Tiffany To Renovate Its New York Flagship Store [Forbes]
TIFFANY (TIF)
Last tiffany earnings: 3/20 06:40 am
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Source: Forbes
Tiffany & Co.’s New York flagship store is one of the most recognized jewelry retail spaces in the world. Its importance to the luxury jeweler can’t be overstated as it accounts for upwards of 10% of the company’s global sales. But even an icon needs an update now and then. Tiffany said Tuesday that it plans “a complete renovation” of the 10-story building on 57th Street and 5th Avenue, as part of an overall strategy “to redefine the modern luxury retail experience.” “We are extremely excited about the opportunity to transform our iconic New York flagship store and create a dramatic new experience for customers,” Alessandro Bogliolo, Tiffany CEO, said in a statement. “Innovation will remain at the forefront of Tiffany’s plans for 727 Fifth Ave., and the newly reimagined flagship will serve as the modern crown jewel of our global store network.” The entrance to the Tiffany and Co. flagship store on Fifth Avenue in Midtown Manhattan in
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