Tiffany & Co. today announced plans for a December 2007 opening of a new store in Tianjin, followed by a January 2008 store opening in Shenyang. The two cities are among China’s ten largest cities.
Archive for the ‘Jewelery’ Category
Harry Winston at the 59th Emmy Awards
On September - 16 - 2007
Caption: Rebecca Gayheart, Robert & Luciana Duvall, Marie Louise Parker
On September 16, 2007, Harry Winston celebrates the 59th Emmy Awards (Beverly Hills, CA) by offering nominated actors the longstanding tradition of wearing the world’s finest diamonds and gem stones. This year, the diamonds seen on the red carpet at the Emmy Awards include pieces from Harry Winston’s newest design Diamond de Neige, a collection inspired by the crystalline forms of winter’s first falling snow. Also debuting on the red carpet is Harry Winston Men by Thom Browne. This collection features custom cut trapezoidal diamonds set in diagonal rows to recall the classic regiment stripe that is signature of the menswear designer.
Tiffany To Open Store In Topanga Canyon, California
On September - 15 - 2007
Tiffany & Co. announced plans to open an 5,100sq-ft store in Westfield Topanga, a luxury retail center in the Topanga Canyon area of Los Angeles, California, in April 2008.
Located at 6600 Topanga Canyon Boulevard in Canoga Park, Westfield Topanga was expanded in 2006 to include more upscale retailers and amenities such as dining and entertainment. Flooded with natural light, the spacious center has become a luxury shopping destination for the San Fernando Valley and beyond.
The new store will be Tiffany’s fourth location in Los Angeles.
Source: Tiffany & Co. Press Release
De Beers to open in Moscow
On September - 15 - 2007
De Beers Diamond Jewellers, a joint venture of De Beers and LVMH Moet Hennessy Louis Vuitton formerly known as De Beers LV, is set to open a jewelry store in the GUM Russian shopping mall in Moscow (Russia) in November. De Beers’ Russian partner will manage the unit.
De Beers has approximately 23 boutiques worldwide (three in the United States, four in Europe, one in Middle East and 14 in Asia). New boutiques are set to open by the end of the year.
Tiffany reports second quarter results
On August - 30 - 2007
Tiffany & Co. reported today that its net sales increased 19% in the second quarter ended July 31, 2007, reflecting geographically broad-based growth across the U.S. and many international markets. Comparable store sales increased 17% in the U.S. and 7% (on a constant-exchange-rate basis) internationally. The strong sales growth and an improved operating margin led to a 41% increase in net earnings from continuing operations. The Company recorded an after-tax charge of $23,583,000, or $0.17 per diluted share, related to the pending sale of its Little Switzerland business.
Net sales in the second quarter rose 19% to $662m. On a constant-exchange-rate basis which excludes the effect of translating foreign-currency-denominated sales into U.S. dollars (see attached “Non-GAAP Measures” schedule), net sales increased 20% and worldwide comparable store sales increased 13%.
In the first half ended July 31, 2007, net sales increased 18% to $1,258m. On a constant-exchange-rate basis, net sales rose 17% and worldwide comparable store sales rose 11%.
Source: Tiffany & Co. Press Release
