Qingdao is Tiffany's eighth location in China. The jeweler currently operates two stores each in Beijing and Shanghai, and one store each in Tianjin, Shenyang and Chengdu.Tiffany & Co. operates jewelry and specialty ChronoSwiss Regulateur Moonphase CS-20 stores and manufactures products through its subsidiary corporations. Its principal subsidiary is Tiffany and Company. The Company operates TIFFANY & CO. retail stores and boutiques in the Americas, Asia-Pacific and Europe and engages in direct selling through Internet, catalog and business gift operations.
Other operations include consolidated results from ventures operated under trademarks or trade names other than TIFFANY & CO. For additional information, please visitTiffany Reports 19% Net Gain, ChronoSwiss Regulateur Moonphase CS-22 By Asia-Pacific, EuropeTiffany & Co. reported a 19 percent jump in first-quarter earnings, buoyed by strength in the Asia-Pacific and in Europe, which offset weakness in the U.S.For the three months ended April 30, earnings reached $64.4 million, or 50 cents a diluted share, from $54.1 million, or 39 cents, in last year's quarter. The results were 25 percent ChronoSwiss Time Master CS-15 analysts' expectations of earnings of 40 cents a share.
Total sales rose 12.2 percent to $668.1 million from $595.7 million, while same-store sales grew 3 percent.Sales in the Americas region, which includes North and South America, rose 6 percent to $373.6 million, ChronoSwiss TimeMaster 24H CS-23 comparable-store sales remained constant. Boosted by tourists taking advantage of the weak dollar against foreign currencies, the New York flagship saw a 16 percent increase in same-store sales.In the Asia-Pacific region, which includes Japan and Asia-Pacific countries outside Japan and the Middle East, sales soared 21 percent to $222 million, while comps increased 4 percent. European sales rose 38 percent to $60.1 million and comps spiked 12 percent.
"While we have always said that Tiffany's business is not recession-proof, the increasingly global nature of our business is demonstrating the mitigating effect that it can have on an economic weakness in one particular region," said Mark Aaron, vice president of investor relations, in a call to Wall Street.Michael J. Kowalski, chairman and chief executive officer, said the company is pursuing expansion opportunities this ChronoSwiss Timemaster Automatic CS-9 and plans to open about 24 stores across the U.S., Asia-Pacific and Europe. The company also will introduce a new smaller store format in the U.S. later this year. Tiffany operated 192 units at the end of the first quarter.
Looking forward, Tiffany remains cautious and does not expect improvement in U.S. sales until later this year. The company said it remains on track to achieve full-year expectations, and raised full-year earnings ChronoSwiss TimeMaster Calendar CS-14 in the range of $2.80 to $2.90 a diluted share, from previous guidance of $2.75 to $2.85 a share. Sales are expected to be up 10 percent.Shares of the company increased 2.7 percent to close at $49.03 ChronoSwiss Timemaster for Lefthanders CS-8 Friday.Credit: By Jeanine PoggiTIF, the internationally renowned jeweler, today announced plans for a Fall 2008 opening of a store in Westfield London, a new retail and leisure complex due to open in White City, West London.
The approximately 2,800-square-foot store will feature a modern glass facade that showcases the store's welcoming and gracious interior with custom furnishings and brushed stainless steel showcases arrayed with exclusive TIFFANY & CO. collections. ChronoSwiss Wristmaster CS-7 them are the jeweler's exquisite diamonds in engagement rings; fine and sterling silver jewelry; the celebrated designs of Elsa Peretti, Paloma Picasso, Jean Schlumberger and Frank Gehry; watches; gifts and accessories. Customers may further peruse the collections in the comfort of an elegant private sales salon.
"We look forward to opening our store in Westfield London, which is being positioned to become a premier destination for luxury shopping in the area," said Melvyn Kirtley, Group Vice President Tiffany & Co. Europe. "Our Concord C1 Chronograph CC-1 location in the center provides us with the ideal environment for introducing customers to Tiffany's heritage of design and outstanding service for which it is known worldwide."Tiffany & Co. operates jewelry and specialty retail stores and manufactures products through its subsidiary corporations. Its principal subsidiary is Tiffany and Company. The Company operates
TIFFANY & CO. retail stores and boutiques in the Americas, Asia-Pacific and Europe and engages in direct selling through Internet, catalog and business gift operations. Other operations include consolidated Concord C1 Chronograph CC-2 from ventures operated under trademarks or trade names other than TIFFANY & CO. For additional informationTiffany's core lines-Atlas, Tiffany Grand, and Tiffany Mark-will continue, using new and current designs. The first new collections will be unveiled in 2009, though individual models could be ready this year, said Nicolas Hayek Jr., president Concord C1 Chronograph CC-3 chief executive officer of Swatch Group's management board.
Luxury jeweler Tiffany & Co. and its new partner, the Swatch Group, intend to make Tiffany one of the world's leading luxury watch brands within a decade. A 20-year pact between the two was announced in December. Concord C1 Chronograph CC-4 now account for 2 to 3 percent of Tiffany's total sales.Tiffany's core lines-Atlas, Tiffany Grand, and Tiffany Mark-will continue, using new and current designs. The first new collections will be unveiled in 2009, though individual models could be ready this year, said Nicolas Hayek Jr., president and chief executive officer of Swatch Group's management board.
Retail pricing will remain about the same, ranging from $1,000 to $15,000, said Tiffany chairman and chief executive officer Michael Kowalski. Distribution-through Swatch Group's global network, Tiffany stores, and in areas Concord C1 Chronograph CC-5 rivals like Bulgari watches are sold-will be selective.The new watch company, called Tiffany Watches but wholly owned by Swatch, is headquartered in Switzerland and headed by Nayla Hayek, a member of the Swatch Group board and daughter of Nicolas Hayek Sr. That's "a clear signal of how important this partnership is us," said Nic Hayek Jr.
Both companies are collaborating on design, engineering, manufacturing, distribution, and servicing, he said.Tiffany is taking a $20 million pretax charge to discontinue some watch lines and related inventory, to prepare Fake Rolex Submariner Date Watch rrx0904010 the new business. Kowalski denied a press suggestion that the pact with Swatch is a "poison pill" to ward off possible hostile takeovers by other major luxury goods groups.Nicolas Hayek Sr. said Swatch replica 2TONE 18K GOLD/SS ROLEX SUBMARINER DATE WATCH BLACK SUB is spending almost $400 million to boost capacity at its 160 facilities in Switzerland.Tiffany & Co. (NYSE: TIF) today announced plans to open a smaller-format store in Glendale,
California, in mid-October 2008. The approximately 2,600 square foot store will be located in The Americana at Brand, a new 900,000-square foot retail and residential environment developed by Caruso Affiliated. Covering 15.5 acres that replica Jaeger-LeCoultre Reverso Squadra Hometime Black watches beautifully landscaped with fountains, plazas and walkways, the expansive property is designed as an ultimate lifestyle and leisure destination, with shops and boutiques, casual cafes, fine dining, and luxury residences.
The store's clean, ultra modern environment invites relaxed browsing and interaction with contemporary TIFFANY & CO. collections, ranging from diamond jewelry in platinum and gold to an array of sterling silver jewelry. In this atmosphere of easy replica Rolex Datejust Ladies watch rrx0904195 and accessibility, visitors will discover the new and the renowned in TIFFANY & CO. design, strong statements at fashion's leading edge that underscore Tiffany's reputation as a premier jeweler and innovator. In addition, the collections allow customers to experiment with designs responsive to fashion trends and create different looks to play up personal style.
"This exciting new concept is simply a replica Rolex Datejust Ladies watch rrx0904197 way of looking at Tiffany, and The Americana at Brand is the ideal location to unveil it," said Beth O. Canavan, executive vice president of Tiffany & Co. "The property has the feeling of an upscale community with a chic fashion district that will complement our sophisticated store design and jewelry assortment that is up-to-the-minute in style. At the same time, the store architecture and jewelry collections reflect our great tradition of quality and craftsmanship -- familiar aspects of the TIFFANY & CO. shopping experience that we look forward to replica Rolex Datejust Ladies watch rrx0904196 to our many customers in the important Los Angeles market."
"We are pleased to be the first retail environment in the world to unveil this new concept shop by Tiffany & Co.," stated Rick J. Caruso, CEO of Caruso Affiliated. "Rich in history and true luxury, Tiffany & Co. is simply the finest purveyor of diamonds, jewelry, and gift items."Tiffany & Co. operates jewelry and specialty retail stores and manufactures products through its subsidiary corporations. replica Rolex Datejust Ladies watch rrx0904198 principal subsidiary is Tiffany and Company. The Company operates TIFFANY & CO. retail stores and boutiques in the Americas, Asia-Pacific and Europe and engages in direct selling through Internet, catalog and business gift operations.
We thought that it might have been viable in a different environment, he said.Aaron said the company will close the Iridesse locations after negotiating lease arrangements with landlords and selling off inventory.The Replica Rolex watch submariner slassic ss black bezel black dial did not yet know how many jobs the closings would eliminate.We hope to be able to place at least some of the employees within the Tiffany organization, but that remains to be seen, Aaron said.In December the jewelry retailer, which operates 206 Tiffany units in 21 countries including 76 in the U.S., offered voluntary retirement incentives to about 800 U.S. employees, or 13.3 percent of its domestic workforce.
Aaron said more people Replica Rolex Yacht Rolex - GMT-Master II watch rrx0904027 advantage of the program than expected, which meant there might be more room to absorb former Iridesse employees.For a fashion crowd attuned to the rise and fall of heels and hemlines, the term replica TAG Heuer Aquaracer watches rtg0904003 consciousness sounds like the sign of a color trend. But the nonprofit organization SeaWeb and the Tiffany & Co. Foundation are hoping to bring new meaning to the phrase with their Coral Reinterpreted jewelry collection, which makes its debut today. The endeavor is part of SeaWeb's Too Precious To Wear campaign.
For a fashion crowd attuned to the rise and fall of heels and hemlines, the term coral consciousness sounds like the sign of a color trend. But the nonprofit organization SeaWeb and the Tiffany & Co. Foundation are hoping to bring new meaning ChronoSwiss Regulateur Moonphase CS-19 the phrase with their Coral Reinterpreted jewelry collection, which makes its debut today. The endeavor is part of SeaWeb's Too Precious To Wear campaign.The cause? Ocean coral those tiny sea anemonelike organisms blanketing the reefs. It's an increasingly endangered species due in part to harvesting for jewelry and other accessories, in addition to overfishing and climate change.