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Friday, 13th May 2005 (5780 views)

Luxury jeweller Tiffany & Co has released its first quarter results today, reporting a 14 per cent rise in US retail sales and nine per cent increase in net earnings.<br/><br/>The company achieved the positive results despite weaker sales in Japan and higher production costs.<br/><br/>Michael Kowalski, CEO at Tiffany, commented: "We are justifiably enthusiastic about Tiffany's growth potential in the US and in many international markets. <br/><br/>"We are more cautious about Japan, but continue to address weakness in that market with product development initiatives and focused marketing."<br/><br/>Additional figures showed worldwide net sales were up by 12 per cent for the three months.<br/><br/>"We believe this clearly signifies the enduring appeal of our classic products and demand for our latest introductions," Mr Kowalski added.<img alt="track" src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=8493005"/>

 

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