Net sales rose 17.2 percent to $981.4 million from $837.6 million. As has often been the case among luxury retailers in recent months, revenues failed to match levels from the final quarter of 2008, when Tiffany registered $1.replica Rolex Datejust Ladies watch rrx0904215 billion in net sales. Eliminating the positive effect of currency fluctuation, comparable-store sales rose 8 percent during the quarter, with U.S. comps up 11 percent and, adjusted for currency effects, Europe up 14 percent and Asia-Pacific up 3 percent as a 9 percent decline in Japan was more than offset by a 24 percent boom in other parts of the region.
Net sales were up 14 percent in the Americas to $523.5 million, up 14 replica Rolex Datejust Ladies watch rrx0904216 in Asia-Pacific to $318 million and up 29 percent in Europe to $311.8 million. Gross margin contracted to 58.7 percent of sales from 59.4 percent a year ago, principally because of increased wholesale trade in rough diamonds at little or no profit.Mark Aron, vice president of investor relations, said on the company conference call that sales in the New replica Rolex Datejust Ladies watch rrx0904217 flagship rose 22 percent, and 19 percent in the New York territory, in the quarter. Although the flagship's volume was down 15 percent for the year,
and its share of worldwide sales fell to 9 percent last year from 10 percent in 2008, sales per square foot finished at $5,500.Aron told WWD the company remains firm in its belief that the U.S. market could support 150 stores, versus the replica Rolex Datejust Ladies watch rrx0904218 count of 79 among its 220 total, and that its typical footprint moving forward will be about 3,700 square feet. We tested a 2,500-square-foot model that didn't have engagement jewelry, but we quickly learned that a Tiffany without engagement jewelry wasn't acceptable to our customers, he said.
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