31-12-2019
Tiffany global sales climbed one percent to three percent yoy from November to Christmas Eve, backed by Chinese, European and American markets.
Its Sales in Asia-Pacific region including China climbed seven to nine percent. “We continued to see the Chinese Mainland drive our overall sales growth with a strong double-digit increase, offset by the persisting declines in the Hong Kong market and, to a lesser degree, Japan,” Tiffany CEO Alessandro Bogliolo said. “We completed the enlargement of our flagship store in Shanghai, now the largest Tiffany store in Asia, in a prominent street-facing location within the Hong Kong Plaza mall. At this location, we also just celebrated the opening of the first Tiffany Blue Box Café on the Chinese Mainland,” he added.
Tiffany reported a sales gain of three percent to five percent and two to four percent for the holiday period in Europe and the United States respectively.
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