Tiffany sells jewelry, sterling silver, china, crystal, stationery, fragrances, personal accessories, as well as some leather goods.
Most of these products are sold under the name Tiffany at Tiffany stores and by direct mail merchandising and corporative. Tiffany is famous for its luxury items, especially for its diamonds, diamond jewelry, and especially their diamond engagement rings, Tiffany sells itself as an arbiter of taste and style.
The founders of Tiffany were Charles Lewis Tiffany and Teddy Young and it was founded in September 18, 1837.
Regarding the influence of Tiffany stores in the USA economy, in 2009 their revenue was 2.86 billion US dollars, their operating income was 375 milion US dollars, their net income was 220 million US dollars, their total assets was 3.10 billion US dollars, their total equity was 1,59 billion US dollars and in that same year (January 31, 2009) they had 9000 employees.
As the U.S. economy has stagnated since the financial crisis of 2008, seems to rich consumers are doing very well.
In its last quarterly report the company posted a 33% increase in profit to $ 90 million, or 69 cents a share. Revenue grew 30% to $ 872.7 million and comparable-store sales increased 22% sizzling. There are some pros and cons about the economical influence of the company. Although the severe global economic crisis, Tifanny´s present a big foreign influence specially in countries like China, Russia and Japan. In Japan, regardless of the strong earthquake that destroyed the country, Tiffany´s sales are 21% of the total amount of sales, globally speaking.
Despite the risk factor of dependence and competition, during the past decade, Tiffany has invested heavily in their infrastructure. This has involved gathering stronger supply agreements, as well as the implementation of the information technology systems. The company has also invested in the capital of the diamond mines for tying supplies.
.
http://www.investorplace.com/2011/08/tiffany-luxury-stocks-stocks-to-buy/
http://en.wikipedia.org/wiki/Tiffany_%26_Co.
No comments:
Post a Comment