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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.
Aug. 27, 2014, 7:01 AM
- Tiffany (NYSE:TIF): Q2 EPS of $0.96 beats by $0.11.
- Revenue of $993M (+7.2% Y/Y) beats by $5.12M.
Aug. 26, 2014, 5:30 PM
Aug. 21, 2014, 1:44 PM
- Tiffany (NYSE:TIF) declares $0.38/share quarterly dividend, in line with previous.
- Forward yield 1.53%
- Payable Oct. 10; for shareholders of record Sept. 22; ex-div Sept. 18.
Jul. 21, 2014, 10:17 AM
May 30, 2014, 10:02 AM
May 29, 2014, 5:22 PM
- Signet Jewelers (SIG) completes its $1.46B acquisition of Zale (ZLC) after winning approval from a majority of ZLC shareholders. overcoming opposition from some major shareholders (I, II) and proxy adviser Glass Lewis.
- SIG, already the largest U.S. operator of jewelry stores before the deal, is now nearly 3x bigger than the upscale Tiffany (TIF) in terms of U.S. sales, with a 14.6% market share.
- SIG says it expects the acquisition will increase its per-share earnings in the high single-digits on a percentage basis after a year, and generate cost savings of $100M after three years.
- SIG +3.5% in today's trade.
May 22, 2014, 11:49 AM
- Tiffany & Co. (TIF) declares $0.38/share quarterly dividend, 11.8% increase from prior dividend of $0.34.
- Forward yield 1.58%
- Payable July 10; for shareholders of record June 20; ex-div June 18.
May 22, 2014, 10:41 AM
May 21, 2014, 9:10 AM
May 21, 2014, 7:24 AM
- Shares of Tiffany (TIF) jet higher in early trading after the company smashes earnings estimates with its FQ1 report.
- The company saw strength in fine and statement jewelry during the quarter and got a boost from the Atlas jewelry collection.
- Guidance for the rest of the year includes sales growth in the high single digits.
- TIF +6.0% premarket
May 21, 2014, 7:14 AM
- Tiffany (TIF) sails past the estimates of analysts with its quarterly results as global demand in the luxury sector holds up.
- Comparable-store sales rose 11% in FQ1, led by strong growth in Asia and the Americas.
- Sales growth by region: Americas +8%; Asia-Pacific +17%; Japan +20%; Europe +9%.
- Inventory was up 6.1% Y/Y and 4% Q/Q to $2.42B.
- Tiffany sets FY14 EPS guidance at $4.15-$4.25 vs. $4.05-$4.15 prior and $4.17 consensus.
May 21, 2014, 7:03 AM
- Tiffany (TIF): Q1 EPS of $0.97 beats by $0.20.
- Revenue of $1.01B (+12.8% Y/Y) beats by $54.95M.
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