lovelytiffany (lovelytiffany) wrote, @ 2009-09-01 17:30:00

Tiffany CEO Michael Kowalski
The world top jewelry retailer, Tiffany & Co. has announced its intention to significantly increase the number of new stores that it plans to open in the United States. In order to facilitate this expansion, the luxury jewelry retailer has developed a smaller format store. These stores will feature a wide range of jewelry with the exception of engagement jewelry. The first of these stores, which will be called Tiffany & Co. Collections, is scheduled to open in 2008.
The company currently operates 68 Tiffany & Co. stores in the United States and 104 tiffany stores abroad. All the stores have brought the world a great happiness already.
To catch up with the different demands of the tiffany fans, Tiffany & Co has planned to do some change to the traditional retailing stores.
Tiffany CEO Michael Kowalski noted: "The addition of this new format affords us with the opportunity to ultimately operate as many as 170 stores in the U.S. In addition, up to 70 Collections stores will be opened as location opportunities arise. This new format has the potential to significantly accelerate U.S. sales growth over the medium- to long-term and enhance profitability due to a merchandise mix weighted with higher-margin products."

Elsa Peretti Round pendant

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