Thinking about wrapping your gifts in a certain blue box this season? Whatever, Tiffany doesn’t really need your money.

• The company has already seen profits way higher than projected, and the upcoming shopping nightmare known as Black Friday will probably boost sales even more.
• Other luxury goods brands are looking up as well – both Coach and Hermes are reporting strong sales this quarter.
• The National Retail Federation says this holiday season is probably going to be the best in four years. (If you’re a retailer, that is.)

Facts & Figures

• Sales have increased by 14% over last year
• The biggest increase in purchases is coming from big-ticket items – those that cost $500 or more
• Sales of items under $500 have continued to decrease

Best Quote

“We continue to see bifurcated performance, with declines in sales and transactions below $500, but double-digit percentage increases in most every other higher priced category. This indicates to us diverging effects to one degree or another that the economy is having on consumer spending.” – Mark Aaron, Tiffany’s Investor Relations Chief

Tags: consumer spending, holidays, jewelry, Tiffany