
In a statement, Alessandro Bogliolo, Chief Executive Officer, stated, “We are pleased to present our interim sales results for this season, which reflect improved global trends compared to previous quarters this year.”
He added, “During this period, we continued to see the Chinese Mainland drive our overall sales growth with a strong double-digit increase, offset by the declines in the Hong Kong market and, to a lesser degree. Japan – which we believe continues to be negatively impacted by the recent increase in the consumption tax.”
Lastly, “We are happy to see sales growth in the Americas, a momentum shift in the region,” Bogliolo said.
On December 24, 2019, the company managed 327 stores. There were 125 in the Americas, 91 in Asia-Pacific, 58 in Japan, 48 in Europe, and five in the UAE.
A year ago, there were only 321 stores. There were 124 in the Americas, 90 in Asia-Pacific, 55 in Japan, 47 in Europe, and five in the UAE.
2019 Sales Analysis of Tiffany & Co.
All sales data for the 2019 interim holiday period are preliminary and unaudited.
Moreover, the measure is based on the information and data currently presented to the firm. It is through its internal day-to-day sales reporting system and procedures.
Meanwhile, Mr. Bogliolo stated, “During this period, we continued to make enhancements to our global store network. We completed the enlargement of our store in Shanghai. Now the largest Tiffany store in Asia, in a prominent street-facing location within the Hong Kong Plaza mall.”
In addition, “At this location, we also celebrated the opening of the first Tiffany Blue Box Café on the Chinese Mainland. Our London store on Old Bond Street was renovated.”
Last Of All, “Additionally, we opened our third branch in Kyoto, Japan and our newest one in the U.S., at Hudson Yards, our fifth store in New York City,” he said.
Elsewhere, a donor recently dropped thousands of dollars’ value of jewelry in a red kettle.
The information was by Salvation Army leaders in Maryland reveal
Capt. Ryan Vincent is the commander-in-chief of the Salvation Army in Annapolis.
According to sources, one of the bracelets, a yellow-gold piece is by Tiffany & Co.
It was for sale for $1,500. A gemologist will shortly investigate the ring and second bracelet that contains diamonds and rubies to verify their value.
