Tiffany & Co Archives - Inside Retail Asia
Tiffany & Co has reported worldwide net sales rose by 7 per cent to a record US$4.4 billion last year.
Tiffany reports a 1 per cent drop in worldwide net sales and 2 per cent drop in comparable sales for the two months to December 31.
The New York Tiffany & Co flagship is home to the new Blue Box Cafe, the brand’s first ‘retail dining concept’.
Tiffany Asia achieved sales of US$235 million in the quarter and $492 million in the half year, up 2 per cent and 5 per cent respectively.
Tiffany & Co boosted its operating margin in the first quarter, but a sales rise of 1 per cent worldwide masked poor store results.
DFS Group has completed T Galleria by DFS, City of Dreams in Macau following a 12-month expansion.
Tiffany Asia sales rose 7 per cent in the last two months of 2016 – and by 16 per cent in Japan.
Luxury brands need to embrace new technologies, a Luxury Society event in Shanghai has been told.
Along with more brands and concepts, The Shoppes at Marina Bay Sands is expanding its children’s brand line-up.
Same-store Tiffany sales plunged 13 per cent in the six months in Asia-Pacific – excluding Japan.
DFS Group Cambodia has marked the opening of its first store, T Galleria by DFS, Angkor, with a gala event.
Luxury travel retailer DFS Group has opened its first T Galleria Cambodia duty-free store in the resort town of Siem Reap.