Sunday, June 3, 2012

TIFFANY'S SET TO REGAIN ITS SPARKLE?



We'd reported approximately 3 months ago our surprise at TIFFANY's disappointing Q3 results and wondered "Where All The Holly Golightlys had gone"?

Well, Michael J. Kowalski, chairman and CEO expects the Holly Golightlys of this world to be back in force in 2012:

"Tiffany exceeded the goals that we had set at the start of 2011 for both sales and earnings growth, although we concluded the year with softer-than-expected results.  Nonetheless, we remain focused on successfully executing our long-term strategies and pursuing Tiffany's substantial global growth potential in 2012 and beyond."

Worldwide net sales rose 18% to $3.6 Billion.  As expected the area of greatest growth was in the Asia-Pacific region at 36%, followed by the US at 15%, Europe at 17% and Japan at 13%.

Tiffany's management for 2012 is positive and expects an increase of worldwide net sales by 10% primarily driven by sales in Asia-Pacific and the Americas.  Tiffany's expects to add a net of 24 Company operated stores:  9 in the Americas, 7 in Asia -Pacific and 3 in Europe as well as commencing operation of 5 stores in the UAE.

image via: www.jewellrygo.com

blog@green-pebbles.com

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Green Pebbles A Passion for Luxury Fashion and Watches: TIFFANY'S SET TO REGAIN ITS SPARKLE?

TIFFANY'S SET TO REGAIN ITS SPARKLE?



We'd reported approximately 3 months ago our surprise at TIFFANY's disappointing Q3 results and wondered "Where All The Holly Golightlys had gone"?

Well, Michael J. Kowalski, chairman and CEO expects the Holly Golightlys of this world to be back in force in 2012:

"Tiffany exceeded the goals that we had set at the start of 2011 for both sales and earnings growth, although we concluded the year with softer-than-expected results.  Nonetheless, we remain focused on successfully executing our long-term strategies and pursuing Tiffany's substantial global growth potential in 2012 and beyond."

Worldwide net sales rose 18% to $3.6 Billion.  As expected the area of greatest growth was in the Asia-Pacific region at 36%, followed by the US at 15%, Europe at 17% and Japan at 13%.

Tiffany's management for 2012 is positive and expects an increase of worldwide net sales by 10% primarily driven by sales in Asia-Pacific and the Americas.  Tiffany's expects to add a net of 24 Company operated stores:  9 in the Americas, 7 in Asia -Pacific and 3 in Europe as well as commencing operation of 5 stores in the UAE.

image via: www.jewellrygo.com

blog@green-pebbles.com

Labels: , ,