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Tiffany & Co. to Reduce Prices at Stores in Japan
By Dialog NewsEdge Posted: 02/10/09 20:28
(RAPAPORT) JIJI, TOKYO: Tiffany & Co. said Tuesday it will cut prices for most of its products in Japan by an additional 9 percent on average. The move comes only after the company cut its product prices by an average of 6 percent in late November in the run-up to the crucial year-end shopping season.
The U.S. jewelry and silverware company will implement the reduction at all of its 57 Japanese outlets, starting Wednesday, in response to slumping sales. It is extremely rare for the company to reduce its product prices back to back in that short interval, company officials said.
Copyright © 2009 Jiji Press Ltd, Source: The Financial Times Limited
Tiffany & Co. to Reduce Prices at Stores in Japan
By Dialog NewsEdge Posted: 02/10/09 20:28
(RAPAPORT) JIJI, TOKYO: Tiffany & Co. said Tuesday it will cut prices for most of its products in Japan by an additional 9 percent on average. The move comes only after the company cut its product prices by an average of 6 percent in late November in the run-up to the crucial year-end shopping season.
The U.S. jewelry and silverware company will implement the reduction at all of its 57 Japanese outlets, starting Wednesday, in response to slumping sales. It is extremely rare for the company to reduce its product prices back to back in that short interval, company officials said.
Copyright © 2009 Jiji Press Ltd, Source: The Financial Times Limited