DM, Overall Sales Rise at Tiffany
In the quarter, net sales were $442.5 million, up from $374.43 million in the previous year. Net earnings were $41.15 million, up from $32.71 million.
For the six months ended July 31, net sales rose 16 percent to $838.33 million. Net earnings increased 18 percent to $77.01 million.
Direct marketing sales increased 13 percent to $43.94 million in the quarter and 12 percent to $81.23 million in the first half. Combined Internet/catalog sales rose 21 percent for both the quarter and the half on continued strength in e-commerce sales, the company said.
In other news, Too Inc., New Albany, OH, said that net sales for the second quarter totaled $134.8 million, down from $141.2 million posted in the 2002 period. The company's Limited Too sells apparel, swimwear, sleepwear, underwear, footwear, lifestyle and personal-care products for girls ages 7-14. Limited Too publishes a catalog and also sells through its Web site, www.limitedtoo.com.