By  on January 17, 2018

Despite a nice bump up in holiday sales, Tiffany & Co.’s chief executive officer Alessandro Bogliolo said the company needs to keep moving its product offering forward — and spending to revamp operations — to truly overcome the negative trend from earlier in the year.

Tiffany’s sales for November and December combined rose 8 percent to $1.05 billion, with a 5 percent gain in comparable-store sales. On a constant currency basis, net sales increased 6 percent with a 3 percent comp gain. The gain is broadly in keeping with trends in the market, which saw many retailers bounce back after a tough year with solid holiday sales.

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