Tiffany´s sales one billion dollars during the first quarter

The US listed luxury company Tiffany (TIF) said on June 4th, that major part of the company sales growth came from China. The company net sales were about 1000 million dollars during the first quarter, ending April 30th. Compared to last year figures, the decline was 3 procent.

– Our first quarter results reflect significant foreign exchange headwinds and dramatically lower worldwide spending attributed to foreign tourists. That said, we were pleased that, at the core of our business, global sales attributed to local customers, led by sales in China, grew over last year’s very strong sales results. We believe this growth in sales to local customers reflects progress in executing our strategic priorities, including innovations across products, communications and the customer experience, and that Tiffany is positioned for improving trends in the second half of 2019, said the Group´s CEO Alessandro Bogliolo in the company press release.

Tiffany´s worldwide net sales declined 3% to 1.0 billion dollars and comparable sales declined 5%. On a constant-exchange-rate basis, net sales were equal to the earlier year and comparable sales declined 2%.

Net earnings of 125 million dollars were 12% lower than the earlier year’s 142 million dollars. Net earnings per diluted share were 1.03 dollars compared to 1.14 dollars in the year ago.

All the major markets showed declined trend in the sales. In the Americas, total net sales declined 4% to 406 million dollars. In Asia-Pacific, total net sales declined 1% to 324 million dollars.

– These results reflected a continuation of strong growth in mainland China and mixed results in other markets. These sales results also reflected lower spending attributed to foreign tourists, the company says.

In Europe, total net sales declined 4% to 102 million dollars and comparable sales declined 7%. Other net sales of 26 million dollars were 17% above the previous year, as increased wholesale sales of diamonds more than offset a 17% decline in comparable sales in our stores in the UAE.

Company also said that the possible US China tariffs could increase the jewelry tariffs from its current level to a new level of 25 % on average. The company increased its quarterly dividend by 5 procent.

Tiffany´s stock (TIF) ended Friday in New York to 94,48 dollars, up 0,94 %, giving the market cap of the company to 11,47 billion dollars.

Business Lifestyle

Baselworld2019: New innovations for luxury

It is spring time in Baselworld2019. This year will mark the fairs even more towards innovations and creativity. The global number one place for luxury watches and jewellery is also presenting the best of new innovations but with traditional expertise and knowhow.

The Swiss Watch Industry itself recorded last year a 6,3 % increase in exports and the total turnover was 21,2 billion Swiss francs. So luxury industry matters and it is an essential part of the country’s gross domestic product.

ComteamPUB+ will share with you the best innovations and trends from Baselworld.

Business Lifestyle Tech

Jewelleries for summer celebrations

Spring and summer time celebrations start with classic cherry blossom. Here we have listed some of the summer jewellery items for you and your loved ones. In the luxury watches, this is my favorite: Harry Winston and their classic view of this powerful blossom.

 

Chopard  “For You”, a fine watch and jewellery collection, introduces white gold jewellery set with delicate pear-shaped diamonds or emeralds blossoming in a sparkling corolla. Chopards “For You” was launched in the Baselworld 2017.

 

Faberge has desinged new “Three colors of Love collection” set with engagement and wedding rings including emeralds, rubies and sapphires. There are also matching rings for her and him, #sayyeswithcolors.

 

GraffDiamonds has got inspiration from butterflies and this time in red and blue.  These jewellery watches are called Princess Butterfly collection and they combine the beauty of diamonds and gemstones. Behind the Princess Butterfly’s show-stopping exterior is a jewelled timepiece.

 Päivi Härkönen

Design Lifestyle

Basel World – jewellery gallery

Inspiring Basel World – jewelleries like flora and fauna

Have you ever been in Basel World – an exhibition for luxury jewelry and watches?  Imagination and beauty are present here. It is also a place where the global  industry professionals meet and discuss the future trends.

In 2014 the message was clear: luxury goods show very good progress in terms of revenue growth and new markets. According to the exhibitors, growth is coming especially from the US and Arabian markets as well as from Asia. For example these global luxury brands were present in the fairs: Chopard,  Graff Diamonds,  Fabergé, Hermés, Hublot, Louis Erard and Swarovski.

One of the shining element was the Swarovski exhibition with their crystal Mini-car. This auto was designed for the Royal family Catherine and William for their wedding. It consists of thousands of Swarovski crystals.

Luxury watches are fabulous and the variety of brands, colors, diamonds, precious stones, art, fine craftsmanship and functions are really amazing. Some of them also take the sporting elements into account like for example the Movado (www.Movado.ch), which is ultra-light, high-tech and strong performance design watch. The case and bracelet are made from carbon fibre.

Another interesting example is from Doxa (www.Doxa.ch), which vintage watches for women and men really are sophisticated, elegant and fashionable. Vintage Fusion Ladies and Vintage Fusion Pilot´s are retro pieces for limited amount of 100.

One of the global mobile phones companies Vertu (www.vertu.com) was also present in the fairs. According to their sales director Chris Bedworth, Vertu expects growing sales especially from Asia and the company has presented new models with different assessories.

 

 

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Flora and fauna in the Basel fairs.

Lifestyle

Comteam PUB+ for professionals

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Dear Reader,

You are reading a Comteam PUB+ magazine. It is tailored for professionals which are leaders in their own fields. Our aim is  to share our passions and insights with our network and work with leading brands and quality products & services. Part of the stories are so called branded content which means that we have co-worked with our customers with content & concept.

But for your, our reader, we want to make high-quality, realiable and interesting stories while we know that the relationship to make an impression is a marathon, a life long journey and we want to keep that in mind.

This magazine is about lifestyle, fashion, business and finance, technology and of course sports in some senses. All those things that we love and want to share with you.

Looking forward for your comments and feedback and yes, keep in touch:)

Päivi Härkönen

Publisher

 

 

Lifestyle