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Tiffany reports a jump in holiday sales
January 10, 2014 10:03 AM
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<p><strong><a href="http://www.tiffanyoutletandco.com">tiffany</a></strong> </p>
<p><strong><a href="http://www.tiffanyoutletandco.com">cheap tiffany</a></strong> Jan 10 (Reuters) - U.S. jeweler Tiffany & Co reported a 6 percent jump in sales at stores open at least a year during the holiday shopping period, helped by strong demand in America.</p>
<p><strong><a href="http://www.tiffanyoutletandco.com">cheap tiffany</a></strong> The company, famed for its blue boxes and its Fifth Avenue flagship store in Manhattan, maintained its full-year profit forecast, in contrast to other large retailers that have slashed their outlooks due to steep discounts.</p>
<p><strong><a href="http://www.tiffanyoutletandco.com">tiffany and co</a></strong> Tiffany said net sales rose 8 percent in November and December, a period that can account for a third of annual sales and almost half of profit.</p>
<p><strong><a href="http://www.tiffanyoutletandco.com">tiffany outlet store</a></strong> Lower-end peer Zale Corp reported a 2 percent rise in comparable-store sales for the same period, driven by higher sales at its Zales Jewelers and Zales Outlet stores.</p>
<p><strong><a href="http://www.tiffanyoutletandco.com">tiffany silver jewelry</a></strong> Zale's shares rose 17 percent to $16.53, while Tiffany's shares were slightly lower at $91.93 in early trading on the New York Stock Exchange.</p>
<p>Tiffany said sales in the Americas, which accounts for nearly half of total revenue, rose 6 percent in the two months ended Dec. 31. Sales rose 5 percent in Asia, excluding Japan.</p>
<p>"They put some new products into the marketplace and they put money behind marketing and advertising them and that seems to be working", said Edward Jones analyst Brian Yarbrough.</p>
<p>Tiffany also maintained its full-year profit forecast of $3.65 to $3.75 per share, excluding items.</p>
<p>Signet Jewelers Ltd , the largest U.S. jeweler, on Thursday estimated fourth-quarter profit that missed analysts' estimates as increased promotions hurt margins.</p>
<p>The parent of Kay Jewelers and Jared reported a 5 percent rise in same-store sales as UK and online sales improved.</p>
<p>Signet's shares fell 1 percent to $72.86 on Friday.</p>
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