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January 10, 2014

Tiffany & Co. saw its worldwide net sales in the two months ended Dec. 31st rise 4% to $1.03 billion.

New York – Tiffany & Co. saw its worldwide net sales in the two months ended Dec. 31st rise 4% to $1.03 billion. Total sales in the Americas region rose 6% to $550 million.

Same-store sales rose 7% due to broad-based sales growth across most of the region. Tiffany[s is now offering guidance of earnings per diluted share expected to be in a range of $1.27-$1.37 for the fiscal 2013 ending January 31, 2014.

May 28, 2013

Tiffany & Co.’s net income rose a better-than-expected 3% to $83.6 million in its first quarter, up from the prior year’s $81.5 million, boosted by sales improvement across all its regions, particularly Asia.

New York -- Tiffany & Co.’s net income rose a better-than-expected 3% to $83.6 million in its first quarter, up from the prior year’s $81.5 million, boosted by sales improvement across all its regions, particularly Asia. Global same-store sales rose 8% during the quarter.

The earnings bump came on a 9% worldwide net sales increase to $895 million. In the Americas region, total sales rose 6% to $408 million. Same-store sales rose 3% with relatively stronger growth in the New York flagship store.

January 10, 2012

Tiffany & Co. reported that sales growth weakened in the United States and Europe during the holiday season, although other regions experienced significant gains.

New York City -- Tiffany & Co. reported Tuesday that sales growth weakened in the United States and Europe during the holiday season, although other regions experienced significant gains.

The company cut its yearly earnings guidance. 

December 15, 2011

Tiffany & Co. announced that Stephane Lafay has been appointed to the newly-created position of group VP - Asia-Pacific Region and President - Tiffany Japan.

New York -- Tiffany & Co.  announced that Stephane Lafay has been appointed to the newly-created position of group VP - Asia-Pacific Region and President - Tiffany Japan. 

Lafay, 46, joined Tiffany in 2009 as president of Tiffany’s Japan organization. A search is underway for a managing director of Japan who will report to Lafay. 

September 22, 2011

The National Retail Federation said Thursday it welcomed legislation that would require the State Department to speed up the visa application process for citizens from three key countries, saying the move would make it easier for tourists and business travelers to spend money in U.S. stores.

Washington, D.C. -- The National Retail Federation said Thursday it welcomed legislation that would require the State Department to speed up the visa application process for citizens from three key countries, saying the move would make it easier for tourists and business travelers to spend money in U.S. stores.

September 20, 2011

By Richard Hearn, CEO, Crown Partners

By Richard Hearn, CEO, Crown Partners

September 15, 2011

Tiffany & Co. said Thursday it plans to open a store in New York’s SoHo neighborhood in September 2012.

New York City -- Tiffany & Co. said Thursday it plans to open a store in New York’s SoHo neighborhood in September 2012.

The 7,000-sq.-ft. store will occupy a space that combines two locations -- 97 Greene Street and 106 Wooster Street. 

The 2012 opening corresponds to Tiffany’s 175th anniversary of its founding on Lower Broadway in the 1850s.

August 26, 2011

Supporting continued strength in the luxury sector, Tiffany & Co. reported Friday that profit for the quarter ended July 31 soared 33% to $90 million, from $67.7 million a year earlier.

New York City -- Supporting continued strength in the luxury sector, Tiffany & Co. reported Friday that profit for the quarter ended July 31 soared 33% to $90 million, from $67.7 million a year earlier. Results surpassed Wall Street estimates, and the jewelry retailer raised its full-year profit outlook.

Revenue surged 30% in the quarter, to $872.7 million, beating analysts’ expected $785.6 million.  Same-store sales jumped 22%.

May 26, 2011

Tiffany & Co. said Thursday its first-quarter profit rose 25% on higher revenue across all regions worldwide. The results beat expectations and the company raised its forecast for the year above current Wall Street estimates.

New York — Tiffany & Co. said Thursday its first-quarter profit rose 25% on higher revenue across all regions worldwide. The results beat expectations and the company raised its forecast for the year above current Wall Street estimates.

Tiffany net income rose to $81.1 million for the three months ended April 30, up from $64.4 million a year earlier.

Revenue jumped 20% to $761 million from $633.6 million last year, sharply higher than analyst predictions of $702.6 million.

April 8, 2011

Tiffany & Co. CEO Michael Kowalski received a pay package worth nearly $7.1 million for 2010, a 13% increase over 2009, according to a report by the Associated Press.

New York City -- Tiffany & Co. CEO Michael Kowalski received a pay package worth nearly $7.1 million for 2010, a 13% increase over 2009, according to a report by the Associated Press.

A Securities and Exchange Commission filing on Friday showed that Michael J. Kowalski, 59, received a base salary of $958,957 and a performance-based bonus of nearly $1.6 million.
 
The bulk of his award came in the form of stock and option grants worth $4.4 million when they were granted.

March 21, 2011

Tiffany & Co. said fourth-quarter earnings rose 29% as net sales jumped 12% to $1.1 billion.

New York City -- Tiffany & Co. said fourth-quarter earnings rose 29% as net sales jumped 12% to $1.1 billion. The company earned $181.2 million in the quarter compared with $140.4 million in the year-ago period. The latest quarter includes from the pending relocation of Tiffany's New York headquarters staff.

For the full year, worldwide net sales increased 14% to $3.1 billion. Net earnings from continuing operations rose 39% to $368.4 million.

March 2, 2011

Tiffany & Co. has named Frederic Cumenal as executive VP, effective March 10.

New York City -- Tiffany & Co. has named Frederic Cumenal as executive VP, effective March 10.

Cumenal, 51, will be responsible for the company’s businesses in Asia, Japan, Europe and Emerging Markets, and will report to chairman and CEO Michael J. Kowalski. He joins Tiffany from the LVMH Group where most recently he was president and CEO of Moët & Chandon, S.A.

January 12, 2011

Tiffany & Co. announced that James Quinn will retire in early 2012.

New York City -- Tiffany & Co. announced that James Quinn will retire in early 2012. Quinn joined Tiffany in 1986 and has served as president since 2003, responsible for the company’s sales outside the Americas.

November 24, 2010

Tiffany & Co. reported a 27% gain in third-quarter profit, topping analysts’ estimates, as sales rose globally.

New York City -- Tiffany & Co. reported a 27% gain in third-quarter profit, topping analysts’ estimates, as sales rose globally. The jewelry retailer raised its full-year earnings forecast.

Net income rose to $55.1 million, from $43.3 million in the year-ago period, better than analysts had expected.

August 26, 2010

Tiffany & Co.'s second-quarter net income rose 19% on higher revenue as shoppers bought more...

June 17, 2010

Tiffany & Co. said Thursday that it will open 16 new locations in 2010, reiterating...

May 26, 2010

Tiffany & Co.'s net income more than doubled in the first quarter as its revenue...

March 21, 2010

Tiffany & Co. reported that its fourth-quarter profit quadrupled due to rising sales, especially during...

January 14, 2009

Tiffany & Co. on Wednesday said the 2008 holiday season was the most challenging since...

January 13, 2009

Proving that the luxury sector isn’t immune to the economic downturn, Tiffany & Co. reported...

December 1, 2008

Tiffany & Co. announced Tuesday it has offered voluntary-retirement incentives to about 800 U.S. employees...

August 27, 2008

Tiffany & Co. posted a higher quarterly profit on Thursday, benefiting from strong international sales...

May 29, 2008

Tiffany & Co. reported Friday that strong growth in the Asia-Pacific and European markets helped...

May 27, 2008

Target has teamed with designer Sami Hayek—brother to actress Selma Hayek—to carry a new line...