Monday, 16th August 2004 (4123 views)

Luxury jeweller Tiffany has announced an eight per cent increase in net sales in its second quarter results.

In addition the firm reported 10 per cent growth in its US comparable store sales during the three-month period to July 31.

Chairman and chief executive officer, Michael J. Kowalski, commented: "These second quarter results reflect better-than-expected sales performance in Tiffany's U.S. retail operations."

Mr Kowalski claimed Tiffany was now launching new products and targeted marketing to help improve sales in areas where results were not as high.

New store openings at the company have been particularly high over the past year and worldwide square footage is predicted to increase by around seven per cent in 2004.

 

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