DM Growth Outpaces Retail For Tiffany & Co.

Direct marketer and retailer Tiffany & Co. reported net earnings of $254.7 million on sales of $2.4 billion for fiscal 2005, compared with earnings of $304.3 million on sales of $2.2 billion. Earnings for the fourth quarter were $140.3 million, down from $217 million, on sales of $858.4 million, up from $810.1 million.

The company