Minnesota State Senator Satveer Chaudhary (D-Fridley), said he received racially motivated hate mail and a death threat in an anonymous letter.In a press release the Senator's office at the State Tiffany Earring for sale said it recently received a letter sent under a false name questioning his legislative record, attacking his family's Indian-American heritage and making a crude death threat.The letter, which is being investigated by State Qipitol Security, the Minnesota State Patrol and the Fridley Police Department, was written using recent advertisements placed by opponents of marriage law amendments."My conscience and my principles are strengthened in the face of such cowardly behavior," said Sen. Chaudhary, who has spoken for equal rights for gays."The disturbing pan of this story for me is the fact that anti-gay groups, such as the ones placing these advertisements, have decided to use hate speech as a political tool to divide Minnesotans," Chaudhary asserted.The letter asked if Sen. Chaudhary spent his rime at the Capitol, "earing curry all day," and included a photo of the senator with what appears to be a bullet hole drawn on his forehead. The letter included a return address and name that was investigated by Capitol security and determined to be false, the release said."It is my hope that Minnesotans will reject these blatant attempts to drive a wedge between the people of our state and not sink to their level of discourse," Sen. Chaudhary said.n a clinical trial of over 48,000 post-menopausal women, a low-fat Tiffany Key Ring for sale that includes increased consumption of fruits, vegetables, and whole grains is not associated with weight gain, according to a new study.In the study, researchers examined long-term data on the relationships between weight changes and specific changes in dietary components and macronutrient composition. The data were from a study that was designed to examine the long-term benefits and risks of a dietary pattern low in fat, with increased vegetable, fruit and grain intake, on breast and colorectal cancers and cardiovascular disease in postmenopausal women.
Between 1993 and 1998, 48,835 post-menopausal women were randomly assigned to either a low-fat dietary intervention or self-selected dietary control group.The data included body measurements and nutrient data through August 31,2004, with an average follow-up of 7.5 years.Forty per cent of the participants were randomised to the intervention and 60 per cent to a control group.The intervention included group and individual sessions to promote a decrease in fat intake and increases in vegetable, fruit and grain consumption and did not include weight loss or caloric restriction goals. The control group received diet-related education materials.Employee-centric television ads are an ongoing effort by Wal-Mart to shape its image as earing employer, not just discounter. Wal-Mart has come under fire thanks to a flurry of labor lawsuits and a public Tiffany Key for sale that it offers subpar jobs. Wal-Mart's national ads featuring workers singing the praises of its benefits and promotion practices are a large-scale example of what is becoming a marketing phenomenon in the business world. Firms of all sizes are turning to their own employees to become company spokesmen, touting not only the products and services they sell, but the glories of their jobs. The practice is seen as everything from a morale booster to a recruitment tool. In the case of Wal-Mart, it's a way to buoy a battered image. Some image experts believe these ads are a good way to create good will among the rank and file.In another TV ad, a woman who is a general transportation manager at Wal-Mart says, "If you're willing to develop yourself, the opportunity is going to be out there for you to grow in your career."
The commercials, part of a series of employee-centric ads that began airing in late 2003, are an ongoing effort by Wal-Mart to shape its image as earing employer, not just discounter.Wal-Mart has come under fire thanks to a Hurry of labor lawsuits and a public perception that it offers subpar jobs. "We found that there were misconceptions out there, and when presented with the tacts, people change their opinions," says Tara Stewart, a Wal-Mart spokeswoman.Wal-Mart's national ads featuring workers singing the praises of its benefits and promotion practices are a large-scale example of what is Tiffany Money Clip for sale a marketing phenomenon in the business world.Firms of all sizes are turning to their own employees to become company spokesmen, touting not only the products and services they sell, but the glories of their jobs. The practice is seen as everything from a morale booster to a recruitment tool. In the case of Wal-Mart, it's a way to buoy a battered image.Such ads can circumvent negative employee morale, preventing gossip and innuendo during challenging times, says Allan Steinmetz, CEO of Inward Strategic Consulting Inc. in Newton, Massachusetts.At Wal-Mart, he says, "they are putting out the facts about their HR policies. And it's a good external marketing tool. People want to shop in a place where they think people are being taken care of, while at the same time bringing you good will among your own employees."
European jewelry brands are also taking advantage of changing bridal customs in their home countries. Van Cleef & Arpels, which also belongs to Compagnie Financiere Richemont, this year Tiffany Necklace sale a "bridal bar" in its Paris flagship. Salespeople serve Champagne and chocolate. The store stays open late to cater to young executives, among the major buyers of diamond engagement rings.Boucheron, part of Gucci Group, the luxury division of France's PPR SA, says the pink-gold rings it offers at its boutique on Place Vendome in Paris sell well to local customers who want to mix the French tradition of color with the diamond-solitaire trend.Chinese couples are the latest to be smitten with diamond bridal jewelry. In April, Cartier started rolling out its bridal salons to its 14 stores on mainland China.Miao Miao, a 25-year-old marketing assistant manager for a Hong Kong-based airline, bought a pair of Cartier "Love" rings as wedding bands for herself and her partner, at $1,720, at a Hong Kong boutique this year. She says Cartier's ads portraying the ring as a symbol of love influenced her. "The legend says the finger links to heart," the newlywed says. "So wearing a wedding ring can always remind you of your commitment to your marriage."People inside the company debated the problem for months. "Some people would look at it one way and say, 'If every 16-year-old her silver jewelry from Tiffany, Tiffany Note sale eventually want their engagement ring from Tiffany 10 or 20 years later,'" says Mark Aaron, Tiffany's vice president of investor relations. But "what if some of those teenagers fill up their jewelry boxes with Tiffany silver, and as they get older, they perceive Tiffany as where they got their teenage jewelry?"At the Tiffany store in New Jersey's Mall at Short Hills, the main entrance still leads shoppers to counters housing its jaw-dropping fine jewelry.
But just aside, a private viewing room was added with a ready stock of chilled water and champagne. "We wanted to create an environment that was more intimate," says Elisabeth Ames, a Tiffany vice president. A side entrance was also added to lead "transactional" shoppers directly to the counters of Tiffany's silver jewelry. Other Tiffany stores have undergone similar renovations.Some high-end shoppers have not yet been lured back into Tiffany stores. Barbara Graffeo has a jewelry box full of Tiffany pieces. But, she says, "I don't wear them anymore because everyone Tiffany Pendant sale them now." The 46-year-old owner of a New York apparel company adds, "You used to aspire to be able to buy something at Tiffany, but now it's not that special anymore."In the late 1990s, Tiffany & Co.'s silver charm bracelet was a must- have fashion accessory. Teens jammed Tiffany's hushed stores clamoring for the $110 silver bauble. Sales skyrocketed, investors cheered.Tiffany's managers worried. They knew the bracelet had become a fad, one that could alienate the jewelry firm's older, wealthier, and more conservative clientele. Worse, it could forever damage Tiffany's reputation for luxury."The large number of silver customers did represent a fundamental threat -- not just to the business but to the core franchise of our brand," says Tiffany CEO Michael Kowalski.
So in a dramatic gamble, Tiffany decided to kill its golden goose. In 2002, the firm began hiking prices on its fast-growing, highly profitable line of cheaper silver jewelry. It simultaneously introduced pricier jewelry collections, renovated stores and showed off its craftsmanship by highlighting spectacular gems like a $2.5 million pink diamond ring.Like a growing number of publicly traded luxury-goods makers, Tiffany is attempting to walk a razor-thin line: Tiffany Ring sale offerings to the upper-middle-classes while pitching privilege to the truly rich. The dilemma is particularly common these days, as investors clamor for sales growth on one side and fickle luxury buyers demand exclusivity on the other.Other purveyors of designer wares have stumbled trying to satisfy both groups. Burberry Group PLC, the venerable British fashion house, plastered its iconic tan plaid on everything from dog collars to headbands, only to struggle with the resulting overexposure.Wealthy consumers aren't as loyal as they used to be. "Even though we're seeing more millionaires than ever, they now have lots of choices on how to spend their money," says Arnold Aronson, a managing director of consulting firm Kurt Salmon Associates and former CEO of Saks Fifth Avenue.
Tiffany & Co.'s performance last week, compared with most other Tiffany Bracelet stocks, puts the jeweler in a solitaire setting.While many retail stocks languished on concerns over lackluster third-quarter sales, Tiffany shares soared 5-1/8 points and hit a 52-week high of 39-1/4.The momentum came after Tiffany executives told analysts that its same-store sales in both the United States and Japan are running ahead of expectations for the quarter ending this month.Total company sales--including European operations, direct mail and corporate business-should match projections."The word that their third-quarter U.S. comparable-store sales are better than expected, and are accelerating, portends an excellent Christmas," says Janet Joseph Kloppenburg, a retail analyst with Robertson Stephens & Co. "It could mean that our earnings projections are conservative."Ms. Kloppenburg has been forecasting that Tiffany will earn $1.93 per share for its fiscal year ending Jan. 31 and will have revenues of $681.5 million. Last year it lost 65 cents on sales of $566.5 million.The good news reaches over much of Tiffany's operations. At a time when many U.S. retailers are struggling domestically, Tiffany is likely to show comparable-store gains Tiffany CuffLink than the 9% increase forecast for the third quarter.Some of that growth is attributed to Tiffany making its stores more user-friendly without tarnishing its sterling image. For example, new in-store boutiques for baby gifts and men's gifts were created to aid hurried shoppers."The growth is spread over a lot of product categories and geographic areas across the U.S.," says a Tiffany spokesman. "It is concentrated on local market customers, not foreign tourists."
Comparable-store sales in Japan, which account for nearly 25% of Tiffany's overall business, should be up an impressive 20%"The Japanese numbers are important because they confirm that Tiffany's plan there is working," says Barbara E. Miller, an analyst with Alex. Brown & Sons.Last year, Tiffany restructured its Japanese operations, no longer acting only as a wholesaler in that country. Its same-store sales are now showing healthy increases, despite price cutting.This is the second time this year Tiffany has given Wall Street a pleasant surprise. Last spring the jeweler shocked analysts Tiffany Earring it recorded a 20% increase in sales to $131 million. That announcement sent Tiffany stock skyward, peaking at 38 in late August.But to the surprise of many retail analysts, Tiffany began to slide earlier this month. Tiffany began selling last week at only 34-1/8."I thought the stock had gotten unexplainably low based on their performance, but it was suffering along with other retail stocks," says Janet Mangano, a retail analyst with Burnham Securities. "People are beginning to re-examine the near-term and long-term prospects for Tiffany. There is still a lot of upside potential."
Tiffany Co. will consolidate its jewelry manufacturing operations in Pleasantville and in the space above its world-famous Manhattan store, into the former Citibank building in Pelham early next year. By February, Tiffany will start relocating to the 17,200-square-foot third floor of the 125,000-square-foot building at 143 Sparks Ave., and use the space for a new manufacturing center. The first 59 employees will come from the company's overcrowded 4,500-square-foot space at 520 Bedford Road in Pleasantville. Next summer, Tiffany will relocate 54 of 91 employees from workshops above its Fifth Tiffany Key Ring store.Tiffany Co. will consolidate its jewelry manufacturing operations in Pleasantville and in the space above its world-famous Manhattan store, into the former Citibank building in Pelham early next year.By February, Tiffany will start relocating to the 17,200-square-foot third floor of the 125,000-square-foot building at 143 Sparks Ave., and use the space for a new manufacturing center. The first 59 employees will come from the company's overcrowded 4,500-square-foot space at 520 Bedford Road in Pleasantville. Next summer, Tiffany will relocate 54 of 91 employees from workshops above its Fifth Avenue store.Beginning in the second quarter of 1996, the company plans to hire 44 additional employees, said Curtis Ley, vice president of manufacturing.
Caruso Affiliated is known for creating open-air community and regional retail environments that serve as fashionable local gathering places. Caruso's style has become a recognized brand within the tiffany industry and with California residents and visitors. The success of the company's stylish and elegant outdoor environments has challenged the traditional "mall" concept and continues to set a new standard in the industry. A recognized leader in this trend, Caruso Affiliated's growth is approximately two times that of the largest publicly traded REITs and sales per square foot at Caruso properties are 75 percent higher than the industry average.In addition to The Americana at Brand, other projects in development include The Shops at Santa Anita in Arcadia, CA and the company's first luxury destination resort in Montecito, CA, with the recent acquisition of the historic Miramar Hotel. Caruso Affiliated's portfolio of top performing retail properties includes The Grove in Los Angeles, the Waterside, Marina Del Rey, The Promenade at Westlake, The Lakes at Thousand Oaks, and The Commons at Calabasas. For more information, please visit www.carusoaffiliated.com.TIFFANY & CO. and TIFFANY are trademarks of Tiffany and Company.Tiffany & Co. is Tiffany Bangle on sale up to open the first of its smaller concept stores.A 2,600-square-foot unit is planned to open in October in the Americana at Brand, a new retail and residential development by Caruso Affiliated, in Glendale, Calif.In October, Tiffany set a rollout of 70 such small-footprint outposts across the U.S. The stores will only sell women's diamond, platinum, silver and gold jewelry ranging in price from slightly less than $100 to $15,000. The boutiques will not include Tiffany's higher-priced statement jewelry or engagement rings.
When the concept was revealed, Tiffany chairman and chief executive officer Michael J. Kowalski projected the stores would bring in $1,000 a square foot.Beth O. Canavan, executive vice president of Tiffany, said Wednesday that the new concept "is simply a new way of looking at Tiffany and the Americana at Brand is an ideal location to unveil it."In 2002, Tiffany launched a 5,000-square-foot store concept that also brings in sales of $1,000 a square foot. The company has 23 of these full-line stores and plans to open five to seven of them a year until reaching a total of 100.The average full-size Tiffany store, of which there are 46, spans about 7,100 square feet and generates $2,300 a square foot in sales. The firm has one U.S. Tiffany Bracelet on sale located on New York's Fifth Avenue that is 40,000 square feet, and in 2006, drew $6,200 a square foot.Jeweler to Open in City's Luxury Retail Center in November 2008Tiffany & Co.Mark L. Aaron, 212-230-5301mark.aaron@tiffany.comorLinda Buckley, 212-277-5900linda.buckley@tiffany.comTiffany & Co. (NYSE: TIF) today announced plans to open an approximately 6,200-square-foot store in Easton Town Center, located in Columbus, Ohio, in November 2008. The store's prominent corner location will anchor an area of the 1.7 million square-foot center that is currently undergoing renovation by the center's co-developers, The Georgetown Company and Steiner + Associates.
"Easton Town Center is a premier destination for shopping, dining and entertainment that will allow us to build on our success in this sophisticated market," said Beth O. Canavan, executive vice president of Tiffany & Co. "We have a prime corner location within a newly designed area of the center that will give us an open and spacious environment in which to welcome our many customers in the region to the Tiffany shopping experience of utmost quality and craftsmanship.""Tiffany CuffLink on sale announcement affirms Columbus as a metropolitan community worthy of the highest caliber and most selective retail," said Adam Flatto, president of The Georgetown Company. "Tiffany & Co. is one of the most highly sought after jewelers in the world, and we are proud to soon be the home to the only location in Columbus featuring their signature blue box."The new Tiffany store will showcase an array of the jeweler's celebrated collections. Among them are diamond engagement rings, diamond and gemstone jewels of ultimate glamour; sterling silver and fine jewelry; the signature designs of Elsa Peretti, Paloma Picasso, Jean Schlumberger and Frank Gehry; watches; accessories and gifts.Tiffany's web site, www.tiffany.com or www.tiffany.co.jp.Shares of Tiffany & Co. are expected to remain under pressure as the company faces a more challenging retail environment, said one analyst following the specialty retailer's lowered earnings guidance Friday.After trimming its earnings outlook on declining U.S. sales, shares of Tiffany & Co. slumped 11.2 percent to close Friday at $35.08.
WHEN WE last visited jeweler Tiffany & Co. (Nov. 11, 1991), the country was in a recession, diamond shopping was the furthest thing from consumers' minds and earnings were on the decline. Has the Tiffany Necklace on sale returned? Brighter than expected, thanks to some shrewd marketing. Chief Executive William Chaney has downplayed Tiffany's upper-crust image and focused on luring a relatively downscale crowd. That includes putting out "how-to" diamond and pearl buying guides and advertisements to inform the wary that Tiffany diamonds start below $1,000.In Japan, Tiffany has slashed prices from levels once nearly double New York rates. Last quarter, sales in Japan were up 11%.Revenues should rise 15% in the year to next January, to $787 million, and earnings 23%, to $2.27 per share. Tiffany's stock, at a recent 42, is up 33% since May.As evidence that some affluent consumers have tired of simpler lifestyles, sales of designer clothing and expensive jewelry are hot in 1995, retailers say, after several lukewarm years. A rise in international tourism is fueling the growth, but marketers say it may also reflect baby boomers' renewed desire to stuff their closets with easily recognizable status symbols. Swiss watch maker TAG Heuer and Tiffany & Co both report a significant rise in US sales so far in 1995.Conspicuous consumption may be coming back in style.Sales of Tiffany Note on sale clothing and expensive jewelry are hot, retailers say, after several lukewarm years. Fueling the growth is a rise in international tourism. But marketers say it may also reflect baby boomers' renewed desire to stuff their closets with easily recognizable status symbols.At a time when sales at many department stores and discount chains are unimpressive, Swiss watch maker TAG Heuer SA says U.S. sales so far this year are up 25%, compared with last year. And at Tiffany & Co., sales at U.S. stores open at least a year rose 15% during its most recent fiscal quarter.
Sales have been so strong at Ferragamo's U.S. boutiques that shoppers are limited to five handbags and 10 pairs of shoes each. Overall, Ferragamo's U.S. sales are running 35% ahead of last year's, according to Massimo Ferragamo, president of U.S. operations for Ferragamo Worldwide.Marketers spent millions in the 1980s pitching their products as badges of affluence for unapologetic yuppies. But by the early 1990s, as baby boomers aged and had children of their own, marketing experts predicted, family values would replace the quest for self gratification. In an uncertain economic climate, overt Tiffany Pendant on sale would become less fashionable: Even wealthy shoppers would choose Gap over Gucci and shun ostentatious brands like Rolex and Louis Vuitton.But it turns out some affluent consumers have tired of the simpler lifestyles. "Women are asking themselves, `What's wrong with spending money on myself? How many more T-shirts do I need?'" says Michael Gould, chairman and chief executive of Federated Department Stores Inc.'s Bloomingdale's chain.Certainly, affluent consumers these days are simply more affluent. Analysts look at the 20% rise in the Dow Jones Industrial Average this year as an indication that the rich must be feeling a little richer. "There's a sense of wealth, and it's showing up in luxury goods," says Carl Steidtmann, director of research for Management Horizons, a unit of Price Waterhouse L.P.
Clifton Stone, associate general counsel at Smith Barney Inc., a unit of Travelers Group, says he will spend 50% more on apparel and accessories for himself this year, or about $3,000 on suits, shirts, ties and shoes. "Once you start treating yourself to certain quality items, you want to replace what you have with better stuff," he says. Among his favorites: ties from Milan designer Ermenegildo Zegna that cost $105.Retailers believe attitudes are somewhat different now than in the '80s. This time, "it's not about having as much as you can," says Marion Davidson, director of marketing and Tiffany Ring on sale for Hermes SA. "It's about having a few things that are exceptional. A Gap dress with a Hermes handbag and scarf are all you need."Retailers say today's designer-goods shoppers are thinking investment, not splurge, when they make big-ticket purchases. Robert DiNicola, chairman of Zale Corp., sees a higher "comfort level" this year among customers at the company's Bailey, Banks & Biddle jewelry stores. The most popular diamond tennis bracelets cost between $599 and $699, compared with a $299 average price last year, he says. Customers nowadays are happy to trade up as long as they feel like they're getting their money's worth, he says.Donna Leone, a partner at a New York investment-advising firm, says she expects to spend about 10% more on her fall wardrobe this year than last. Already, she says, she has bought a four-piece designer suit for "several thousand" dollars. "I just like the classic designs," she says. "They last forever."
Clifton Stone, associate general counsel at Smith Barney Inc., a unit of Travelers Group, says he will spend 50% more on apparel and accessories for himself this year, or about $3,000 on suits, shirts, Tiffany Set on sale and shoes. "Once you start treating yourself to certain quality items, you want to replace what you have with better stuff," he says. Among his favorites: ties from Milan designer Ermenegildo Zegna that cost $105.Retailers believe attitudes are somewhat different now than in the '80s. This time, "it's not about having as much as you can," says Marion Davidson, director of marketing and communications for Hermes SA. "It's about having a few things that are exceptional. A Gap dress with a Hermes handbag and scarf are all you need."Retailers say today's designer-goods shoppers are thinking investment, not splurge, when they make big-ticket purchases. Robert DiNicola, chairman of Zale Corp., sees a higher "comfort level" this year among customers at the company's Bailey, Banks & Biddle jewelry stores. The most popular diamond tennis bracelets cost between $599 and $699, compared with a $299 average price last year, he says. Customers nowadays are happy to trade up as long as they feel like they're getting their money's worth, he says.Donna Leone, a partner at a New York investment-advising firm, says she expects to spend about 10% more on her fall wardrobe this year than last. Already, she says, she has bought a four-piece designer suit for "several thousand" dollars. "I just like the classic designs," she says. "They last forever."Despite shoppers' new rationalizations, plenty of hits of the '80s are back to Tiffany Watch on sale the designer craze for the second time: $1,000-plus Chanel bags at Bloomingdale's "are selling like they're going out of style, so to speak," says James Gundell, Bloomingdale's senior vice president in charge of women's accessories.And recent increases in U.S. sales have prompted pen maker Mont Blanc Simplo GmbH to accelerate a three-year plan to open 20 stores in the U.S. At Mont Blanc's first U.S. specialty boutique in Boston's Copley Plaza mall, all six of the 888 Prince Regent pens on hand sold out, and 10 more customers put their names on a waiting list. Studded with diamonds and rubies, the pens retail for $5,900.
Even Gucci, whose canvas handbags with the "double G" logo became synonymous with excess in the '80s, is making a comeback. Investcorp SA, the investment group that controls 100% of Gucci Group's common stock, said yesterday that it intends to make a global offering of 30% of of the company's shares.Other luxury designers are becoming status symbols for the first time. Miuccia Prada has seen North American sales of her apparel and accessories more than double in the tiffany year, a spokeswoman for her company, IPI SpA, says. During two days of sweltering heat in early August, the eight-year-old Prada boutique in Manhattan sold out of a double-cashmere coat with a price tag of $1,980. Shoppers, says the Prada spokeswoman, are "like piranhas. They are worried there will only be one in their size, and they need it now."NEW YORK -- Tiffany & Co. is showing some gleam in its financial picture.The company reported stronger-than-expected fiscal second-quarter earnings last week, and analysts and company officials say the strategies that management has used in recent years are clicking, giving the company momentum.The venerable jeweler always has had its strengths -- mainly image. But there have been times -- like earlier this year when a slowdown in holiday sales in Japan raised concerns -- that the company hasn't lived up to expectations.
"They weren't always in a position to capitalize on the name and the image they have. Now they're doing a better job of it," said Terence McEnvoy, analyst at Janney Montgomery Scott Inc. "Tiffany's got a tremendous image, a great reputation, and everyone loves the blue box with the white ribbon."Prudential Securities Inc. analyst Amy Ryan, who has been bullish on Tiffany for most of the year, said Tiffany always has been a "good" company, but it has sometimes found itself distracted by a range of events, from a weak Japanese economy to snow storms."The goodness is shining through right now," Ms. Ryan said.The company last Tuesday reported same-store sales rose 15% in the U.S. and 11% in Japan. Net income rose 54% to $5.3 million, or 33 discount Tiffany Bangle a share, for the quarter ending July 31, from $3.5 million, or 22 cents a share, a year earlier. Sales rose to $184.7 million from $152.3 million.The results were six cents a share higher than consenus estimates, sending the stock up one dollar that day. The stock has risen more than 35% from its 52-week low of $29 in late January, most recently trading at $41.125.Tiffany's chairman and chief executive, William Chaney, said he is optimistic about this year's holiday season, and he expects high single-digit percentage increases in same-store sales for the rest of the year. He said he's comfortable with analysts' full-year earnings estimates for fiscal 1996. A First Call survey of 14 analysts averaged $2.27 a share, but at least one analyst raised his estimate to $2.30 after the earnings report.