Inspired by the glitz and glamour of the 1920s, several retailers are launching Great Gatsby-themed lines.» Read More
Stock index futures were higher Friday as investors adopted a wait-and-see approach in response to the growing uncertainty in Europe over a Cyprus bailout.
NEW YORK, March 22- U.S. stock index futures gained on Friday as a banking deal between Greece and Cyprus eased some concerns about the island nation as it tries to avoid a financial meltdown and an exit from the euro that could roil the euro zone.
March 22- Tiffany& Co said on Friday that the pace of its worldwide sales growth would pick up again this year, with Asia leading the increases, and its shares rose 4 percent.
Tiffany said that worldwide sales would rise 6 percent to 8 percent this fiscal year, with growth in all regions, and the upscale jeweler reported a slightly higher profit for the holiday quarter.
Some of the names on the move ahead of the open.
The forecast implies a sales range of between $4.02 billion and $4.1 billion, largely above the $4.03 billion Wall Street analysts were projecting, according to Thomson Reuters I/B/E/S. The New York based retailer, which has been expanding aggressively in markets like China, said it expected sales in Asia outside of Japan to rise by a mid-teens percentage rate.
*Cyprus agrees to spin off Greek units of Cypriot banks. NEW YORK, March 22- U.S. stock index futures edged up on Friday, erasing earlier losses, after Cyprus agreed with Greece on a takeover of the Greek units of Cypriot banks, which ended uncertainty over the fate of those operations.
March 22- Tiffany& Co on Friday reported a slightly higher profit for the quarter that included the holiday season and said net worldwide sales would rise 6 percent to 8 percent this fiscal year, with growth in all regions.
Stacey Widlitz, president of S.W. Retail Advisors and CNBC Contributor, reminds CNBC ahead the release of earnings that Tiffany's has warned of lower profits over the last four quarters and is currently going through a huge deceleration due to a tough competitive market and mismanagement of guidance.
*Cyprus to spin off Greek units of its battered banks. NEW YORK, March 22- U.S. stocks bounced back on Friday as a banking deal between Greece and Cyprus eased concerns about a Cypriot financial meltdown. Cyprus agreed with Greece on a takeover of the Greek units of Cypriot banks, which ended uncertainty about the fate of those operations.
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Tiffany has filed a lawsuit in the U.S. District Court against Costco, reports CNBC's Courtney Reagan. The luxury retailer is claiming trademark infringement.
Tiffany sued Costco Wholesale to stop the largest U.S. warehouse club chain from selling what it called counterfeit diamond engagement rings bearing the luxury retailer's name.
Tiffany is suing Costco, claiming trademark infringement, and claims Costco had in-store signage promoting "Tiffany" rings. CNBC's Courtney Reagan reports.
Feb 14- Tiffany& Co sued Costco Wholesale Corp on Thursday to stop the largest U.S. warehouse club chain from selling what it called counterfeit diamond engagement rings bearing the luxury retailer's name.
The prize for winning the Super Bowl? Seven pounds of sterling silver, handcrafted by jewelry icon Tiffany.
Tiffany & Co. gives us a behind-the-scenes tour on how the Super Bowl trophy is constructed from start to finish.