Jul. 10, 2015, 10:41 AM
Jul. 7, 2015, 11:44 AM
- Bernstein upgrades Tiffany (TIF) to Outperform from Market Perform, pointing to an improving consumer environment and more attractive "entry point pricing" for its silver jewelry category.
- "In the long term, our outlook for the company remains positive on solid sector fundamentals, and with opportunities to evolve and reinvigorate the product assortment and the brand," the research firm said.
- The price target on the stock has been raised from $100 to $108.
Jun. 12, 2015, 5:01 PM
- Tifany (NYSE:TIF) discloses EVP Jill Beraud is leaving, effective today. Beraud was only hired last summer; at the time, Tiffany stated she would "have responsibility for Global Retail Operations including all sales channels in every region, as well as oversight of strategic store development and real estate."
- Going forward, the jewelry retailer's North American and international SVP's will directly report to CEO Frederic Cumenal; a search is ongoing for an international SVP. On an interim basis, regional heads will also directly report to Cumenal.
- Before joining Tiffany, Beraud was the CEO of hair product maker Living Proof.
Jun. 12, 2015, 9:32 AM
- Luxury retailers continue to struggle in China as consumers in the nation adjust to pricing disparities derived from currency fluctuations.
- Last year, luxury sales in China fell 11% while overseas purchases by Chinese tourists rose 9%.
- The tally for overseas purchases included the "grey market" where items are bought overseas then resold inside China.
- The trend has continued this year, despite efforts by companies to reset pricing.
- China luxury sellers: Gucci (OTC:PPRUF, OTCPK:PPRUY), Prada, Louis Vuitton (OTCPK:LVMUY), Coach (NYSE:COH), Ralph Lauren (NYSE:RL), Michael Kors (NYSE:KORS), Swatch (OTCPK:SWGAY), Burberry (OTCPK:BURBY), Tiffany (NYSE:TIF).
May 28, 2015, 9:41 AM
- Tiffany (NYSE:TIF) declares $0.40/share quarterly dividend, 5.3% increase from prior dividend of $0.38.
- Forward yield 1.7%
- Payable July 10; for shareholders of record June 22; ex-div June 18.
May 27, 2015, 12:47 PM
May 27, 2015, 9:18 AM
May 27, 2015, 8:40 AM
- Tiffany (NYSE:TIF) races ahead in early trading as underlying Q1 comps at the retailer come in stronger than anticipated.
- A shift of spending by Asian tourists to Europe contributed to a 17% comp gain in the region, while some high-end spending helped the Americas comp come in at +1% despite the strong U.S. dollar.
- The company's overall underlying comparable-store sales gain of 5% outpaced the marks put up by several of Tiffany's peers during overlapping periods.
- Previously: Tiffany beats by $0.11, beats on revenue (May. 27 2015)
- Previously: Tiffany +6% after results top expectations (May. 27 2015)
- TIF +7.21% premarket to $91.70.
May 27, 2015, 7:45 AM
- Tiffany (NYSE:TIF) reports global sales were up 1% in Q1 on a constant currency basis.
- Sales growth by region (constant currency): Americas +3%, Asia-Pacific +4%, Japan -18%, Europe +21%, Other +1%.
- Gross profit rate +90 bps to 59.1% as improved product costs factored in.
- SG&A expenses +5% Y/Y.
- Inventory -2% to $2.4B.
- The company's effective tax rate during the quarter was 34.7% vs. 35.1% a year ago.
- Guidance: Tiffany expects FY15 EPS to rise "minimally" from last year's level.
- Previously: Tiffany beats by $0.11, beats on revenue
- TIF +6.37% premarket to $90.98 after topping beaten-down expectations.
May 27, 2015, 7:01 AM
- Tiffany (NYSE:TIF): Q1 EPS of $0.81 beats by $0.11.
- Revenue of $962M (-4.8% Y/Y) beats by $43.32M.
May 26, 2015, 5:30 PM
May 26, 2015, 11:45 AM
- Talk of LVMH (OTCPK:LVMUY, OTCPK:LVMHF) making a run at Tiffany (TIF -1.6%) is likely to pick up again after Tiffany reports FQ1 earnings tomorrow, according to CTFinancialNews.
- Though Tiffany has been seen as a potential LVMH target for several years, a 20% drop in the luxury stock's share price this year makes the case for an acquisition a bit more compelling.
- Analysts expect Tiffany to report revenue of $927M and EPS of $0.69 for the F/X-challenged quarter.
Apr. 20, 2015, 12:10 PM
- Research firm Global Blue says Chinese tourists increased their luxury spending by 67% in Q1.
- High-end retailers with stores in Europe received a good portion of the sales after a weak euro attracted tourists to buy in the region over Hong Kong.
- Last year, Chinese tourists increased spending by 18%.
- A reselling trend in China has accounted for some of the brisk growth, while also pressuring prices for luxury brands in China.
- Luxury retailers: Gucci (OTC:PPRUF, OTCPK:PPRUY), Louis Vuitton (OTCPK:LVMUY), Coach (NYSE:COH), Ralph Lauren (NYSE:RL), Michael Kors (NYSE:KORS), Burberry (OTCPK:BURBY), Tiffany (NYSE:TIF), LVMH (OTCPK:LVMHF, OTCPK:LVMUY), Richemont (OTCPK:CFRUY, OTCPK:CFRHF), Remy Cointreau (OTCPK:REMYF, OTCPK:REMYY)
Apr. 14, 2015, 7:51 AM
- Luxury spending in Europe appears to be on the rise, notes retail watcher Rahul Sharma.
- The analyst notes Audi, BMW, and Mercedes-Benz all posted March sales records.
- Yesterday, LVMH (OTCPK:LVMHF, OTCPK:LVMUY) reported sales increased 16% to €8.3B $8.8B (+3% ex-currency) in Q1 off of a tough comparable period. Sales for the selective retailing category were up 20% Y/Y.
- The trend could set up well for Tiffany (NYSE:TIF), Ralph Lauren (NYSE:RL), Coach (NYSE:COH), Michael Kors (NYSE:KORS), Hermes (OTCPK:HESAF, OTCPK:HESAY), and Richemont (OTCPK:CFRUY, OTCPK:CFRHF) which have suffered a bit with Chinese tourism to Europe down.
Apr. 10, 2015, 11:55 AM
- Sales per shopper increased 5.8% Y/Y in March at retail chains, according to data from RetailNext.
- Average transaction value was up 3.5%, while the number of conversions improved by 0.9%
- Total sales were off 3.2% on a 8.2% drop in traffic amid a problematic month for weather. The tallies don't include e-commerce.
- Higher-end store chains such as Lululemon (LULU -0.5%), Tiffany (TIF +0.3%), and Williams-Sonoma (WSM +0.5%) can benefit from the trend toward highly-focused shoppers - while traffic-dependent chains such as Family Dollar (FDO +0.1%), Dollar General (DG +0.6%), and Dollar Tree (DLTR +0.4%) rely on the impulse buys churned up by increased traffic.
Apr. 6, 2015, 7:56 AM
- Monness Crespi Hardt upgrades Tiffany (NYSE:TIF) to a Buy rating from Neutral.
- Though Tiffany runs up against a tough comp in Q1 due to last year's strength in Japan and will continue to face F/X pressure, the second half of the year is setting up for stronger growth.
- The investment firm sets a price target of $103 on the retail stock.
- TIF -0.2% premarket to $86.63.
Tiffany & Co. is a holding company, which through its subsidiaries engages in jewelry merchandise. The company also sells timepieces, leather goods, sterling silverware, china, crystal, stationery, fragrances and accessories. It operates through five business segments: Americas, Asia-pacific,... More
Industry: Jewelry Stores
Country: United States
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