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Marimekko to open U.S. flagship
New York City -- Finnish retailer Marimekko will open a flagship in Manhattan this fall. The company is also expanding its collaboration with Crate & Barrel.
The 4,000-sq.-ft. store will feature Marimekko’s wide-ranging product mix, which includes furnishings fabrics, home goods, apparel and accessories. It will be designed by the Japanese architectural firm IMA. -
Tiffany net up 29%
New York City -- Tiffany & Co. said fourth-quarter earnings rose 29% as net sales jumped 12% to $1.1 billion. The company earned $181.2 million in the quarter compared with $140.4 million in the year-ago period. The latest quarter includes from the pending relocation of Tiffany's New York headquarters staff.
For the full year, worldwide net sales increased 14% to $3.1 billion. Net earnings from continuing operations rose 39% to $368.4 million.