Tiffany net up 29%
New York City — Tiffany & Co. said fourth-quarter earnings rose 29% as net sales jumped 12% to $1.1 billion. The company earned $181.2 million in the quarter compared with $140.4 million in the year-ago period. The latest quarter includes from the pending relocation of Tiffany’s New York headquarters staff.
For the full year, worldwide net sales increased 14% to $3.1 billion. Net earnings from continuing operations rose 39% to $368.4 million.
In 2011, Tiffany plans to open 21 stores across the Americas, Europe and Asia-Pacific. The company said it expects sales in Japan to decline 15% in the first quarter on store closings and limited store hours because of the earthquake and ensuing tsunami on March 11.
Survey: Majority of New Yorkers would shop at Walmart
New York City — A new poll released Friday finds that New Yorkers would shop at Walmart if one opened in the city. According to the Quinnipiac University poll, 68% of New Yorkers said that if it were convenient for them, they would shop at Walmart. That is compared with 29% who said they would not.
Nearly identical numbers of people say the chain’s lower prices would eat into small business sales.
Of those polled, 57% say they think elected officials should allow Walmart to move into the city, while 36% do not.
The new Quinnipiac poll surveyed about 1,100 registered voters between March 8-14 and has a margin of error of +/- 2.9 percentage points.
Fruity Sensa offering hits market
MANHATTAN BEACH, Calif. — Shortly after announcing the launch of its weight-loss system for men, Sensa is introducing a fruity lineup of energy enhanced vitamin drinks.
Sensa Quench, available in orange crush, pink grapefruit and berry splash flavors, is a sugar-free drink mix that when added to 12-oz. of water, includes a powerful blend of natural ingredients to energize, help increase the metabolism and hydrate, according to the company.
The Sensa Quench weight-loss system is available in a 30-pack for $39.95.