Tiffany Pearl Jewelry

As the world top luxury jeweler, Tiffany & Co operates hundreds of retail stores both in USA and abroad. The stores all over the world do a great contribution to the total tiffany earning. The profits brought by the international tiffany stores are considerable. But it is not all the jewelry projects operated by Tiffany can bring profit. Recently, Tiffany & Co plans to close its unprofitable 16-store pearl jewelry chain Iridesse.
The Pearl jewelry chain has brought tiffany much loss in the past few years as the press stated. The Associated Press has quoted Tiffany spokesperson Mark Aaron as saying: "It had been posting an operating loss since it opened. It might have been viable if there was a better retail environment, but the economy was the last straw."
The decision has been made. The jewelry chain will be closed as soon as Tiffany is able to reach agreements with its landlords and sell off inventory. The company confirmed that there would be job loses but revealed no number.
It is a hard thing both for Tiffany & Co and the tiffany fans. There won¡¯t be tiffany pearl jewelry any more in the world.

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Thursday, October 15, 2009