Jewellery firm Tiffany & Co has announced that in its fourth
quarter, the three months ended 31 January 2013, and annual financial results,
the 12 months ended 31 January 2013, its internet and catalogue sales rose by 6
percent and 4 percent. In its fourth quarter results worldwide sales increased
by 4 percent to $1.2 billion with earnings rising by 1 percent to $180 million
compared to $178 million in the previous year. In its full year results,
worldwide sales increased by 4 percent to $3.8 billion, while net earnings
declined by 5 percent to $416 million from $439 million in the prior year. The
luxury retailer expects worldwide net sales to grow by 6-8 percent in 2013.
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