Delaware
(State or other jurisdiction
of incorporation)
|
1-9494
(Commission
File Number)
|
13-3228013
(I.R.S. Employer Identification No.)
|
727 Fifth Avenue, New York, New York
(Address of principal executive offices)
|
10022
(Zip Code)
|
TIFFANY & CO. | |
BY: | /s/ Patrick B. Dorsey |
Patrick B. Dorsey | |
Senior Vice President, Secretary and | |
General Counsel | |
Fifth Avenue & 57th Street | Contact: | |||
New York, N.Y. 10022 | Mark L. Aaron | |||
212-230-5301 | ||||
mark.aaron@tiffany.com |
·
|
Sales in the Americas region increased 3% to $516 million in the holiday period. On a constant-exchange-rate basis, total sales increased 2%, and comparable store sales declined 2% in the New York flagship store and in branch stores. Performance was relatively similar across much of the region. Internet and catalog sales rose 4%.
|
·
|
Sales in the Asia-Pacific region increased 13% to $187 million. On a constant-exchange-rate basis, total sales increased 11% (due to growth in Greater China and most other markets) and comparable store sales rose 7%.
|
·
|
In Japan, total sales of $153 million were 5% below the prior year. However, on a constant-exchange-rate basis, both total sales and comparable store sales rose 1%.
|
·
|
In Europe, sales increased 2% to $119 million due to mixed performances by country. On a constant-exchange-rate basis, total sales also increased 2% and comparable store sales were equal to the prior year.
|
·
|
Other sales increased 114% to $17 million, largely reflecting the conversion in July of five TIFFANY & CO. stores in the United Arab Emirates from independently-operated distribution to Company-operated retail stores.
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·
|
At December 31, 2012, the Company operated 274 stores (115 in the Americas, 65 in Asia-Pacific, 55 in Japan, 34 in Europe and five in the U.A.E.), compared with 246 stores (102 in the Americas, 57 in Asia-Pacific, 55 in Japan and 32 in Europe) a year ago.
|
Two Months Ended December 31, 2012
|
Eleven Months Ended December 31, 2012
|
|||||
GAAP
Reported
|
Translation
Effect
|
Constant-
Exchange-Rate
Basis
|
GAAP
Reported
|
Translation
Effect
|
Constant-
Exchange-Rate
Basis
|
|
Net Sales:
|
||||||
Worldwide
|
4 %
|
–
|
4 %
|
4 %
|
(1) %
|
5 %
|
Americas
|
3 %
|
1 %
|
2 %
|
2 %
|
–
|
2 %
|
Asia-Pacific
|
13 %
|
2 %
|
11 %
|
8 %
|
1 %
|
7 %
|
Japan
|
(5) %
|
(6) %
|
1 %
|
5 %
|
(1) %
|
6 %
|
Europe
|
2 %
|
–
|
2 %
|
2 %
|
(5) %
|
7 %
|
Comparable Store Sales:
|
||||||
Worldwide
|
–
|
–
|
–
|
–
|
(1) %
|
1 %
|
Americas
|
(2) %
|
–
|
(2) %
|
(2) %
|
–
|
(2)%
|
Asia-Pacific
|
10 %
|
3 %
|
7 %
|
2 %
|
–
|
2 %
|
Japan
|
(5) %
|
(6) %
|
1 %
|
5 %
|
(2) %
|
7 %
|
Europe
|
(1) %
|
(1) %
|
–
|
(2) %
|
(4) %
|
2 %
|