Instead of taking that trip to New York or purchasing items online, consumers will visit in person, Flickinger says. Having people physically in the location most likely will create traffic for surrounding stores, he says.Tiffany's is the kind of place that represents Pittsburgh's revitalization, Flickinger says. Having such a store will attract visitors to our region for more than professional sports ChronoSwiss Opus Skeleton CS-3 and business meetings, he says. They will come for the shopping, too."Just seeing the tiny blue box with the ribbon excites shoppers," he says. "Tiffany also has enough jewelry at entry-level price points in silver and gold that is reachable for the majority of Pittsburgh consumers,
from some things in the low hundreds to hundreds of thousands of dollars."Lisa Earl, Ross Park Mall manager, spent the past year preparing for many store openings, from Tiffany's this week to Michael Kors last week, to ChronoSwiss Opus Skeleton CS-5 later this month."We couldn't be more excited -- the management office, the other stores, the customers, everyone," she says. "Tiffany's is a beautiful store. It has that luxury look. It doesn't feel like a retail store. Tiffany's, along with all the other stores -- such as Nordstrom, Michael Kors and Burberry -- will give our customers one location to find everything. The face of ChronoSwiss Opus Skeleton Midsize CS-11 is forever changed."
Ross Park Mall was chosen because of its location and accessibility to many areas of the city, says Tracy Weigand, director of Tiffany & Co. Pittsburgh."I am thrilled and can't wait for the store to open," Weigand says. "This store is one ChronoSwiss Regulateur Dual Time CS-16 the best-looking stores I have ever seen. We want people to feel welcome when they come here and want to feel connected with the community of Pittsburgh."There is that special moment when the store is officially opened, and when you add the spectacular jewelry on top of it, it is a totally great experience. And we can't wait for the people of Pittsburgh to be a part of that experience."
Tiffany time line1837: On Sept. 18, Charles Lewis Tiffany and John B. Young establish Tiffany & Young, a stationery and fancy goods emporium, at 259 Broadway in New York City. Every article is marked with a non-ChronoSwiss Regulateur Dual Time CS-18 selling price, a revolutionary policy that makes headlines across the country. The first day's sales total $4.98.1848: Tiffany & Co. acquires jewels from French aristocrats fleeing political turmoil. The jewels, which mark the first appearance of major gemstones in the United States, establish Tiffany as America's leading jeweler.
1851: Tiffany purchases the ChronoSwiss Regulateur Dual Time CS-21 of prominent New York silversmith John C. Moore, marking the beginning of the company's design and silver manufacturing heritage. Tiffany becomes the first American company to use the 925/1000 sterling standard, later adopted as the U.S. Sterling Standard.1853: Charles Tiffany assumes complete control of the company, which is renamed "Tiffany & Co." A clock supported by the ChronoSwiss Regulateur Moonphase CS-17 figure of Atlas is installed over the store's main entrance.1862: Throughout the Civil War, Tiffany supplies entire regiments with swords, flags and surgical implements.
1867: At the Paris World's Fair, Tiffany & Co. becomes the first American firm to win an award for the excellence of its silverware.1871: Tiffany introduces Audubon, which would become the company's best-ChronoSwiss Regulateur Moonphase CS-19 sterling-silver flatware pattern.1878: Charles Tiffany purchases the Tiffany Diamond for $18,000. One of the world's largest and finest fancy yellow diamonds, the 287.42-carat stone is cut to 128.54 carats.1885: Tiffany & Co. revises the Great Seal of the United States, still in use on the U.S. one-dollar bill.1886: The company introduces the Tiffany setting, which still is one of the most popular engagement ring styles in the world.
Pedersen was also impressed with how Dettori decreased the subsidy."Because of the downsizing of the population at Tiffany & Co., we have seen an effect on our dining sendees, causing a reduction in customer counts," Pedersen says. "ChronoSwiss Regulateur Moonphase CS-20 redesigning our menus, combo deals being offered, cross-training our team members and watching overall costs, John greatly helped in the reduction in subsidy."Serving satisfies: Dettori says customer service comes naturally to him because of his many jobs in the service industry. He looks at mentoring as just another way he can provide service to a different customer: his staff.
"I just show the less experienced staff proper cooking techniques such as proper knife skills," Dettori says. "It's nothing formal. I hire people that I know have ability and then I'll push them as far as I can. ChronoSwiss Regulateur Moonphase CS-22 here was trained before I got here, but I have taught chefs how to do some manager's skills as well, which is not always so easy with someone from the kitchen. I really enjoy that. I think these days people are afraid to ChronoSwiss Time Master CS-15 colleagues skills for fear of them taking their jobs. IfI teach my staff then they will have the knowledge and the capability to move up."
This love of mentoring plays into Dettori's management philosophy."My management philosophy is to let people do their jobs," Dettori says. '*I hire them to do a job and I let them do it. I can guide them and show them what I ChronoSwiss TimeMaster 24H CS-23 is most important, which is customer service and really good food, but if they're not on board with that, they aren't going to be as successful. I'm veiy fortunate that in all three locations I'm working with people who have been with the company for a long time; they have that Lackmann philosophy of outstanding customer service."
Another successful aspect of Dettori's focus on customer service is his promotions. Daily promotions such as noodle bowls, and themed days such as a Feast of San Gennaro have been very popular."Our biggest promotion ChronoSwiss Timemaster Automatic CS-9 our monthly raffle," Dettori says. "If a customer spends $5, they get a ticket. They can get as many tickets as possible and at the end of the month we have a drawing and they can win anything from a bicycle to an iPod. It's interesting because it's hard to do that type of stuff in the city because those customers are looking for a more relaxing atmosphere. So we try to cater our promotions to each location."
Pedersen says Dettori's customer service-oriented attitude is what really makes him a success."Whenever there are issues, problems or concerns John is always the first to volunteer to assist and resolve the ChronoSwiss TimeMaster Calendar CS-14 quickly," Pedersen says. "He works extremely hard to make sure his clients receive the special attention that they deseive. On a daily basis John is always working one on one with his front- and backof-the-house ChronoSwiss Timemaster for Lefthanders CS-8 members, training them and bringing them up to the next level in which they can grow within our company. Our Tiffany & Co. clients are very excited about having John operate their dining services. The guest survey scores have gone up and the atmosphere of the dining experience has been nothing but extraordinary."
TIF today approved a change in the Company's dividend policy whereby the regular quarterly dividend rate will be increased, effective with the next payment in April, to 20 cents per share on its Common Stock from the current 17 cents ChronoSwiss Wristmaster CS-7 share, an increase of 18%.The Board of Directors of Tiffany & Co. (NYSE: TIF) today approved a change in the Company's dividend policy whereby the regular quarterly dividend rate will be increased, effective with the next payment in April, to 20 cents per share on its Common Stock from the current 17 cents per share, an increase of 18%.
For full daily stock changes and more financial news, seeWWD.com/business-news.An 11 percent increase in same-store sales helped Tiffany & Co.'s fourth-quarter earnings bounce back to the high end of its own projections, replica Rolex Datejust Ladies watch rrx0904215 the jewelry retailer fell short of Wall Street's expectations.In the three months ended Jan. 31, the New York-based firm logged net income of $140.4 million, or $1.10 a diluted share, more than quadrupling the year-ago mark of $31.1 million, or 25 cents. The 2008 figure included charges for restructuring and other purposes which reduced EPS by 56 cents.
Rising Sales Boost Earnings at TiffanyAn 11 replica Rolex Datejust Ladies watch rrx0904216 increase in same-store sales helped Tiffany & Co.'s fourth-quarter earnings bounce back to the high end of its own projections, but the jewelry retailer fell short of Wall Street's expectations.In the three months ended Jan. 31, the New York-based firm logged net income of $140.4 million, or $1.10 a diluted share, more than quadrupling the year-ago mark of $31.1 million, or 25 cents. The 2008 replica Rolex Datejust Ladies watch rrx0904217 included charges for restructuring and other purposes which reduced EPS by 56 cents.
The profit profile matched the high end of projections lifted by Tiffany when it reported a 17 percent increase in year-over-year holiday sales on Jan. 12, but EPS for continuing operations of $1.09 fell 4 cents short of the $1.13 analysts, replica Rolex Datejust Ladies watch rrx0904218 average, had expected. EPS for 2010 was projected at $2.45 to $2.50, 2 cents to 7 cents higher than the consensus estimate of analysts prior to the report.After spending much of the day in negative territory, shares closed at $47.41, up 16 cents, or 0.3 percent, before turning lower in after-hours trading.
Net sales rose 17.2 percent to $981.4 million from $837.6 million. As has often been the case among luxury retailers in recent months, revenues failed to match levels from the final quarter of 2008, when Tiffany registered $1.replica Rolex Datejust Ladies watch rrx0904215 billion in net sales. Eliminating the positive effect of currency fluctuation, comparable-store sales rose 8 percent during the quarter, with U.S. comps up 11 percent and, adjusted for currency effects, Europe up 14 percent and Asia-Pacific up 3 percent as a 9 percent decline in Japan was more than offset by a 24 percent boom in other parts of the region.
Net sales were up 14 percent in the Americas to $523.5 million, up 14 replica Rolex Datejust Ladies watch rrx0904216 in Asia-Pacific to $318 million and up 29 percent in Europe to $311.8 million. Gross margin contracted to 58.7 percent of sales from 59.4 percent a year ago, principally because of increased wholesale trade in rough diamonds at little or no profit.Mark Aron, vice president of investor relations, said on the company conference call that sales in the New replica Rolex Datejust Ladies watch rrx0904217 flagship rose 22 percent, and 19 percent in the New York territory, in the quarter. Although the flagship's volume was down 15 percent for the year,
and its share of worldwide sales fell to 9 percent last year from 10 percent in 2008, sales per square foot finished at $5,500.Aron told WWD the company remains firm in its belief that the U.S. market could support 150 stores, versus the replica Rolex Datejust Ladies watch rrx0904218 count of 79 among its 220 total, and that its typical footprint moving forward will be about 3,700 square feet. We tested a 2,500-square-foot model that didn't have engagement jewelry, but we quickly learned that a Tiffany without engagement jewelry wasn't acceptable to our customers, he said.