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Tiffany & Co – The Ultimate Hub of Stylish Luxury Jewelry and Accessories
The Tiffany & Co. brand (the “Brand”) is the single most important asset of Tiffany and, indirectly, of the Company. The strength of the Brand goes beyond its trademark rights as it considers consumer perceptions for product enhancement. Management monitors the strength of the brand through focus groups and survey research. Tiffany & Co. rankings S&P 500 number 582 in Fortune 1000 (June 2016).
Today, more than 300 Tiffany & Co. stores serve customers around the world. The Company’s shares are traded on The New York Stock Exchange with the symbol TIF. Headquartered in New York, Tiffany has 12,200 employees around the world. Tiffany & Co. is a holding company, which through its subsidiaries engages in jewellery merchandise. The company also sells timepieces, leather goods, sterling silverware, china, crystal, stationery, fragrances and accessories.
Its current market value
At January 31, 2016, total unrecognized tax benefits were $10.2 million of which approximately $9.1 million, if recognized, would affect the effective income tax rate. In 2015, the Company recorded impairment charges totaling $37.9 million. The Company did not record any material impairment charges in 2014 or 2013. Also, the Company has other available letters of credit and financial guarantees of $75.0 million of which $26.6 million was outstanding on January 31, 2016.
For the fiscal year ending January 31, 2017, management is forecasting full year earnings per diluted share will range from unchanged to a mid-single-digit decline compared with 2015’s $3.83 per diluted share. Worldwide net sales on a constant-exchange-rate basis are increasing by a low-single-digit percentage, but approximately equal to the prior year when translated into U.S. dollars. Increasing worldwide gross retail square footage by 2%, net through 11 store openings, six relocations and nine closings. The Tiffany net sales or revenue is 4.1B, which is expected to increase in the next quarters owing to its thriving financial record in the previous years.
How it originated?
The 1830s in New York City were a time of dynamic growth and the golden opportunity for anyone with a little capital and an abundance of imagination. In 1837 New York became the proving ground for 25-year-old Charles Lewis Tiffany and John B. Young, who opened a “stationery and fancy goods” store with a $1,000 advance from Tiffany’s father.
On their way to the new emporium at 259 Broadway, fashionable ladies in silks, satins and beribboned bonnets faced a gauntlet of narrow streets teeming with horses and carriages. At Tiffany & Co. discovered a newly emerging “American style” that departed from the European design aesthetic, which was rooted in ceremonial patterns and the Victorian era’s mannered opulence.
How it functions?
The company is committed to growing sales per square foot by increasing consumer traffic, and the percentage of store visitors who make a purchase, through targeted advertising, ongoing sales training and customer-focused initiatives. At January 31, 2016, and 2015, the fair values of the Company’s outstanding foreign exchange forwards were net liabilities of $0.9 million and net assets of $20.1 million, respectively. At January 31, 2016, 10% depreciation in the hedged foreign exchange rates from the prevailing market rates would have resulted in liability with a fair value of approximately $40.0 million. Tiffany sells jewelry, sterling silver, china, crystal, stationery, fragrances, water bottles, watches, personal accessories, as well as some leather goods. Tiffany is renowned for its luxury goods and is particularly known for its diamond jewelry.
The company is a budding field of investment for the interested ones considering its increasing worth. People willing to invest in Tiffany & Co. may hence get sizable returns in the coming times.
Tiffany & Co Properties For Sale Across the United States :
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Virgin Islands, Washington, West Virginia, Wisconsin, Wyoming