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Market Update : 
Tiffany Fourth Quarter Earnings Call
Author: Albena Toncheva
123jump.com
Last Update: 4:58 AM EDT March 25 2008


The designer and retailer of fine jewelry reported revenue of $1.05 billion as against $958.9 million in the prior year. Worldwide, the firm added a net of seventeen company-operated stores and boutiques in 2007, leading to square footage increase of 9% to roughly 860,000 gross square feet. Under the strategic alliance with The Swatch Group, in fiscal 2008, Swatch will begin to manufacture Tiffany watches to expand wholesale distribution to independent watch retailers.

 

 

 

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