Arun Daniel
Arun Daniel
buying chicago good major showing stores strong tourists traveling trend york
They had a good quarter, a strong showing in the U.S.. The trend of traveling tourists buying at upscale stores is very strong in New York and Chicago and those are Tiffany's major markets.
improvement margins side
Expectations for them are very low. Any improvement they can show on the merchandising side without compromising margins is a positive.
based conclusion continue current difficult forward given information key move operate type
The key to the story is really, are they going to move forward with any type of divestiture of the current brands, or are they going to continue to operate as a retailer going forward? It's difficult to come to a conclusion based on the information they have given us.