CG: Does Tiffany & Co. Have a Millennial Problem?
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 3 October 2017
⏱️ 32 minutes
🧾️ Download transcript
Summary
We dive into the high-end corner of the retail industry with one of the most famous luxury brands in the world: Tiffany. Its signature blue boxes have delighted people around the world, and new leadership is now looking ahead to the challenges posed by changing consumer tastes, especially among younger shoppers. We also look at the latest acquisitions from Coca-Cola and Wal-Mart.
Transcript
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| 0:00.0 | Thanks to Audible for supporting the Motley Fool and Industry Focus. |
| 0:02.6 | For a free audiobook with a 30-day free trial, go to audible.com slash Fool. |
| 0:06.6 | Welcome to Industry Focus, the podcast it dives into a different sector of the stock market every day. I'm your |
| 0:13.1 | host Vincent Schein and it's Tuesday October 3rd joining me on the show today via |
| 0:17.6 | Skype is Senior Fool dot com contributor Osset Sharma. Hey Osset Sharma |
| 0:20.7 | hey Osset, great to have you back. Bitz, thanks as always for having me back. |
| 0:24.0 | Yeah, sure. |
| 0:25.0 | So, fools, we are going to turn our attention to the high-end luxury corner of the consumer |
| 0:31.0 | retail world for this episode. |
| 0:32.3 | And if we watch the clock and we have |
| 0:33.8 | enough time will also offer some quick updates in the back half of the show as well. |
| 0:38.4 | So for high-end retail this is not something we cover very often in industry focus and we want to look at Tiffany and company ticker T. I. |
| 0:46.6 | So this is a luxury brand with a lot of history and cashier. Charles Louis Tiffany founded the business 180 years ago and I'm sure many fools are familiar with the reputation the company has when you think about the legendary blue box and how regularly the company is featured in popular culture decade after decade. |
| 1:03.5 | The company states outright in its 10K that the brand is its single most important asset |
| 1:08.6 | and will invest heavily to maintain its brand perception. |
| 1:12.0 | So that means premium customer service, paying for spots for |
| 1:15.8 | its stores in high-end malls and luxury areas, selling lots of expensive diamonds |
| 1:19.8 | and precious stones. So a jewelry makes up 90% of the company's business and |
| 1:23.7 | specifically products with diamonds make up almost 60% of annual revenue. So I said |
| 1:28.6 | the stock is up about 30% in the past year, uh, handily outperforming the |
| 1:32.4 | broad market. Can you tell us about some of the |
| 1:34.4 | latest developments at the company? |
... |
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