While jewelry retailer Tiffany (ticker: TIF) is enthusiastic about its future opportunities in China the Middle Kingdom does not appear to be its near-term focus. VP Mark Aaron made the following comments during yesterday's Q3 2005 earnings results conference call:
Outside of Japan, comp store sales in the rest of the Asia Pacific region rose 4% in the quarter which followed a 6% increase last year. The most meaningful comp gains were in Singapore and Australia, and our new store in Brisbane is enjoying an excellent start. In addition, we'll continue to pursue long-term growth opportunities for Tiffany in China by focusing on building customer awareness through advertising and with further expansion beyond our existing two stores.
(Quotes are from the CCBN StreetEvents transcript.)
Comment: These comments are not much different from what was said on TIF's Q2 earnings conference call.
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