×
84 552
Fashion Jobs
L'OREAL GROUP
Ecommerce Director
Permanent · Saint Petersburg
COTY
Director, Finance - cb Sales
Permanent · New York
OLD NAVY
Site Merchandising Manager - Old Navy Online
Permanent · San Francisco
NIKE
Senior Manager - Finance Engineering & Automation
Permanent · Beaverton
JCPENNEY
Email Marketing Senior Manager
Permanent · Plano
LEVI'S
Global Raw Material Planner
Permanent · San Francisco
NORDSTROM
Asset Protection - Agent - Tacoma Mall
Permanent · Tacoma
SHISEIDO
Sales & Training Executive, San Francisco - Nars
Permanent · San Francisco
ROSS STORES
Store Protection Specialist
Permanent · Grand Prairie
PUMA
av Specialist, IT Service Desk
Permanent · Somerville
PUMA
Key Account Manager, Sporting Goods
Permanent · Somerville
BLOOMINGDALE'S
Asset Protection Outlet Associate, Part Time: Outlets at Orange
Permanent · Orange
TAPESTRY
Senior Manager, Human Resources (People Partner)
Permanent · New York
TAPESTRY
Analyst, Trade Compliance
Permanent · Jacksonville
ESTÉE LAUDER
Clinique Consultant - 37.5 Hrs - Macys - South Portland, me
Permanent · South Portland
ESTÉE LAUDER
Associate Consultant - Clinique - Part Time - Macys Tysons Corner - Mclean, va
Permanent · McLean
ESTÉE LAUDER
Business Manager - Clinique - Full Time - Dillards - Temple, tx
Permanent · Temple
ABERCROMBIE AND FITCH CO.
IT Service Desk Specialist
Permanent · Columbus
ATHLETA
Senior Analyst, Divisional & Control Finance, Athleta
Permanent · San Francisco
GAP
Asset Protection Service Representative - Jersey Gardens
Permanent · Elizabeth
OLD NAVY
Assistant General Manager ne - Shop @ Perry Crossng
Permanent · Plainfield
OLD NAVY
General Manager - Freehold
Permanent · Freehold Township
By
Reuters
Published
Jun 10, 2009
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Tiffany seeks US sales lift to mark improvement

By
Reuters
Published
Jun 10, 2009

By Aarthi Sivaraman

NEW YORK (Reuters) - Upscale jeweler Tiffany & Co (TIF.N) would have to see at least a five percentage point improvement in U.S. same-store sales in order to call business better, as jewelry remains one of the trickiest things to sell in the recession.


Tiffany pendants

Speaking at the Reuters Global Luxury Summit in New York, Tiffany Chief Executive Michael Kowalski said that he has not seen any "game changer" so far in any of its markets.

When asked what the company needs to see to call business better, Kowalski said: "I would say a trend that represents a 5 percentage point comp movement" in the United States.

"If comps went from minus 25 (percent) to minus 15 (percent), we would say that's significant," Kowalski said, pointing to the U.S. market. "We haven't seen that yet."

New York-based Tiffany, known for its blue boxes and flagship store in Manhattan, has faced a huge sales drop recently, as many other luxury retailers have, in the economic slump.

Mounting job losses, tight credit access and the turbulence in stock markets have made matters worse for even affluent consumers. More shoppers are trying to haggle for lower prices at Tiffany stores now, Kowalski said.

Tiffany has vowed that it will not discount its jewelry, as it tries to protect its luxury brand image.

(Reporting by Aarthi Sivaraman; editing by Carol Bishopric)

© Thomson Reuters 2022 All rights reserved.