Jan. 12, 2015, 9:14 AM
Jan. 12, 2015, 7:16 AM
- Tiffany (NYSE:TIF) reports holiday comparable-store sales fell 4%.
- The comp was negative across all regions except Asia-Pacific which saw a 3% gain.
- Total sales fell 1% to $1.02B for the period.
- The company says it sees full-year EPS of $4.15-$4.20 vs. $4.20-$4.30 prior guidance and $4.32 consensus.
Jan. 9, 2015, 11:04 AM
- Another tough day for luxury retail stocks as more concerns on pricing trends build up.
- Consulting firm Bain isn't helping sentiment, noting the luxury sector in China showed negative growth (-1%) for the first time in 2014. An ongoing crackdown by Beijing on corruption is in the background.
- Michael Kors (KORS -1.7%), Ralph Lauren (RL -2%), Kate Spade (KATE -3.2%), Fossil (FOSL -1%), Vera Bradley (VRA -2%), and Coach (COH -2.2%) are all under-performing market averages.
- Related stocks: OTCPK:LVMUY, OTC:GUCG, OTCPK:SWGAY, OTCPK:BURBY, EL, RDEN, OTCPK:HESAF, OTCPK:CFRUY, TIF.
- Related ETFs: PEJ.
Dec. 23, 2014, 2:59 PM
- The strong reads on consumer spending (ICSC, Redbook) bode well for Q4 earnings in the retail sector, note analysts.
- Electronics sellers (BBY, HGG) and the luxury sector (RL, TIF, COH, KORS, KATE, FOSL, VRA) are viewed as being in a good position to see a December boost.
- Companies which eased off on pulling a bulk of their sales forward with Black Friday/Cyber Monday deals are also seen as potential winners with sub-$2 gas resetting some holiday budgets.
- Though e-commerce is expected to dazzle again this holiday season. It's not all fun and games for analysts looking at margins. The extension by Amazon (AMZN -0.1%) of its free shipping offer could be a signal that inventory levels are higher than anticipated and that the growth-at-all-costs mentality at the company is as entrenched as ever, notes Nasdaq Advisory Services.
- The S&P Retail ETF (NYSEARCA:XRT) has doubled up the return of the S&P 500 over the last 3 months, 10.8% vs. 5.1%.
- Previously: Retail trends to watch: Athleisure, P-E buyouts, and new online channels (Dec. 20 2014)
- Related ETFs: XLP, XLY, VDC,VCR, RTH, RETL, FXG, PBJ, IYK, PEJ, FXD, IYC, FDIS, RHS, SCC, FSTA, UCC, PMR, PSL, UGE, RCD, PEZ, PSCC, PSCD, SZK
Dec. 19, 2014, 1:29 PM
- Analysts expect a mixed holiday season for the retail sector in Hong Kong.
- While mass market retail is forecast to hold up with the level of demonstrations in the region moderating, there's some concerns on the luxury sector.
- The corruption crackdown by Beijing and the weak Yen are two potential drags on tourist traffic.
- Consumer confidence on the high end has also been weakening.
- What to watch: The critical Chinese New Year begins in February giving the luxury sector scant time for the environment to improve.
- Luxury sellers in HK: Gucci (OTC:GUCG), Prada, Louis Vuitton (OTCPK:LVMUY), Coach (NYSE:COH), Ralph Lauren (NYSE:RL), Michael Kors (NYSE:KORS), Swatch (OTCPK:SWGAY), Burberry (OTCPK:BURBY), and Tiffany (NYSE:TIF).
Nov. 25, 2014, 7:16 AM
- Tiffany (NYSE:TIF) reports comparable-store sales rose 6% in Q3.
- Geographic revenue growth: Americas +10% to $459M (US +11%), Asia-Pacific +2% to $243M, Japan -12% to $113M, Europe +9% to $114M, Other +28% to $30M.
- Gross margin +295 bps to 59.5% on lower product costs and a higher mix of jewelry.
- Operating margin +70 bps to 17.6%.
- Inventory +6% to $2.6B.
- TIF -1.7% after the company missed the lofty estimates of analysts.
Nov. 25, 2014, 7:02 AM
- Tiffany (NYSE:TIF): Q3 EPS of $0.76 misses by $0.01.
- Revenue of $959.59M (+5.3% Y/Y) misses by $10.43M.
Nov. 24, 2014, 5:30 PM
Nov. 20, 2014, 1:27 PM
- Tiffany (NYSE:TIF) declares $0.38/share quarterly dividend, in line with previous.
- Forward yield 1.46%
- Payable Jan 12; for shareholders of record Dec. 22; ex-div Dec. 18.
Sep. 29, 2014, 5:01 PM
Sep. 24, 2014, 8:13 AM
- Retail sales could increase by 4.5% to $986B this holiday season on an improved macroeconomic backdrop, forecasts Deloitte Touche.
- The mark would easily top last year's 2.8% rise.
- Online sales are tipped to rise by 14%.
- Promotional activity across broad retail has been dialed back a touch during the back-to-school season, but is still a risk to margins heading into the crucial shopping period.
- What to watch: This holiday season could be an operational pressure cooker for UPS (NYSE:UPS) and FedEx (NYSE:FDX) with demand expected to be high.
- Related stocks: AAP, AEO, ANF, BBBY, BBY, BJ, CHS, COH, COST, DG, FDO, FL, GPS, JCP, JNY, JWN, KSS, LB, LULU, M, NDN, PIR, RL, TGT, TIF, TJX, UA, URBN, VFC, WMT, ZLC, PERY, SQBG, VNCE, KORS, GIII, KATE, GIL, VRA, ICON, PSMT, AMZN.
- Related ETFs: XLY, XRT, VCR, RTH, RETL, IYK, FXD, FDIS, PMR, UGE, RCD, SZK
Sep. 22, 2014, 9:02 AM
- Tiffany (NYSE:TIF) announces it will sell $500M worth of senior notes due in 2024 and 2044.
- The company plans to use the proceeds to pay off outstanding higher-interest issues.
Sep. 9, 2014, 9:23 AM
- A large patch of the retail sector will have their ears perked up this afternoon to see what Apple (NASDAQ:AAPL) delivers up with its iWatch announcement or teaser.
- Though the company's entry into wearable technology is considered nearly a certainty, the unknown variable is if the product will end up falling under the "gadget" category or be another Apple device revolution.
- Computerworld's Mike Egan is in the latter camp: "The iWatch should be most comparable to the Mac and the iPhone, Apple's two most stunning revolution."
- Forrester Research isn't waiting for details, forecasting 10M iWatch sales by 2016 - a mark which could dent demand for high-end watches.
- Showtime is 1:00 pm ET. (webcast)
- Luxury watchmakers: Movado (NYSE:MOV), Fossil (NASDAQ:FOSL), Swatch (OTCPK:SWGAY), Tiffany (NYSE:TIF), Richemont (OTCPK:CFRUY), LVMH Moet Hennessy (OTCPK:LVMHF), Hermes (OTCPK:HESAF)
- Wearable technology players: Sony (NYSE:SNE), Nike (NYSE:NKE), Samsung (OTC:SSNLF, OTC:SSNGY), Garmin (NASDAQ:GRMN), Basis (NASDAQ:INTC), Fitbit, Jawbone, Adidas (OTCQX:ADDYY), Under Armour (NYSE:UA).
Aug. 29, 2014, 7:12 AM
- The luxury group continues to show sizzling sales growth, aided by the price increases high-end sellers have pushed through to consumers.
- SA contributor Valuentum thinks the luxury space will remain resilient due to the brand equity and pricing power in the sector.
- Though Tiffany (NYSE:TIF) impressed with its smashing Q2 earnings report, Valuentum sees more value in aspirational handbag maker Coach (NYSE:COH) with its strong financial position and potential to turn around its North American business.
- Valuentum interview on CNBC
- Related stocks: KORS, OTCPK:LVMUY, OTC:GUCG, OTCPK:BURBY, OTCPK:CFRUY, OTCPK:LVMUY.
Aug. 28, 2014, 10:23 AM| Aug. 28, 2014, 10:23 AM
Aug. 27, 2014, 7:11 AM
- Tiffany (NYSE:TIF) reports comparable-store sales rose 3% in Q2.
- Revenue growth: Americas +9% to $484M; Asia-Pacific +14% to $237M; Europe +8% to $120M; Japan -13% to $119M.
- Gross margin rate +80 bps to 59.9% on higher pricing.
- Operating margin +10 bps to 21.0%.
- Inventory +9% to $2.5B.
- The luxury retailer boosts FY2014 EPS guidance to $4.20-$4.30 vs. $4.15-$4.25 prior and $4.28 consensus.
- TIF +3.2% premarket.
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
Other News & PR