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Tiffany Hong Kong store
Tiffany Sales Stall as Tourist Spending Dries Up
Sales at Tiffany & Co. were flat at $1.01 billion in thethird fiscal quarter as increases in mainland China compensated for weakspending in the US and Hong Kong. Revenue declined 4% to $422.5 million in the Americas region assales to tourists...
Retail Dec 05, 2019 Rapaport News
Tiffany
LVMH Seals Tiffany Deal for $16B
LVMH Moët Hennessy Louis Vuitton is set to acquire Tiffany & Co. for $16.2 billion, strengthening the Paris-based luxury group’sposition in the global jewelry market and increasing its US presence. “Tiffany [is] a company with...
Retail Nov 25, 2019 Rapaport News
TIffany Daniella Vitale 150
Tiffany Brings Ex-Barneys CEO on Board
Tiffany & Co. has appointed former Barneys New York CEODaniella Vitale as executive vice president and chief brand officer, a newlycreated role that combines merchandising and marketing. Vitale left the department store...
Retail Nov 21, 2019 Rapaport News
TIffany store 150
Tiffany to Hire Outsider for New Brand Role
Tiffany & Co. plans to create a new role of chief brand officer to replace its current head of merchandising. The recruit, who will come from outside the company and will also be an executive vice president,...
Retail Nov 19, 2019 Rapaport News
Tiffany necklace
LVMH Proposes Tiffany Takeover
LVMH Moët Hennessy Louis Vuitton has approached Tiffany & Co. about acquiring the US jeweler for almost $15 billion, according to media reports. The Paris-based luxury group submitted a non-binding offerto Tiffany earlier...
Retail Oct 27, 2019 Rapaport News
new Tiffany store in Shangai 150
Tiffany & Co. Expanding in China
Tiffany is growing its presence in China to capitalize on a shift toward local purchasing among the country’s consumers. The jeweler plans to open new stores, launch its Blue Box Cafe in the country, and introduce more...
Retail Sep 02, 2019 Rapaport News
Tiffany HK store 150
Tiffany Sales Fall as Tourist Spending Slows
Sales at Tiffany slipped in the second quarter, aspurchases by foreign tourists decreased in the Americas and Asia Pacific. Revenue fell 3% to $1.05 billion year on year in the threemonths ending July 31, while comparable-store sales — at branches...
Retail Aug 28, 2019 Rapaport News
Tiffany
Tiffany Tells Its Story in China Exhibition
Tiffany & Co. will launch an exhibition in Shanghai, China, tocelebrate the greatest jewelry masterpieces it has created over its 180 years. The “Vision & Virtuosity” display, which will run from September 23 to November...
Retail Aug 06, 2019 Rapaport News
Tiffany
Tiffany Sales Fall as Tourist Dip Worsens
Tiffany & Co.’s revenue and profit dropped in the first fiscalquarter amid a continued decrease in spending by foreign tourists and a strong US dollar, it said Tuesday. Total revenue fell 3% to $1 billion in the three monthsending April 30,...
Retail Jun 04, 2019 Rapaport News
Tiffany Joshua LOndon 150
Tiffany Weathers Slow 4Q for Record Year
Tiffany & Co. reported record annual sales in 2018, despite the challenging economic environment that caused a slowdown in the fourth quarter. “In 2018...net sales surpassed levels not seen since 2014,” said Tiffany...
Retail Mar 24, 2019 Rapaport News
Tiffany
Tourist Slump Damages Tiffany’s Holiday
Sales at Tiffany & Co. fell during the holiday season, amidreduced spending by Chinese tourists, while economic uncertainties affecteddemand in the Americas and Europe. “Overall holiday sales results came in short of ourexpectations, which had...
Retail Jan 20, 2019 Rapaport News
Personal Mission
Personalizing Can Give Stores an Edge
In the retail industry, “The customer is always right” haslong been the motto. This drive to please consumers means businesses areconstantly in search of new and inventive ways to make them happy. But where dothey start?...
Retail Jan 01, 2019 Leah Meirovich
Luk Fook Hong Kong store
Hong Kong Jewelers Warn of Slowdown
Hong Kong’s largest jewelry retailers expect sales growth to slow in light of recent US-China trade tensions and the depreciation of the yuan currency.Same-store sales at Luk Fook dropped by a single-digitpercentage in Hong Kong and Macau in October...
Retail Dec 02, 2018 Rapaport News
Tiffany
Tourist Slowdown Hits Tiffany Revenue
Tiffany & Co.’s shares dropped 12% Wednesday after diminished spending by Chinese tourists led to weaker-than-expected sales. Comparable-store sales — at branches open for at least a year — grew 3% in the third fiscal quarter ending October 31,...
Retail Nov 28, 2018 Rapaport News
Tiffany Takeaways
Tiffany Plans New Engagement-Ring Design
Tiffany & Co is preparing to launch a new engagement-ringconcept as it heads into the holiday season on the back of solid second-quarter results. The jewelry retailer highlighted several new projects thatwill frame its strategy in the second half...
Retail Aug 30, 2018 Rapaport News
Tiffany Paper Flowers new
Tiffany’s Sales Shine in Second Quarter
Tiffany & Co. raised its outlook for the year,after strong US and Asia sales yielded better-than-expectedresults. Revenue rose 12% to $1.08 billion year on year in the secondfiscal quarter ending July 31, while comparable-store...
Retail Aug 28, 2018 Rapaport News
Tiffany
Tiffany to Revamp New York Flagship Store
Tiffany & Co. will embark on a three-year renovation projectat its famous Fifth Avenue store to make the customer experience moreinnovative and interactive. Refurbishment of the 10-story New York flagship will beginin February 2019,...
Retail Aug 15, 2018 Rapaport News
Tiffany 150
Tiffany Regains Sparkle as Sales Surge
Tiffany & Co. raised its sales outlook for the year after higher spending in the US and Asia drove a 15% jump in quarterly revenue.Revenue rose to $1.03 billion year on year for the first fiscal...
Retail May 23, 2018 Rapaport News
Tiffany nest
Tiffany’s Element of Surprise
There is some anticipation for the coming months at Tiffany & Co. A year after joining the company, its celebrated chief artistic officer Reed Krakoff is readying to launch his first new jewelry collection on the...
Retail Apr 25, 2018 Avi Krawitz
Tiffany
Tiffany Sales Climb as US, Asia Recover
Tiffany’s sales jumped 9% in the fourth fiscal quarter, as US and Far East demand strengthened.Global revenue grew to $1.33 billion, the company said Friday. Sales increased 13% year on year to $320 million in the Asia-Pacificregion for...
Retail Mar 18, 2018 Rapaport News
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