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Tiffany can capture in 2010 at least 2 percent of the $3 billion slice of sales that will be up for grabs amid the U.S. Tiffany 1837™ Square tag key ring, helped by strong brand recognition and a high level of consumer trust, according to a report distributed today in which Citigroup initiated company coverage. That will drive at least 5 percent to 6 percent growth to a 2010 U.S. store sales base of $1.1 billion, Citigroup estimated.
In the first six months of this year, 917 jewelry companies discontinued operations compared with 523 a year earlier, according to the Jewelers Board of Trade, a credit and collections agency in Warwick, Rhode Island, that tracks about 30,500 retailers and suppliers. Sixty-five were in bankruptcy compared with 29 in the same period last Heart tag Key ring, the agency said.
Tiffany trails Cie Financiere Richemont AG, owner of Cartier and Van Cleef & Arpels, in global sales.

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