Autocross Blogs - Chrls Iicey

In another sign that the bruised luxury sector may be nursing back to life, jewelry retailer Tiffany & Co. on Tuesday raised its profit outlook for the year after holiday sales turned out better than Tiffany Keys sale.Sales in the two months ended Dec. 31 rose 17% to $799.1 million, the New York-based company said. Excluding the currency-translation impact, sales would have risen 13% with comparable-store sales increasing 8%. The company had 220 stores as of Dec. 31.Tiffany raised its profit outlook for the year ending Jan. 31 to $2.07 to $2.12 a share from a previous projection of as much as $1.98 a share. Sales are expected to be $2.7 billion, the company said. Last year, Tiffany earned an adjusted profit of $2.33 per share on revenue of $2.86 billion.Analysts were looking for Tiffany to post earnings of $1.96 a share on sales of $2.65 billion for the fiscal year ending this month, according to FactSet.Tiffany, Signet Raise ForecastsTiffany & Co. and Signet Jewelers Ltd. Tuesday added to the evidence of a meaningful rebound by the hard-pressed jewelry sector as both lifted guidance based on better-than-expected holiday results.Tiffany's sales in November and December rose 17 percent to $799.1 million, 13 percent at constant exchange, while comparable-store sales rose 12 percent, 8 percent at constant exchange. In the U.S., comps rose 12 percent, including a 20 percent increase at the New York flagship. In the 2008 holiday period, U.S. comps slid 35 percent.Tiffany lifted its guidance for full-year earnings from Tiffany Money Clips sale operations to range from $2.07 to $2.12 a diluted share, implying fourth-quarter earnings per share of between $1.15 and $1.20, on sales of $2.7 billion. Tiffany previously projected EPS of $1.88 to $1.98 a share, raised from earlier guidance of $1.65 to $1.75.Analysts polled by Yahoo Finance most recently had predicted full-year earnings of $1.92 a share on sales of $2.65 billion, and fourth-quarter EPS of $1.02 on revenues of $925 million.

The stabilization of jewelry coincides with the recovery of the luxury market, according to analysts.Pali Capital retail analyst Stacey Widlitz said December comparable-store sales, reported last week, showed encouraging improvement for luxury, giving her confidence that the numbers continue to move in the right direction for jewelers such as the upscale Tiffany. Widlitz pointed out 20 percent of Tiffany's sales come out of New York. She also noted the move to trade down seems to be less extreme than last year and versus the past few quarters.Earlier this month, digital research company comScore Inc. said during holiday that jewelry and watches emerged as the leading category for online sales growth with a 20 percent rise. However, the firm added the double-digit growth rate followed a 29 percent decline during holiday 2008.Jefferies & Co. analyst Randal Konik also pointed to the weak comparisons within luxury, which should benefit companies like Tiffany moving forward. He reiterated his buy rating for the New York-based company.We believe Tiffany is positioned for continued fundamental improvement in 2010 on favorable Tiffany Necklaces sale margin tailwinds from lower product costs, market gains in a consolidating retail environment, improving luxury trends and easy comparisons, Konik said.Despite the positive news about fourth-quarter results, shares of Tiffany fell 24 cents, or 0.5 percent, on Tuesday to $46.44.Midtier jeweler Signet, which operates the Kay and Jared chains in the U.S., said it surpassed its financial performance objectives, including its plan for free cash flow, and now expected full-year earnings of between $1.76 and $1.84 a diluted share after it delivered a 5.6 percent increase in holiday comps. According to Reuters, analysts forecast EPS of $1.64 for the fiscal year. Holiday comps rose 7.6 percent in the U.S., which accounts for about 78 percent of annual sales, and fell 0.8 percent in the U.K. division.

The company said U.S. results benefited from the growth of differentiated [product] ranges, a strong value proposition in generic merchandise, national television advertising and superior customerservice. Shares fell 39 cents, or 1.4 percent, to $28.44.Tiffany is scheduled to report fourth-quarter results on March 22, and Signet on March 25.Chinesische M?nner sind echte Kavaliere. Zumindest beim Shoppen mit der Liebsten. Denn wenn die P?rchen zum Beispiel auf Shanghais Nobeleinkaufsstra?e Huahai von einer Luxusboutique zur n?chsten ziehen, tr?gt Mann s?mtliche Taschen und wird wie Tiffany Notes sale auch mit dem behangen, was eigentlich die Frau schmücken sollte - der Handtasche von Gucci, Prada oder Hermès. Dabei z?hlen die Luxusaccessoires oft zu dem Wertvollsten, was sie besitzt.Einmal eine Kelly Bag von Hermès oder eine It-Bag einer anderen westlichen Nobelmarke sein Eigen zu nennen, ist für viele ein Lebenstraum. Umfragen zufolge werden dafür auch mehrere Monatsgeh?lter geopfert. Mittlerweile sch?tzt der chinesische Markenverband, dass 13 Prozent aller 1,3 Milliarden Chinesen internationale Luxusprodukte kaufen. Laut einer Goldman-Sachs-Studie ist China bereits heute der drittgr??te Markt für Luxusartikel und k?nnte in fünf Jahren zur Nummer 1 aufsteigen. Vor den USA und Japan. Und schon in diesem Jahr werden knapp 50 Prozent des Branchenwachstums aus China stammen, glaubt das Finanzhaus Swiss & Global Asset Management.