Tiffany & Co. today announced plans to open three additional new stores in 2002, with location and approximate gross square footage as follows: In Bellevue, Washington, a 5,500-square-foot store is scheduled to open in May at 105 Bellevue Square; in St. Louis, Missouri, a 4,800-square-foot store will open in September at the Plaza Frontenac; and in Orlando, Florida, a 5,700-square-foot store will open in October at The Mall at Millenia. The company has already announced that it will open a 3,300-square-foot store in East Hampton, New York as well as a 10,000-square-foot store in Waikiki, Hawaii, that will replace one small hotel boutique.
The three new stores will carry the company's exclusive fine and engagement jewelry, watches, the exclusive designs of Elsa Peretti, Paloma Picasso and Jean Schlumberger, as well as a selection of accessories and china and crystal gifts.
“Opening these stores is consistent with our growth strategy of opening 3-5 stores in the U.S. each year,” said Beth O. Canavan, executive vice president of Tiffany & Co. “We feel that St. Louis and Orlando are exciting cities that will appreciate Tiffany's heritage of quality and craftsmanship, and we look forward to joining the dynamic Bellevue community, which will enhance the strong relationship established by our very successful downtown Seattle store.”
Tiffany & Co. is the internationally renowned jeweler and specialty retailer. Sales are made primarily through company-operated TIFFANY & CO. stores and boutiques in the Americas, Asia-Pacific and Europe. Direct Marketing includes Tiffany's Business Sales, catalog and Internet sales. TIFFANY & CO. is a publicly held company with its shares traded on the New York Stock Exchange (TIF). Additional information can be found on the company's Web site at www.tiffany.com and its shareholder information line (800) TIF-0110.
Mark L. Aaron