Tiffany increases profit growth by 50% in the first quarter of 2014
Tiffany & Co have reported a 50% profit growth in the first quarter of 2014. The company earned $126 million in these three months. Global net sales grew 13% to $ 1 billion.
Michael J. Kowalski, Tiffany & Co
It’s European shops had an increase of 9% ( $101 million) and the American total sales increased 8% to $439 million. The Asia Pacific part rose 17% to $261 million.
Michael J. Kowalski said: Strength in fine and statement jewelry sales continued, while sales of our new or expanded jewelry collection accelerated, led by our Atlas collection.
I am curious to see whether this is a positive sign for the whole jewelry industry. Will clients globally turn back to buy jewelry again? Or is it one company that has a name and a very strong marketing approach showing us their successes?
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