Monthly Archives: February 2010
Retailers unwrap gift of holiday sales gain
Thanks to a last-minute rush and post-Christmas mobs of bargain hunters, retailers’ weak holiday season has been declared salvaged.
While the Commerce Department won’t report official numbers until Thursday , a consensus of tiffany jewelry sale sales reports and several retail sales indexes released Thursday shows general merchandise sales rose 1.5 to [...]
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Swatch Sees Watch Sales Recovering
Watchmaker Swatch Group AG Wednesday reported lower second-half sales but said it was seeing a strong improving trend in demand and orders, and predicted higher margins and profit for this year.
The report underscores the clear improvement in business prospects for Switzerland’s watchmaking industry, dominated by Swatch Group, Compagnie Financiere Richemont SA [...]
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Valentine’s timing may help sales
Valentine’s Day falls on Sunday this year, but restaurants and florists expect lovebirds to start celebrating Friday.
Florists in Northeast Mississippi say they are preparing for their busiest day of the year. Rita tiffany key, owner of West Heights Flowers and Gift Shop in Tupelo, has five delivery drivers scheduled for Friday, [...]
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Tiffany Backs Temple St. Clair In New Retail Jewelry Venture
New York–Retail icon Tiffany & Co. is branching out into another corner of the retail marketplace–this time, through a Southern designer who got her start at Barneys New York.
With Tiffany’s financial and strategic assistance, designer Temple St. Clair will open two tiffany bracelets in September and November, respectively. The announcement [...]
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Tiffany Reports Increase in Holiday Sales
Tiffany & Co. projected 2006 earnings below Wall Street forecasts, while reporting a 6 key rings gain in same-store sales at its U.S. stores during the holiday period. The New York-based upscale jewelry retailer also narrowed its full-year profit range for fiscal 2005
Tiffany said total worldwide sales rose 6 percent [...]
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Tiffany’s posts 7 percent jump in November-December same-store sales; offers upbeat outlook
Fine jewelry retailer Tiffany & Co. reported on Wednesday robust holiday sales and offered an upbeat profit necklaces. The company’s shares fell more than 2 percent, however, on investors’ concerns about its business in Japan and pressure on profit margins amid higher costs for commodities like gold.
Tiffany said that global sales [...]
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Retail Sales Fell in December; Jobless Claims Increase in Latest Week
U.S. retail sales fell in December unexpectedly, signaling restraint by consumers during the holidays as the economy wrestles with high unemployment.
Meanwhile, the number of U.S. workers filing new claims for jobless benefits unexpectedly increased last week, but a drop in the four-week moving average to its lowest level since August 2008 [...]
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Sales in Europe, Asia Buoy Tiffany’s Profit
Tiffany & Co.’s fiscal third-quarter earnings edged down 1% as lower costs nearly offset sales drops. The upscale tiffany enjoyed strong sales in Europe and most of Asia.
Tiffany boosted its earning view for the year, saying November is off to a good start and it is hopeful about sales through the rest [...]
Retailers Rush to Wall Street
Since Audrey Hepburn frolicked in the 1961 movie “Breakfast at tiffany,” the upscale jeweler has had only one Manhattan location. That is about to change. In the fall of 2007, Tiffany & Co. will open a 7,600 sq. ft. store at 37 Wall Street, around the corner from the New York Stock [...]
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Despite sales, Black Friday business mixed in Kinston