Tiffany Same-Store Sales Soar 17% in US

NEW YORK CITY-Tiffany & Co.’s second-quarter US same-store sales shot up 17% year over year due to an increase in transactions and higher average sales tickets. On the international front, same-store sales rose 7%, even as the company faced a weaker climate in Japan.

The retailer’s best-performing of its 65 domestic units was its Fifth Avenue flagship location in New York City, which posted a 31% sales gain, largely due to foreign tourists. Stores in Bellevue, WA; Beverly Hills, CA; Boston; Houston; Orlando; and Palm Beach, FL; also had a strong quarter.

At its 107 international units, the company achieved its 7% rise despite falling 1% in Japan, the company’s second-largest market. Same-store sales during the period, which ended July 31, rose 23% in Europe and 24% in other Asian Pacific countries.