Reuters reports that Tiffany recorded positive sales figures in the last two months of 2009. These were huge improvements over plunging sales at the peak of financial crisis in late 2008.
During November and December 2008, Tiffany saw sales at its U.S. stores open at least a year plunge 35 percent in the wake of a global financial crisis that reined in even its most well-to-do customers.
During the same months of 2009, U.S. same-store sales rose 12 percent, with a 16 percent rise in November and a 10 percent rise in December.
The company's total same-store sales rose 8 percent on a constant exchange rate basis. The company's flagship store at Fifth Ave in New York saw sales jump 20 percent.
Net worldwide sales climbed 17 percent for Tiffany during November and December. Tiffany's sales were up but not all jewelers did as well in the 2009 holiday season. The WSJreports that some of Tiffany's rivals suffered from declining sales or smaller gains.
Reuters 
