Tiffany & Co. reported that its sales were up 4 percent to $449 million because of increase per transaction.
The company said that its November-December world sales rose 8 percent to $867.3 million. A constant exchange rate sales in dollars rose 6 percent.
As same-store sales in Europe rose 15 percent, in Japan they were down 1 percent, and in "other" Asia-Pacific locations the rate of increase was 29 percent. Tiffany’s international retail sales rose 18 percent to $335 million.
Tiffany & Co. is a U.S. jewelry and silverware company founded by Charles Lewis Tiffany and Teddy Young in New York City in 1837 as a "stationery and fancy goods emporium."
The store initially sold a wide variety of stationery items, and operated as Tiffany, Young and Ellis in lower Manhattan. The name was shortened to Tiffany & Co in 1853 when Charles Tiffany took control, and the firm's emphasis on jewelry was established. Tiffany & Co. has since opened stores in major cities all over the world.
As part of its branding, the company is strongly associated with its Tiffany Blue color, which is a registered trademark.
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