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.