Tiffany & Co Diamond Company Records 14% Rise in Sales in 2010

Tiffany & Co's internet revenue for those economical year finishing January 31, 2011 wrecked $3.1 billion, a year-on-year raise of 14%, diamonds jewellery enterprise documented Monday.

For the last quarter (Q4) of the year 2010, the business noticed its net sales grow by 12% to $1.1 billion.

The Asia-Pacific area observed net sales for Q4 improve 25% to $188.3 million. For that full year, the area's sales hopped 29% to $549.2 million.

Japan observed a more moderate rise in sales, with amounts expanding 11% in the fourth quarter to 182.6 million and 7% for 2010 as a whole, amassing $546.5 million ?¡ìC a number that includes 18% of the corporation's globally sales.

European profits raised 14% to $137.9 million in Q4 and 18% for the complete year, achieving $360.8 million or 12% of Tiffany's worldwide sales.

Tiffany's sales in the US, Canada, and South America raised 10% in Q4 to $577.1 million. For the whole year, the diamond organization's net sales in the Americas endured at $1.575 billion, an improve of 12%. Tiffany & Co. opened 15 different jewelry stores during 2010 ?¡ìC five in the US, two in Europe, seven in the Asia-Pacific location, and one in Japan.

Tiffany Chairman and CEO Michael J. Kowalski said the company was "saddened" by the damage wreaked by the earthquake and tsunami that minted Japan on March 11. "Our system is with our greater than 700 Tiffany acquaintances and with all the people of Japan," Kowalski said, noting that the Tiffany Jewelry retailers in Kanto and Tohoku, which accounted for above half the business's Japan product sales, were managing on lessened hours.

Kowalski included that a few merchants in Japan had been ruined but that most had reopened for industry.