Tiffany's 3Q sales climb almost 20 percent

Due to a renewed focus on marketing and distribution, net sales at luxury jewelry retailer Tiffany and Co. increased 18 percent in the third quarter ended Oct. 31, the company announced today.

Net sales in the United States were up 12 percent for the period and 16 percent year-to-date. Internationally, third-quarter sales increased 22 percent and 18 percent year-to-date. On a store-by-store basis, comparable-store sales increased 8 percent in the United States and 10 percent internationally for the period.

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