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Tiffany & Co. Expanding in China
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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...
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Retail
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Sep 02, 2019
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Rapaport News
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Tiffany Sales Fall as Tourist Spending Slows
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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...
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Retail
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Aug 28, 2019
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Rapaport News
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Tiffany Tells Its Story in China Exhibition
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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...
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Retail
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Aug 06, 2019
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Rapaport News
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Tiffany Sales Fall as Tourist Dip Worsens
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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,...
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Retail
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Jun 04, 2019
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Rapaport News
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Tiffany Weathers Slow 4Q for Record Year
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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...
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Retail
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Mar 24, 2019
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Rapaport News
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Tourist Slump Damages Tiffany’s Holiday
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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...
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Retail
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Jan 20, 2019
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Rapaport News
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Personalizing Can Give Stores an Edge
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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?...
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Retail
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Jan 01, 2019
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Leah Meirovich
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Hong Kong Jewelers Warn of Slowdown
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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...
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Retail
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Dec 02, 2018
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Rapaport News
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Tourist Slowdown Hits Tiffany Revenue
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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,...
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Retail
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Nov 28, 2018
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Rapaport News
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Tiffany Plans New Engagement-Ring Design
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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...
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Retail
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Aug 30, 2018
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Rapaport News
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Tiffany’s Sales Shine in Second Quarter
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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...
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Retail
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Aug 28, 2018
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Rapaport News
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Tiffany to Revamp New York Flagship Store
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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,...
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Retail
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Aug 15, 2018
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Rapaport News
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Tiffany Regains Sparkle as Sales Surge
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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...
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Retail
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May 23, 2018
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Rapaport News
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Tiffany’s Element of Surprise
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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...
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Retail
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Apr 25, 2018
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Avi Krawitz
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Tiffany Sales Climb as US, Asia Recover
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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...
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Retail
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Mar 18, 2018
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Rapaport News
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Tiffany Restores Growth in Strong Holiday Season
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Tiffany & Co’s sales jumped 8% during the holidayseason amid a sharp improvement in US demand and a recovery in Asian markets,the luxury jeweler reported. Group sales grew to $1.05 billion during November andDecember, with comparable-store sales...
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Retail
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Jan 17, 2018
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Rapaport News
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Five Takeaways from the Stock Market in 2017
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In a year of soaring stock prices, US retail shares largely underperformed in 2017 as consumers (and investors) abandoned traditional shopping channels in favor of e-commerce platforms. As a result, familiar names such as J.C. Penney, Macy’s and Signet Jewelers slipped...
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Retail
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Jan 01, 2018
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Joshua Freedman
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China Recovery Lifts Tiffany
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Tiffany & Co received a boost from improved retaildemand in Asia during its third fiscal quarter, as the company seeks to returnto growth this holiday season.Group sales rose 3% year on year to $976.2 million in thethree months that...
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Retail
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Nov 29, 2017
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Rapaport News
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Tiffany Names Ex-Ralph Lauren Exec Chairman
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Tiffany & Co. has chosen longtime luxury executive RogerFarah as its chairman, effective October 2, it announced Thursday.Farah, 64, was a board member at Ralph Lauren from 2000 to2014, where he also served as president and COO...
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Retail
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Sep 24, 2017
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Rapaport News
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Tiffany Picks Ex-Bulgari Exec as CEO
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Tiffany & Co has named veteran luxury executiveAlessandro Bogliolo as CEO, the jeweler announced Thursday.Bogliolo, 52, is currently CEO of Italian clothing retailerDiesel, where he has led a program to revitalize the company’s brand andimprove the shopping...
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Retail
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Jul 13, 2017
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Rapaport News
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