Well, Michael J. Kowalski, chairman and CEO expects the Holly Golightlys of this world to be back in force in 2012:
"Tiffany exceeded the goals that we had set at the start of 2011 for both sales and earnings growth, although we concluded the year with softer-than-expected results. Nonetheless, we remain focused on successfully executing our long-term strategies and pursuing Tiffany's substantial global growth potential in 2012 and beyond."
Worldwide net sales rose 18% to $3.6 Billion. As expected the area of greatest growth was in the Asia-Pacific region at 36%, followed by the US at 15%, Europe at 17% and Japan at 13%.
Tiffany's management for 2012 is positive and expects an increase of worldwide net sales by 10% primarily driven by sales in Asia-Pacific and the Americas. Tiffany's expects to add a net of 24 Company operated stores: 9 in the Americas, 7 in Asia -Pacific and 3 in Europe as well as commencing operation of 5 stores in the UAE.
image via: www.jewellrygo.com