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Tiffany Expands Japan Presence

NEW YORK CITY-Jewelry retailer Tiffany & Co. is opening a 1,600-sf boutique store in Omiya, Japan.

By Dana Dubriwny | Updated on October 05, 2006

NEW YORK CITY-Jewelry retailer Tiffany & Co. is opening a 1,600-sf boutique store in Omiya, Japan on Oct. 14, representing the 53rd store in the country. The approximately will be located in the Sogo department store at 1-6-2 Sakuragicho, Omiya-ku, Saitama.

Michael C. Christ, president of Tiffany & Co. Japan Inc., says the Sogo department store is located in Omiya’s vibrant commercial area, an ideal retail setting for a boutique. The boutique will combine architectural details of Tiffany’s famous New York store.

As of its latest quarter ended July 31, net sales were up 9% driven by increases in US and international comparable store sales. While US retail sales increased 8% to $288.6 million in the second quarter and 5% to $549.1 million in the first half, international sales increased 10% to $223.1 million in the second quarter and 12% to $438.32 million in the first half.

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