Loans for Jewelry Boca Raton
Tiffany & Co. is one of the world’s largest luxury brands. They specialize in the sale of high end jewelry like diamond necklaces and engagement rings. Jewelry they sell ranges from $200 to millions. Tiffany & Co. is synonymous with the “Tiffany” engagement ring. It is a term used to describe an engagement ring with just one solitaire diamond. Even with the economy struggling Tiffany continues to grow. Their same store sales rose 6% in the fourth quarter compared to last year. They are an incredible company that just seems to get stronger over the years. Get loans for jewelry Boca Raton on any pre-owned Tiffany item.
Total sales for T&Co. also rose 6% in the US in the fourth quarter. It seems as though even as the economy slowly recovers, people are willing to spend a little extra to get that little blue box. High end jewelry companies like Tiffany rely on their reputation to sell their products. They are known for having amazing quality and brilliant design.
Their total sales for the whole year also increased 5% to $1.9 billion. The net earnings the company earned last fiscal year was $191 million. That is a lot of profit.
“Sales and operating earnings (excluding the arbitration-related charge) rose to record levels,” said chairman and CEO Michael J. Kowalski. “Sales growth was led by fine and statement jewelry, new or expanded jewelry collections including the Atlas, Ziegfeld, and Harmony collections, and continuing strength in our iconic jewelry designs. Tiffany’s marketing communications more effectively engaged global consumers wherever they shopped, our distribution network was expanded by 14 additional stores, and everywhere the store experience was enhanced by improved visual merchandising.”
It seems as if global expansion along with an educated customer base led to an increase in sales for the company. Tiffany & Co. has continued to grow since its inception in 1837. They started in New York which is where their headquarters are today. They are 289 stores all around the world.
by, Seth Marcus at Boca Raton Pawn