Tiffany Sets High Targets For Coming Years

Retail and Consumer Confidence
21/09/2015 08:23

Upscale jeweler Tiffany & Co. has set itself a range of targets for the coming years. These include improving customer experience, increasing store space by 2-3 percent every year, mid to high single-digit sales growth, higher operating margins and doubling earnings growth over the long-term.

The comments were made by Ralph Nicoletti, executive vice president and chief financial officer, who added that vertical integration was critical for the firm. He said that Tiffany manufactures internally more than half of the products it sells and sources a “high percentage” of its diamond requirements directly from rough producers.