Tiffany, Zale confident on holidays; shares jump
By Aarthi Sivaraman
NEW YORK (Reuters) – U.S. jewelers are confident they will prevail this holiday shopping season, betting that upscale and middle-income customers won’t resist buying baubles despite a weak economy.
High-end brand Tiffany & Co (TIF.N: Quote, Profile, Research, Stock Buzz) posted a better-than-expected profit on Thursday, helped by strong sales overseas. The company raised [...]
Tiffany U.S. fortunes could turn at holidays
By Aarthi Sivaraman
NEW YORK (Reuters) – The upcoming holiday season at upscale jeweler Tiffany & Co (TIF.N: Quote, Profile, Research, Stock Buzz) could be the beginning of renewed growth at its established U.S. stores, its chief executive told Reuters on Thursday.
Despite moderating sales expectations, Tiffany said it expects a “modest increase” in fourth-quarter same-store sales [...]
Tiffany, Zale confident on holidays; shares jump
By Aarthi Sivaraman
NEW YORK (Reuters) – U.S. jewelers are confident they will prevail this holiday shopping season, betting that upscale and middle-income customers won’t resist buying baubles despite a weak economy.
High-end brand Tiffany & Co (TIF.N: Quote, Profile, Research, Stock Buzz) posted a better-than-expected profit on Thursday, helped by strong sales overseas. The company raised [...]
Gold ends up; weak dollar fuels commodities rally
By Frank Tang and Jan Harvey
NEW YORK/LONDON (Reuters) – Gold ended higher on Monday as U.S. dollar weakness prompted broad gains in commodities, but platinum finished lower after hitting an 11-month low during Asian trading.
Traders said gold was forming a new base that could result in more gains.
Gold was at $810.70/811.90 by New York’s last [...]
Fossil Q2 profit tops Street view; raises FY outlook
(Reuters) – Watchmaker Fossil Inc (FOSL.O: Quote, Profile, Research, Stock Buzz) posted a better-than-expected quarterly profit, driven by strong international sales, and boosted its full-year earnings forecast, sending its shares up as much as 14 percent.
The company said it entered into a license agreement with Donna Karan Studio LLC to develop and distribute a line [...]
UPDATE 1-Whitehall to hold liquidation sale into holidays
SEATTLE, Aug 12 (Reuters) – Bankrupt Whitehall Jewelers Holdings (WHJHQ.PK: Quote, Profile, Research, Stock Buzz) said on Tuesday it will liquidate jewelry worth $750 million at below market prices through the holiday shopping season, after a futile effort to sell itself or secure fresh equity.
The court-ordered sale, which starts Aug. 13, will [...]
Jewelry demand supports gold but dollar at risk
By Jan Harvey – Analysis
LONDON (Reuters) – Resurgent demand from jewelers and strong technical support have arrested a recent sharp slide in gold prices, but more losses are likely if the dollar keeps rising and exchange-traded funds lose faith in the metal.
Gold, a key player in the commodities boom earlier in the year, has turned [...]
UPDATE 1-Tiffany appeals eBay Internet ruling
(Adds eBay reaction, background)
NEW YORK, Aug 11 (Reuters) – U.S. jeweler Tiffany & Co (TIF.N: Quote, Profile, Research, Stock Buzz) on Monday said it appealed a recent court ruling that found eBay Inc (EBAY.O: Quote, Profile, Research, Stock Buzz) was not responsible for policing fake Tiffany jewelry sold on its website.
Tiffany filed [...]
Gold advances to near one-week high as oil firms
By Lewa Pardomuan
SINGAPORE (Reuters) – Gold rose to its highest in nearly a week on Wednesday after gains in oil prices spurred buying, which also helped to pluck cash platinum from its lowest level in nearly a year.
Dealers expected consumers to buy gold on dips and said the world’s largest consumer, India, would step up [...]
Tiffany appeals eBay Internet ruling
NEW YORK (Reuters) – U.S. jeweler Tiffany & Co on Monday said it appealed a recent court ruling that found eBay Inc was not responsible for policing fake Tiffany jewelry sold on its website.
Tiffany filed the appeal with the United States Court of Appeals for the Second Circuit, it said in a statement.
“Tiffany’s decision to [...]