Tiffany Worldwide Sales Rise 22% in Q1
Highlights include:
- Sales in the Americas increased 22% to $315.3 million.
- Internet and catalog sales in the Americas rose 23%.
- In Asia-Pacific, sales increased 50% to $122.3 million.
- Sales in Europe rose 25% to $68.6 million.
- In Japan, sales declined 2% to $115.0 million.
5 Comments:
I would bet that this is a result of an increased demand for real assets (i.e., not cash), not a measure of overall economic productivity.
"Sales in the Americas increased 22% to $315.3 million"...
That'll change with the machinations of the Obama administration and Congress: No More Money for Bling!
geoih,
A lot of people are buying gold and diamonds now to hedge against the seemingly inevitable collapse of fiat currency.
However, Tiffany's is one of the biggest ripoffs in the world. Their mark-up is way too high for anyone to think of the baubles as investments in real assets.
I banned jewelry from there (it was a favourite store of my husband's) in my twenties when I realized their mark-up was larger than virtually any other Jewelry store.
Kat,
Good for you. Consumers get very low returns on jewelry despite the prices that one sees on estate jewelry.
Are NewAge Loose Diamonds a hedge against inflation? Their color assortment includes pomagranate! I still think that a Tffany Engagement ring is the proposal deal closer.
Post a Comment
<< Home