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Company Profile

Tiffany & Co. is a holding company that operates through its subsidiary companies (the “Company”). The Company’s principal subsidiary, Tiffany and Company, is a jeweler and specialty retailer, whose merchandise offerings include an extensive selection of jewelry (92% of worldwide net sales in fiscal 2016), as well as timepieces, sterling silverware, china, crystal, stationery, fragrances and accessories. Through Tiffany and Company and other subsidiaries, the Company is engaged in product design, manufacturing and retailing activities.

Tiffany was founded in 1837 when Charles Lewis Tiffany opened a store in downtown Manhattan. Today, more than 300 TIFFANY & CO. stores serve customers around the world.

The Company’s operating segments are as follows: the Americas region (46% of worldwide net sales in 2016) includes sales transacted in TIFFANY & CO. stores in the United States, Canada, Mexico, Brazil and Chile, as well as sales of TIFFANY & CO. products in certain of those markets through Internet, catalog, business-to-business and wholesale operations; the Asia-Pacific region (25% in 2016) consists of sales transacted in TIFFANY & CO. locations in Australia, China, Hong Kong, Korea, Macau, Malaysia, New Zealand, Singapore, Taiwan and Thailand, as well as sales of TIFFANY & CO. products in certain of those markets through Internet, and wholesale operations; Japan (15% in 2016) consists of sales transacted in Japanese department stores and in freestanding stores, as well as sales of TIFFANY & CO. products through Internet, business-to-business and wholesale operations; and Europe (11% in 2016) consists of sales transacted in TIFFANY & CO. stores in Austria, Belgium, the Czech Republic, France, Germany, Ireland, Italy, the Netherlands, Russia, Spain, Switzerland, and the United Kingdom, as well as sales of TIFFANY & CO. products in certain of those markets through Internet operations. Other (3% in 2016) consist of retail sales transacted in Tiffany & Co. stores in the United Arab Emirates, wholesales sales of TIFFANY & CO. merchandise to independent distributors for resale in certain markets and wholesale sales of diamonds obtained through bulk purchases that are subsequently deemed not suitable for Tiffany’s needs, as well as earnings received from a licensing agreement.

The Company’s key strategies are:

  • To enhance the customer experience through engaging service and store environments.
  • To regularly develop and introduce new products.
  • To enhance customer awareness of the TIFFANY & CO. trademark (the “Brand”), its heritage, its products and its association with quality and luxury.
  • To expand and optimize its global distribution base.
  • To improve its business operations and processes, while efficiently managing its capital and costs.
  • To maintain substantial control over product supply through direct diamond sourcing and internal jewelry manufacturing.

Through the efforts above, management is committed to the following long-term financial objectives:

  • To achieve improved operating margins, through both improved gross margin and efficient expense management.
  • To increase store productivity and profitability.
  • To improve inventory and other asset productivity and cash flow.
  • To maintain a capital structure that provides financial strength and the ability to invest in strategic initiatives, while also allowing for the return of excess capital to shareholders.

The Company’s shares are traded on The New York Stock Exchange with the symbol TIF. Headquartered in New York, Tiffany has 11,900 employees around the world.

Stock Information
$97.04   - 0.73
Mar 21, 2018
4:00 PM ET
Quotes delayed at least 20 minutes.
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