Tiffany & Co. posts worldwide sales up by 7 percent

Tiffany & Co. has recently announced that worldwide net sales for the two months ended December 31, 2011 increased by 7 percent over the same period in 2010 to $952 million. This growth was fuelled by double-digit sales growth in Asia-Pacific and Japan with a significant one digit increase in the Americas and Europe. In the Americas (US, Canada and Latin America) sales rose by 4 percent to $503 million. Sales in the Asia-Pacific region increased by 19 percent to $165 million while in Japan sales increased by 13 percent to $160 million. Total sales in Europe increased 1 percent to $117 million.