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March 27, 2007
Tiffany's Sales Shine Abroad
Tiffany & Co. reported fourth-quarter earnings of $140.5 million, up just 0.2% from a year ago. U.S. sales increased by 13 percent for the quarter ended Jan 31, while sales for the full year 2006 rose 10.6% to $2.65 billion.
The luxury jeweler also reported strong international sales, saying that it reaped $1 billion abroad last year, despite a soft Japanese market. Tiffany plans to open 10 new international stores this year.
Posted by Blacks on March 27, 2007 09:42 AM
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