727 Fifth Ave.
New York, NY 10022
Phone: (212) 755-8000
CEO: Frederic Cumenal
Stock Symbol: TIF
Tiffany & Co. is the world's best known
jeweler. Tiffany sells an extensive selection of jewelry, as
well as watches, sterling silverware, china, crystal, stationery,
fragrances and accessories. Through Tiffany and Company and other
subsidiaries, the Company is engaged in product design, manufacturing
and retailing activities.
As of January 31, 2016, the Company operated 307 stores (124 in the Americas, 81 in Asia-Pacific, 56 in Japan, 41 in Europe, and five in the UAE), compared with 295 stores a year ago (122 in the Americas, 73 in Asia-Pacific, 56 in Japan, 39 in Europe, and five in the UAE).
The Company's channels of distribution
are as follows: U.S. Retail consists of retail sales transacted
in Tiffany-operated stores in the United States and non-Internet,
business-to-business sales within the United States; International
Retail consists of both retail and wholesale sales of TIFFANY
& CO. merchandise to customers located outside the United
States, as well as a limited amount of business-to-business and
Internet sales; Direct Marketing consists of U.S. Internet, direct
mail catalog and business-to-business Internet sales transacted
by Tiffany; and Other consists of sales transacted under trademarks
and tradenames other than TIFFANY & CO. (i.e., LITTLE SWITZERLAND
and IRIDESSE). Other also includes wholesale sales of diamonds
that were found unsuitable for Tiffany's production by Tiffany's
diamond sourcing and manufacturing operations.
In fiscal 2015, Tiffany reported revenues of $4.1 billion, a 3% decline. On a constant-exchange-rate basis, worldwide net sales rose 2% due to higher sales in Asia-Pacific, Japan and Europe and comparable store sales were equal to the prior year. Net earnings for the year were $493.8 million.
In 2015, the company opened 16 new Company-operated stores and closed four locations.
On September 18, 1837, Charles Lewis Tiffany
and John B. Young establish Tiffany & Young, a stationery
and fancy goods emporium at 259 Broadway in New York City. Every
article is marked with a non-negotiable selling price, a revolutionary
policy that makes headlines. The first day's sales total $4.98.
The company soon introduced a blue gift
box that symbolized the company's reputation for quality and
craftsmanship. The color was adopted for use on Tiffany boxes,
catalogues, shopping bags and advertising. This color has become
trademarked as Tiffany Blue.
In 1851, Charles Tiffany assumed control
of the company and renamed it "Tiffany & Co."
In 1878, Charles Tiffany purhcased one
of the world's largest and fanciest yellow diamonds which became
known as the Tiffany Diamond. It can be seen today on the first
floor of Tiffany's Fifth Avenue store.
In 1967, Tiffany designed the Super Bowl
trophy which was given to the NFL champion. It was renamed the
Vince Lombardi Super Bowl Trophy in 1970.
In 1987, Tiffany shares are traded on the
NY Stock Exchange.
- Medical Plan
- Dental Plan
- Vision Care Plan
- Prescription Drug Plan
- Retirement Savings [401(k)] Plan (with company match)
- Defined Contribution Retirement Plan
- Employee Stock Ownership Plan
- Long Term Disability Plan
- Short Term Disability Plan
- Group Term Life Insurance
- Accidental Death & Dismemberment Insurance
- Business Travel Accident Insurance
- Supplemental Group Term Life Insurance
- Investor Relations
- Health and Dependent Care Spending Accounts
- Long Term Care
- Medical, Family and Bereavement leave
- Adoption Assistance
- Paid Vacation, Holidays and Sick Days
- Transportation Assistance
- Education Assistance
- Employee Assistance Program (financial, legal and family resources)
- Health and Fitness Program Reimbursement
- Milestone and Service Recognition Programs
- Employee Discount
- Employee Giving Program (company match of donation to qualified
Updated March 19, 2016