lfm01

Christian Louboutin

Tiffany Cushion has been a trouble

Internet and catalog sales in the Americas were up 8%. In terms Tiffany Frank Gehry Fish drop earrings international expansion, the company has now set its sights on India. The company, famous for its diamonds and its robin's-egg-blue boxes, has benefited from generally recovering demand for high-end goods. Tiffany shares were up 5.1% late afternoon Monday to $60.22 on the New York Stock Exchange, Tiffany Frank Gehry Fish earrings from a sell-off last week on concerns about the outlook in Japan. Tiffany is one of the first U.S. retailers to publicly discuss the financial effects of the catastrophe in Japan, which accounts for 18% of the company's sales. The jeweler said it experienced a number of closings and the result of these events and other general disruptions in Tiffany Elsa Peretti Open Heart bracelet  would affect earnings by five cents a share in the current quarter. It expects sales in Japan to fall 15% in the current quarter. "We cannot forecast for Japan for subsequent quarters, so our expectation for the second, third, and fourth continue to call for sales roughly equal to the prior year in Japan," Chief Financial Officer James Fernandez said. Tiffany Cushion has been a trouble spot for Tiffany, but the company was starting to see sales pick up until the earthquake hit.Now, the Japanese may not be eager to spend on the types of products Tiffany sells and tourism may be way down. Tiffany's sales in Japan rose 7% for the year, but all of the increase was attributable to the currency-translation effect from a more-robust yen, which was 8% stronger than the prior year. On a constant-exchange-rate basis, total Japan sales for the year declined 1% and comparable-store sales fell 4%.

Par lfm01 le jeudi 02 juin 2011

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