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While down, US jeweler Tiffany’s Q1 earnings show two promising growth signs: ecommerce, China

Posted ByLuxury Daily News ServiceOn In Featured,Industry sectors,Jewelry | No Comments
The Tiffany T1 collection is showing positive signs of market acceptance. Image credit: Tiffany & Co. The Tiffany T1 collection is showing positive signs of market acceptance. Image credit: Tiffany & Co.

 

By Luxury Daily News Service

U.S. jeweler Tiffany & Co. reported net sales for the first quarter beginning Feb. 1 dropped 45 percent to $556 million due to the retail stores closures worldwide over government-mandated COVID-19 lockdowns.