Jewelry retailer Tiffany comp store sales up 5%

01 Dec '05
1 min read

Jewelry retailer stores Tiffany & Co reported increases of 8 Percent in net sales and 37 Percent in net earnings for its third quarter ended October 31, 2005. Earnings growth benefited from a 5 Percent increase in worldwide comparable store sales, a higher gross margin and a lower effective tax rate.

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Tiffany & Co is engage in to handling jewelry and specialty retail stores and manufactures products through its subsidiary corporations. Its principal subsidiary is Tiffany and Company.

It operates TIFFANY & CO retail stores and boutiques in the Americas, Asia-Pacific and Europe and engages in direct selling through Internet, catalog and business gift operations. Other operations include consolidated results from ventures operated under trademarks or trade names other than TIFFANY & CO.

Tiffany & Co

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