Tiffany & Co. (TIF) is an
international jewelry retailer that deals mainly in branded jewelry, but
also sells diamonds and luxury goods like timepieces, china, crystal,
stationery, fragrances as well as leather and silver goods. The company
generates almost 90% of its revenues from jewelry sales and 8% from
watches, leather goods, fragrances, stationery and other accessories.
Tiffany has a strong presence in the
Americas, Asia-Pacific and Europe. The US is the most important region
for the luxury goods retailer, with 115 out of its 275 stores located in
the country. US stores contributed 48%, and its flagship store in New
York alone contributed 8% to its net worldwide sales in 2012.
Since 2007, however, the US market has slowed down for Tiffany as growth
rate has fallen below 1%. Meanwhile, Asia-Pacific and Europe are
growing geographical regions in terms of revenue, with historic
five-year Compound Annual Growth Rates (CAGR) of 11% and 12%
respectively. Read more.
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