Tiffany Archives - Inside Retail Asia
Luxury jeweller Tiffany & Co is planning to open a Blue Box cafe in Shanghai as well as the one earlier announced in Hong Kong.
A flagship Tiffany store and the first Blue Box cafe in Hong Kong will soft open early this month and mid next month respectively.
Double-digit sales growth for Tiffany in China provided some encouragement for the US jewellery retailer in what was otherwise an unremarkable half.
Reliance Brands is launching two of its US brands – lifestyle label Tory Burch and jeweller Tiffany & Co in India.
Tiffany & Co sales were hit by what CEO Alessando Bogliolo described as “dramatically lower worldwide spending attributed to foreign tourists” during the first quarter.
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.
Tiffany sales in Asia-Pacific soared 28 per cent in the second quarter, to US$301 million.
Tiffany & Co has turned New York City’s yellow cabs to the jewellery brand’s trademark eggshell blue.
DFS Group will offer Lunar New Year promotions and interactive activities at T Galleria and DFS stores next month.
Tiffany holiday season sales surged 16 per cent in Asia-Pacific.
Parts of the Tiffany business remain firmly out of step with the modern world of luxury retail, writes Neil Saunders.
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.