Emerging markets, whether in Asia, Latin America, Africa or Eastern Europe, defy all attempts at taxonomy. What works in one market may not even be remotely relevant to another. The sheer diversity of profiles, characteristics and dynamics makes it virtually impossible to compile a shopping list of best practices that global retailers can leverage across markets. However, there are some fundamentally relevant factors that retailers must consider in order to succeed in emerging economies.
SAN JOSE, Calif. — Revenue at eBay soared 23% to $3.4 billion during the company's second quarter, thanks to strong performances in its Marketplaces and PayPal businesses. The company reported second quarter net income on a non-GAAP basis of $730 million, or 56 cents per diluted share, up 16% year over year primarily due to strong top-line growth partially offset by increased investment in the shopping experience and the impact of acquisitions. GAAP net income of $692 million, or 53 cents per diluted share, reflected a gain on the divestiture of a business in 2012 and increased significantly year-over-year
New York-based Tiffany & Co. plans to open 20 additional company-operated stores in 2012. The company opened four new stores in the first quarter in Mexico City, Montreal, Salt Lake City and Wuhan, China. The remaining 20 stores are slated to open across the Americas, the Asia-Pacific region, Europe and the United Arab Emirates. Currently, the company operates 251 stores, including 105 in the Americas, 59 in the Asia-Pacific, 55 in Japan and 32 in Europe. SAVE | EMAIL | PRINT | MOST POPULAR | RSS DDI's RetailDesignDiva blog is dedicated to retail design issues, opinions and frustrations
Tiffany & Co. reported profit for the quarter ended Oct. 31 surged 63 percent to $89.7 million compared with $55.1 million in the year-ago period. Rising global sales propelled the strong performance, but the jeweler cautioned that fourth quarter earnings, which include the key holiday selling season, could fall below expectations.
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