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tiffany small
Kowalski to Retire in 1Q, Tiffany Appoints Cumenal as Next CEO
Michael J. Kowalski, the CEO of Tiffany & Co., intends to retire on March 31, 2015. Kowalski, who has been a member of the company's board since 1995, will continue to serve as a non-executive chairman. The board has...
Retail Jul 21, 2014 Jeff Miller
tiffany diamond
Tiffany & Co.'s 1Q Sales +13%, Profit +50% to $126M
Tiffany & Co. reported that sales increased 13 percent year on year to $1.012 billion for the first quarter that ended on April 30. The retailer's cost of sales rose 7.7 percent to $422.6 million and...
Financial-Legal May 21, 2014 Jeff Miller
tiffany small
Analysts View Chinese Demand as Strong Opportunity for Tiffany
Tiffany & Co. will benefit from China's increasing demand for jewelry coupled with the country's low rate of diamond penetration, especially as marriage rates increase, according to Sterne Agee analysts Ike Boruchow and...
Research Apr 18, 2014 Jeff Miller
tiffany small
Tiffany & Co. Names Nicoletti as CFO
Tiffany & Co. named Ralph Nicoletti as its new executive vice president and chief financial officer (CFO) effective April 2, 2014. He will join the jeweler from CIGNA, where he was an executive vice president...
Retail Mar 19, 2014 Jeff Miller
kay
Jewelry Giants
Signet Jewelers’ $1.4 billion acquisition of Zale Corporation announced last week signals the emergence of another retail giant in the diamond and jewelry market; not that the two companies were such small fish...
Retail Feb 28, 2014 Avi Krawitz
Court
Judge Permits Generic 'Tiffany Setting' Argument to Proceed
U.S. District Judge Laura Taylor Swain ruled this past week that Costco Wholesale Corporation may proceed with its defense argument and discovery process related to proving that the ''Tiffany setting'' is a generic...
Financial-Legal Jan 21, 2014 Jeff Miller
tiffany store
Tiffany & Co.'s Christmas Sales +4% to $1B
Tiffany & Co. reported that sales increased 4 percent year on year to $1.03 billion during the Christmas season, which included the months of November and December. Comparable-store sales rose 6 percent. Revenue from stores...
Financial-Legal Jan 10, 2014 Jeff Miller
tiffany store
Former Tiffany & Co. Executive to Serve Prison Sentence
Ingrid Lederhaas-Okun, a former executive at Tiffany & Co. who pleaded guilty to one count of interstate transportation of stolen property valued at $1.3 million, was sentenced to one year plus one day in prison. Attorneys for the...
Financial-Legal Dec 23, 2013 Jeff Miller
tiffany store
Tiffany & Co.'s 3Q Sales +7%, Profit Jumps as Costs Ease
Tiffany & Co. reported that revenue increased 6.9 percent year on year to $911.5 million for the third quarter that ended on October 31. Same-store sales rose 7 percent. Cost of sales edged up 0.9 percent...
Financial-Legal Nov 26, 2013 Jeff Miller
Wall Street Bull courtesy of Glen Scarborogh
Diamond Investors
For investors looking for exposure to the diamond market, 2013 has not lived up to expectations. In fact, while U.S. stocks have rallied this year, pure-play diamond companies have struggled along. If the rise of the...
Rough Markets Nov 15, 2013 Avi Krawitz
tiffany diamond
Tiffany Expands Online Channel With New Features, Information
Tiffany & Co. redesigned and relaunched its tiffany.com channel with interactive pathways to explore the brand's heritage and prominence. The new tiffany.com website features high-resolution visuals and video and it enables customized...
Marketing Oct 21, 2013 Jeff Miller
tiffany store
Tiffany & Co. to Proceed With Branded Watches
Tiffany & Co. intends to proceed with plans to design, produce, market and distribute Tiffany & Co.-branded watches, according to a filing with the Securities & Exchange Commission (SEC). The luxury jeweler originally established...
Watches Oct 11, 2013 Jeff Miller
tiffany small
Sterne Agee Upgrades Tiffany & Co. to 'Buy'
Sterne Agee analyst Ike Boruchow upgraded shares in Tiffany & Co. to ''Buy'' from ''Neutral'' with a target price of $86, citing a highly visible margin recapture opportunity in the upcoming 18 to 24 months, a rapidly growing international platform,...
Financial-Legal Oct 10, 2013 Jeff Miller
cumenal
Tiffany & Co. Appoints Cumenal as President
Tiffany & Co.'s board of directors appointed Frederic Cumenal (pictured) as the retailer's president and to a newly created seat on the board. Prior to this appointment, Cumenal, 54, was the executive vice president of Tiffany &...
Marketing Sep 24, 2013 Jeff Miller
tiffany diamond
Tiffany & Co.'s Profit +16% to $107M, Raises Guidance
Tiffany & Co. reported that revenue rose 4.4 percent year on year to $925.9 million in the second quarter that ended on July 31. Comparable-store sales rose 1 percent worldwide. Cost of sales rose by only 1.6...
Retail Aug 27, 2013 Jeff Miller
tiffany diamond
Tiffany & Co. Maintains Highest Sourcing Standards for Diamonds
Tiffany & Co. continued its commitment to sustainability, responsible mining and best business practices, according to the retailer's annual corporate social responsibility report for 2012. During the past year, the company stated...
Marketing Aug 16, 2013 Jeff Miller
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Sterne Agee Raises Earnings Outlook for Tiffany & Co.
Sterne Agee analysts Ike Boruchow and Tom Nikic raised their earnings outlook for Tiffany & Co. as lower material costs and improving sales for the brand's silver business are expected to boost...
Financial-Legal Aug 15, 2013 Jeff Miller
Shopping Mall
Millenials Favor Mobile Luxury Ads
While advertising in traditional media may still be the best way to attract affluent Generation X and baby boomer consumer groups, especially given that magazines are the top influencer for those groups, The Shullman...
Marketing Aug 12, 2013 Sandra Mardenfeld
L2
L2 Scores Cartier, Zale as Digitally Challenged
The use of digital media to grow online and offline sales is a recipe for growth that has had a positive impact on the specialty retail sector, including some jewelers, according to a recent report by L2 Think Tank. However,...
Retail Aug 07, 2013 Deena Taylor
Former Tiffany Executive Faces December Sentencing for Stealing
Former Tiffany & Co. vice president Ingrid Lederhaas-Okun, who admitted she stole $2.1 million of jewelry from her employer, is scheduled for a December 10 sentencing by Judge Paul G. Gardephe. She pled guilty to one count of interstate transportation of stolen property on July 26 in the U.S. District Court -- a crime...
Retail Jul 29, 2013 Sandra Mardenfeld
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