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Tiffany Q4 beats Street
New York -- Tiffany & Co.’s fourth-quarter net income inched up 0.7%, but its results still topped analysts’ predictions as strong demand in Asia helped to offset domestic weakness. The company also offered an annual sales outlook that topped analysts' estimates, citing its strong prospects in most Asian markets.
For the quarter ended Jan. 31, Tiffany earned $179.6 million, compared with $178.4 million in the year-ago period. Revenue increased 4% to $1.24 billion.
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Claire's fashions a Q4 comps increase
CHICAGO — Claire's Stores reported net sales of $493.4 million for the fiscal 2012 fourth quarter, an increase of $58.5 million, or 13.4% compared with the fiscal 2011 fourth quarter.
During fiscal 2012 fourth quarter, the company entered two new countries, opening three stores in China and two stores in Italy.
Consolidated same-store sales increased 5.4% for the quarter, with North America same-store sales increasing 5.9%, and Europe same-store sales increasing 4.4%.