Tiffany & Co. reports 4% increase in worldwide sales

Tiffany & Co. has reported a 4 per cent rise in global sales in the November to December period, which equates to a $1.03 billion (£62.6m) increase in revenues compared with the same period the previous year.

The company enjoyed a $131 million (£7.9m) rise in Europe alone, and with a constant exchange-rate basis this meant comparable store sales rose 3 per cent, while total sales rose by 8 per cent. Overall, and including new openings, this constituted an 11 per cent increase across Europe.

Chairman and chief executive officer, Michael J Kowalski said: “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.”