7-1-2021
Tiffany preliminary net sales rose about 2 percent yoy during holiday season, driven by demands from Chinese shoppers and a jump in e-commerce.
Alessandro Bogliolo, Tiffany’s Chief Executive Officer commented: “In the midst of a worldwide pandemic and its dynamic impacts, these all-time high preliminary holiday period sales results, which follow a strong third quarter, reflect the successful convergence of our multi-year sales strategies.”
Its net sales in China surged over 50 percent. Meanwhile, Europe fell by 8 percent, and the United States posted a 5 percent drop. Worldwide sales at stores in Japan up by 10 percent. Revenue from e-platform rocketed over 80 percent for the period.
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