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4-Traders Homepage  >  Equities  >  Nyse  >  Tiffany & Co.    TIF

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TIFFANY + CO. : Tiffany & Co. to Open a Store in SoHo in 2012

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09/15/2011 | 07:20pm CET

Tiffany & Co. (NYSE: TIF) today announced plans to open a store in New York's SoHo, in September 2012. The approximately 7,000-square-foot store will occupy a floor-through space that combines two locations--97 Greene Street and 106 Wooster Street--in the heart of the SoHo-Cast Iron Historic District.

The 2012 opening corresponds to Tiffany's 175th anniversary of its founding on Lower Broadway, which was followed by a move to Broadway at Prince Street, in the 1850s. "Opening a store in the neighborhood where Charles Lewis Tiffany developed his growing enterprise is a wonderful way to celebrate our anniversary," said Beth O. Canavan, executive vice president of Tiffany & Co. "Since we were last in SoHo, Tiffany has circled the globe, creating a style that is legendary. We're thrilled to return to build an elegant new store that is truly home to Tiffany's great heritage."

Tiffany's new SoHo store will be the jeweler's third location in New York City.

Tiffany & Co. operates jewelry stores and manufactures products through its subsidiary corporations. Its principal subsidiary is Tiffany and Company. The Company operates TIFFANY & CO. retail stores and boutiques in the Americas, Asia-Pacific, Japan and Europe and engages in direct selling through Internet, catalogue and business gift operations. For additional information, please visit tiffany.com or call the shareholder information line at 800-TIF-0110.

TIFFANY, TIFFANY & CO. and T&CO. are trademarks of Tiffany and Company and its affiliates.

Tiffany & Co.
Linda Buckley, 212-277-5900
linda.buckley@tiffany.com
or
Carson Glover, 212-277-5917
carson.glover@tiffany.com


© Business Wire 2011
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Financials ($)
Sales 2017 3 994 M
EBIT 2017 744 M
Net income 2017 459 M
Debt 2017 175 M
Yield 2017 2,18%
P/E ratio 2017 21,50
P/E ratio 2018 19,94
EV / Sales 2017 2,50x
EV / Sales 2018 2,43x
Capitalization 9 800 M
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Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 84,4 $
Spread / Average Target 7,2%
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NameTitle
Frederic P. Cumenal Chief Executive Officer & Director
Michael Joseph Kowalski Non-Executive Chairman
John S. Petterson Senior VP-Global Operations & Customer Services
Mark J. Erceg Chief Financial Officer & Executive Vice President
Rose Marie Bravo Independent Director
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