Tiffany Reports 12% Holiday Sales Gain

Tiffany & Co. reported net sales of $673.8 million for the holiday period from Nov. 1 to Dec.31, up 12% from about $602 million last year.

The jewelry direct marketer and retailer reported direct marketing sales of $78 million, up 11% from $65 million last year.

Combined Internet and catalog sales rose 13%. The New York-based company attributed this to higher growth in e-commerce sales due to an increased average order size.