29 Nov '17, 9pm

Tiffany profits sparkle as China's demand for #Luxury rises - San Francisco Chronicle

NEW YORK (AP) - Tiffany & Co., which has struggled with online competition and lost its luster with younger shoppers, reported a quarterly profit Wednesday that beat Wall Street's expectations as shoppers in China snapped up its luxury goods. The high-end jewelry company's strength in its third quarter mostly came from the Asia-Pacific region, where sales surged 15 percent to $283 million. This was mainly due to strong demand in China. Sales were up 5 percent in Europe to $110 million. But other places didn't fare as well. In Japan, sales dropped 8 percent to $139 million. While Tiffany managed to squeeze out a 1 percent sales increase in the Americas, that was considered a disappointment.

Full article: http://route.overnewser.com/luxury_newz/?url=http://www.s...

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#Тиффани #Tiffany #бренд #Rolex

#Тиффани #Tiffany #бренд #Rolex

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