March 12, 2009 |
Luxury jeweler Tiffany & Co. said it would close its unprofitable Iridesse pearl jewelry chain, partly because the recession had stifled demand. Tiffany spokesman Mark Aaron said Iridesse hadn't been profitable since it opened in 2004 and generated less than 1% of Tiffany's annual total revenue. "The economy was the last straw," he said. Aaron said Iridesse stores would start closing after Tiffany reached termination agreements with its landlords and sold off inventory. There are 16 Iridesse stores nationwide, including two in Southern California.
February 8, 2009 |
Once, the greatest part of Valentine's Day was receiving a Looney Tunes card from a classmate that had perforated edges and said "You're Tweet!" Cheap, sweet and chosen to evoke a smile, it was casual. Fun. The opposite of a cheesy, dutiful box of chocolates or an embarrassing clutch of ill-chosen lingerie -- the grown-up stuff that came later. The best gifts, on Valentine's Day as always, are the ones that say, in a relaxed way, "I really know what you like."
November 27, 2008 |
Tiffany & Co. on Wednesday reported third-quarter earnings that topped Wall Street expectations, but the luxury goods retailer warned of job cuts and lowered its 2008 outlook as consumers scale back on spending amid a tough economy. Tighter credit and widespread layoffs have caused many consumers to cut back on nonessentials, and the forecast is gloomy for retail's crucial holiday shopping season. Tiffany's strong international sales had typically helped offset recent weakness in the U.S.
July 15, 2008 |
EBay Inc. scored an important victory in court Monday as a federal judge said companies such as jeweler Tiffany & Co., not auction platforms like EBay, are responsible for policing their trademarks online. Tiffany had sued EBay in 2004, arguing that most items listed for sale as genuine Tiffany products on EBay's sites were fakes. But U.S. District Judge Richard J. Sullivan in New York ruled that EBay couldn't be held liable for trademark infringement "based solely on their generalized knowledge that trademark infringement might be occurring on their websites."
May 31, 2008 |
Tiffany & Co. reported Friday that strong growth in the Asia-Pacific and European markets helped first-quarter profit rise 19% and said that it didn't expect an improvement in the U.S. until later this year. The New York-based jewelry retailer also raised its profit outlook for the year, based on a promising start, and said that it would open a smaller-store format in the U.S. as part of its worldwide expansion plans. Tiffany said profit totaled $64.
April 27, 2008 |
If you need proof that the old rules of man bling are dead, look no further than the recent dinner GQ magazine held in Beverly Hills for designer Scott Sternberg. Host Jason Schwartzman sported a silver beetle lapel pin with a spot of turquoise that perfectly complemented the shade of his Band of Outsiders suit. A few tables over, a fellow let his French cuffs flap free while his beefy neck supported a chunky sterling silver Chrome Hearts cross.
March 25, 2008 |
Tiffany & Co. on Monday said its fourth-quarter earnings fell almost 16%, hurt by one-time charges, but the jewelry retailer's adjusted results still beat analyst expectations. Tiffany earned $118.3 million, or 89 cents a share, in the quarter ended Jan. 31, down from $140.5 million, or $1.02, a year ago. Excluding one-time charges, profit was $1.27 a share, above the $1.21 analysts surveyed by Thomson Financial expected.
February 29, 2008 |
The blue box is shrinking. Tiffany & Co. will test a new concept in Glendale this fall with its first smaller-scale store, the high-end jeweler said Thursday. The 2,600-square-foot space -- Tiffany's 46 existing stores average 7,100 square feet -- will open in October in the Americana at Brand, a retail and residential center under construction across from the Glendale Galleria shopping mall. If the smaller-store concept succeeds, it could give Tiffany an opportunity to expand its U.S.
February 12, 2008 |
Environmentalists want you to buy organic roses, and human rights groups tout conflict-free diamonds. Now, just in time for Valentine's Day, jewelry retailers are stepping up a campaign that aims to discourage the mining and sale of "dirty gold." A group of prominent jewelers including Tiffany & Co.