Tiffany'S Three Quarter Earnings Grew By 7%

The world's second largest luxury jewellery retailer, Tiffany (Tiffany & Co.), recently released its three quarter results, thanks to the weakening of Asian markets such as Japan, with a total revenue of $959 million 600 thousand, an increase of 5.29% compared with the same period last year, an increase of 7% based on fixed exchange rates.

Net profit in the three quarter was US $38 million 300 thousand, down 60% from the same period last year, a figure of 94 million 600 thousand US dollars in the same period last year.

Data also showed that the first three quarters

An increase of 250 basis points, reaching 59.5%.

The underlying reason lies in the price increase of the whole line and the double strategy of increasing the proportion of high gross profit products such as fashion jewelry.

In addition, Tiffany was in the same store in the three quarter.

The growth rate was 4%. In the sub region, the Americas increased by 11%; the European growth rate was 2%; its market growth was 35%; the Japanese region suppressed consumer demand by raising the consumption tax, which rose by 6% compared with the same period last year.

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Faced with the instability of the gold market, Hongkong jewelry brand further reduced the proportion of gold products and expanded the proportion of jewelry and watch business.

The industry believes that, especially sales surge in the clock business, will become the major jewelry brand layout of the mainland market new growth point of performance.

At the same time, in view of the continuous expansion of the mainland market, the Chow Tai Fook Group, which accounts for 58% of the total turnover of the mainland, is slowing down the front-line market which has already been saturated in the mainland, and the channel has sunk to two or three line cities.

2015 in the first half of the fiscal year, 158 new shops in the mainland of Zhou Dafu were added, of which only 17 in the first tier cities, 76 in the second tier cities, and 58 in the three cities.

The number of stores in the 123 tier cities is 10.1%, 45.5% and 44.4% respectively.

Lufu group also made clear in its earnings report that the group will further expand the mainland market, expand the retail network to the low tier cities, and enhance the brand coverage.

Faced with the instability of the gold market, Hongkong jewelry brand further reduced the proportion of gold products and expanded the proportion of jewelry and watch business.

The industry believes that, especially sales surge in the clock business, will become the major jewelry brand layout of the mainland market new growth point of performance.

At the same time, in view of the continuous expansion of the mainland market, the Chow Tai Fook Group, which accounts for 58% of the total turnover of the mainland, is slowing down the front-line market which has already been saturated in the mainland, and the channel has sunk to two or three line cities.

2015 in the first half of the fiscal year, 158 new shops in the mainland of Zhou Dafu were added, of which only 17 in the first tier cities, 76 in the second tier cities, and 58 in the three cities.

The number of stores in the 123 tier cities is 10.1%, 45.5% and 44.4% respectively.

Lufu group also made clear in its earnings report that the group will further expand the mainland market, expand the retail network to the low tier cities, and enhance the brand coverage.

In addition to adjusting product structure and channel expansion, product concept innovation and design refinement are also the general voice of the industry seeking breakthroughs.

Xie Ruilin Group believes that focusing on young customers and expanding their influence among young customers is one of the next goals of the group.

At the same time, the jewelry brands in Hongkong have achieved good results in overseas brands such as diamonds, jewelry and jewelry.

As of October 31, 2014, the US Tiffany group achieved sales of $2 billion 964 million in September before fiscal 2015, an increase of 8% over the same period last year, of which 11% in the Asia Pacific region.

Tiffany group emphasized that China's mainland market has an absolute contribution.