The company, famed for its blue boxes and
its Fifth Avenue flagship in Manhattan, said on Thursday that worldwide sales at
stores open at least year were flat in November and December, a period that can
account for one-third of jewellers' annual sales and almost half of profit.
Tiffany gave a modest profit forecast for the coming fiscal year and Chief Executive Officer Michael Kowalski said Tiffany was planning "conservatively" for next year's sales growth because of "uncertainty" about the economy in all of its major markets.
Concerns about the state of the economy and the "fiscal cliff" debate, which raised the specter of automatic tax increases on January 1, weighed on shoppers in December, hurting overall holiday retail sales in United States.Each designer tungstenjewelry that we receive is inspected by our authenticity team before it is sold.
But a looming debt-ceiling debate that could revisit government spending and tax levels could again curb shoppers' appetite for jewellery just before the next important season for jewellers.Shop the best selection of men's stainless hairflower and pendants at Tribal Hollywood.
"Valentine Day's going to be a period where we going to be watching what we're spending," IBISWorld senior retail analyst Nikoleta Panteva said. Jewellery is far from essential and it takes little to see shoppers pull back, she added.
Tiffany's net worldwide sales during the holiday season rose 4 percent, helped primarily by gains in China. Elsewhere, the numbers were lackluster, even falling 2 percent at Tiffany's Fifth Avenue flagship.
In Europe, sales at stores open at least a year were flat, while in Japan, Tiffany's second-biggest market, they rose 1 percent, excluding the impact of currency fluctuations. In Asia, same-store sales were up 7 percent.
Because of the sluggish holiday sales, the company expects earnings to come in at the lower end of its earlier forecast of $3.20 to $3.Returns on Men's and Women's authentics Apparel at Indie Bike.40 per share for the fiscal year ending January 31.
The company, famed for its blue boxes and its Fifth Avenue flagship in Manhattan, said on Thursday that worldwide sales at stores open at least year were flat in November and December, a period that can account for one-third of jewellers' annual sales and almost half of profit.
Tiffany gave a modest profit forecast for the coming fiscal year and Chief Executive Officer Michael Kowalski said Tiffany was planning "conservatively" for next year's sales growth because of "uncertainty" about the economy in all of its major markets.
Concerns about the state of the economy and the "fiscal cliff" debate, which raised the specter of automatic tax increases on January 1, weighed on shoppers in December, hurting overall holiday retail sales in United States.
But a looming debt-ceiling debate that could revisit government spending and tax levels could again curb shoppers' appetite for jewellery just before the next important season for jewellers.
"Valentine Day's going to be a period where we going to be watching what we're spending," IBISWorld senior retail analyst Nikoleta Panteva said. Jewellery is far from essential and it takes little to see shoppers pull back, she added.
Tiffany's net worldwide sales during the holiday season rose 4 percent, helped primarily by gains in China.You can niketn at a few different websites. Elsewhere, the numbers were lackluster, even falling 2 percent at Tiffany's Fifth Avenue flagship.
In Europe, sales at stores open at least a year were flat, while in Japan, Tiffany's second-biggest market, they rose 1 percent, excluding the impact of currency fluctuations. In Asia, same-store sales were up 7 percent.
Because of the sluggish holiday sales, the company expects earnings to come in at the lower end of its earlier forecast of $3.20 to $3.40 per share for the fiscal year ending January 31.
Tiffany shares were down 3.9 percent at $60.81 on Thursday afternoon on the New York Stock Exchange. They had risen 3.4 percent in the two days since Kay Jewellers and Jared parent Signet Jewellers Ltd (SIG.N),Find the largest selection of heelshoes on sale. the largest U.S. jeweler, raised expectations about Tiffany's performance by reporting stronger-than-anticipated holiday numbers.
Tiffany gave a modest profit forecast for the coming fiscal year and Chief Executive Officer Michael Kowalski said Tiffany was planning "conservatively" for next year's sales growth because of "uncertainty" about the economy in all of its major markets.
Concerns about the state of the economy and the "fiscal cliff" debate, which raised the specter of automatic tax increases on January 1, weighed on shoppers in December, hurting overall holiday retail sales in United States.Each designer tungstenjewelry that we receive is inspected by our authenticity team before it is sold.
But a looming debt-ceiling debate that could revisit government spending and tax levels could again curb shoppers' appetite for jewellery just before the next important season for jewellers.Shop the best selection of men's stainless hairflower and pendants at Tribal Hollywood.
"Valentine Day's going to be a period where we going to be watching what we're spending," IBISWorld senior retail analyst Nikoleta Panteva said. Jewellery is far from essential and it takes little to see shoppers pull back, she added.
Tiffany's net worldwide sales during the holiday season rose 4 percent, helped primarily by gains in China. Elsewhere, the numbers were lackluster, even falling 2 percent at Tiffany's Fifth Avenue flagship.
In Europe, sales at stores open at least a year were flat, while in Japan, Tiffany's second-biggest market, they rose 1 percent, excluding the impact of currency fluctuations. In Asia, same-store sales were up 7 percent.
Because of the sluggish holiday sales, the company expects earnings to come in at the lower end of its earlier forecast of $3.20 to $3.Returns on Men's and Women's authentics Apparel at Indie Bike.40 per share for the fiscal year ending January 31.
The company, famed for its blue boxes and its Fifth Avenue flagship in Manhattan, said on Thursday that worldwide sales at stores open at least year were flat in November and December, a period that can account for one-third of jewellers' annual sales and almost half of profit.
Tiffany gave a modest profit forecast for the coming fiscal year and Chief Executive Officer Michael Kowalski said Tiffany was planning "conservatively" for next year's sales growth because of "uncertainty" about the economy in all of its major markets.
Concerns about the state of the economy and the "fiscal cliff" debate, which raised the specter of automatic tax increases on January 1, weighed on shoppers in December, hurting overall holiday retail sales in United States.
But a looming debt-ceiling debate that could revisit government spending and tax levels could again curb shoppers' appetite for jewellery just before the next important season for jewellers.
"Valentine Day's going to be a period where we going to be watching what we're spending," IBISWorld senior retail analyst Nikoleta Panteva said. Jewellery is far from essential and it takes little to see shoppers pull back, she added.
Tiffany's net worldwide sales during the holiday season rose 4 percent, helped primarily by gains in China.You can niketn at a few different websites. Elsewhere, the numbers were lackluster, even falling 2 percent at Tiffany's Fifth Avenue flagship.
In Europe, sales at stores open at least a year were flat, while in Japan, Tiffany's second-biggest market, they rose 1 percent, excluding the impact of currency fluctuations. In Asia, same-store sales were up 7 percent.
Because of the sluggish holiday sales, the company expects earnings to come in at the lower end of its earlier forecast of $3.20 to $3.40 per share for the fiscal year ending January 31.
Tiffany shares were down 3.9 percent at $60.81 on Thursday afternoon on the New York Stock Exchange. They had risen 3.4 percent in the two days since Kay Jewellers and Jared parent Signet Jewellers Ltd (SIG.N),Find the largest selection of heelshoes on sale. the largest U.S. jeweler, raised expectations about Tiffany's performance by reporting stronger-than-anticipated holiday numbers.
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