Expect a massive decline in U.S. sales when Tiffany reports earnings Friday.
New York--Luxury retail jeweler Tiffany and Co., which recently announced a drop in sales for the third quarter, is now making plans to adjust its staffing levels in the United States.
Investors had thought Tiffany would be able to weather the downturn in the economy better than other retailers due to its affluent clientele, but the drastic job cuts on Wall Street and the hit the wealthy have taken on their investment portfolios has changed the game for the jeweler.
The IACC, the International Anti-Counterfeiting Coalition, has filed a court submission backing jeweler Tiffany appeal in its lawsuit against eBay over the sale of counterfeited goods.
* Tiffany says acquisition effective immediately * Says too early to discuss future of Lambertson boutique * Tiffany shares down 2 percent (Adds comments from Tiffany, byline) NEW YORK, May 1 - Tiffany & Co...
* Q2 EPS ex-items 39 cts, beats Wall St view by 6 cts * Sales fall 16 pct but top Street expectations * Raises FY EPS view to $1.65-$1.75 from $1.50-$1.60 * Shares up 8.7...
The jeweler with the famous blue box still meets analysts expectations even if the big picture is ugly.
* Q1 EPS $0.20; Wall Street view $0.21 * Q1 sales down 22 pct to $523.1 million * Leaves weak full-year EPS view unchanged * Shares down 3.3 percent (Adds analyst and executive comments, background;...
The famous jeweler scoops up bankrupt luxury handbag line Lambertson Truex.
* Q4 EPS $0.85 versus Wall Street view $0.78 * Q4 sales down 20 percent to $841.2 million * Assuming fiscal 2009 sales down about 11 pct * Sees 2009 EPS $1.50-$1.60 from cont. ops,...