América Retail | Homepage
Sunday, April 30, 2017

La primera comunidad del retail en Latinoamérica

USA: Tiffany beats on strong demand from China and Japan

USA: Tiffany beats on strong demand from China and Japan

Marzo 20, 2017

👤Periodista: María Alejandra Lopez Fuente: Business Insider 🕔20.Mar 2017

 

Tiffany & Co reported better-than-expected fourth-quarter profit, helped by strong demand for its jewelry in Japan and China as well as price hikes and lower costs.

Shares of the New York-based jeweler rose 2.5 percent to $92.25 in premarket trading on Friday.

The company has been struggling to lift sales, particularly in the Americas – its biggest market – as shoppers shift to cheaper and chic brands, and spend lesser on accessories, leading its Chief Executive Frederic Cumenal to step down last month.

Tiffany’s Americas sales fell 3 percent to $587 million in the quarter ended Jan. 31.

The jeweler partly blamed weak sales in the holiday period on traffic disruptions at its flagship store on Fifth Avenue in New York due to its proximity to Trump Tower, leading to a 7 percent drop in sales in the quarter.

Read Also: Johnson & Johnson and the litigation routine

Sales in Asia-Pacific, which includes China and Korea, rose 9 percent to $284 million, while sales in Japan rose 15 percent to $185 million.

Net sales rose 1.3 percent to $1.23 billion in the quarter, from $1.21 billion a year earlier, the second straight rise this year.

Net income fell to $157.8 million, or $1.26 per share, from $163.2 million, or $1.28 per share, a year earlier.

Excluding items, the company earned $1.45 per share.

Analysts on average had expected a profit of $1.38 per share and revenue of $1.22 billion, according to Thomson Reuters I/B/E/S. (Reporting by Jessica Kuruthukulangara and Sruthi Ramakrishnan in Bengaluru; Editing by Martina D’Couto)

Articulos relacionados

USA: Google’s newest tool could save your time and money shopping online

USA: Google’s newest tool could save your time and money shopping online

Abril 28, 2017

  I wouldn't say I'm addicted, but I'm definitely not a casual online shopper. Thanks to years

USA: Amazon is getting more fashionable

USA: Amazon is getting more fashionable

Abril 28, 2017

  Amazon is gaining ground in the battle over clothing, according to new research by Morgan

USA: ¡Ahora los pasillos de Target son pistas de Mario Kart!

USA: ¡Ahora los pasillos de Target son pistas de Mario Kart!

Abril 28, 2017

  “3, 2, 1… GO!” ¡Y a correr por la sección de cereales buscando estrellas de

USA: La nueva tendencia Nordstrom: Pantalones con barro

USA: La nueva tendencia Nordstrom: Pantalones con barro

Abril 28, 2017

  En el último tiempo la moda nos ha presentado piezas extrañas que nos han sorprendido.

USA: Is Walmart’s Store No. 8 breaking boundaries?

USA: Is Walmart’s Store No. 8 breaking boundaries?

Abril 28, 2017

  Wrriten by  Laura Davis-Taylor Walmart has continued to surprise the industry with its aggressive innovation efforts

Últimas Noticias

Newsletter

SECTIONS

América Retail