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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
Tiffany Holiday Sales Rise 8%
Tiffany Restores Growth in Strong Holiday Season
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...
Retail Jan 17, 2018 Rapaport News
Bull bear stocks
Five Takeaways from the Stock Market in 2017
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...
Retail Jan 01, 2018 Joshua Freedman
Tiffany Beijing store
China Recovery Lifts Tiffany
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...
Retail Nov 29, 2017 Rapaport News
tiffany store
Tiffany Names Ex-Ralph Lauren Exec Chairman
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...
Retail Sep 24, 2017 Rapaport News
Alessandro Bogliolo Tiffany
Tiffany Picks Ex-Bulgari Exec as CEO
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...
Retail Jul 13, 2017 Rapaport News
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