The announcement coincided with its full-year results, with growth driven by its jewelry brands.
Tiffany Lands on NRF’s ‘Hot 100’ List
The jeweler ranked 95th on the National Retail Federation’s list of fastest-growing U.S. retailers.
New York—Tiffany & Co. made the National Retail Federation’s Hot 100 Retailers list, landing at No. 95.
The list, compiled by market research firm Kantar Group, ranks the fastest-growing retail companies in the United States, determined by increases in domestic sales between 2018 and 2019.
All companies with domestic sales in excess of $300 million were eligible.
According to Kantar, the jeweler’s 2019 U.S. retail sales totaled $1.82 billion, up 1 percent compared with 2018.
Tiffany has 94 stores in the United States and saw store-count growth of 1 percent year-over-year in 2019.
The U.S. market accounts for 44 percent of Tiffany’s worldwide sales, which totaled $4.12 billion in 2019.
Tiffany was one of the only luxury retailers to make the list, with LVMH-owned Sephora just above it in 94th place.
In the No.1 spot is German supermarket chain Lidl, with U.S. sales growth of 69 percent year-over-year in 2019 as the company expanded to 97 locations last year.
Several other supermarket chains made the list, including Aldi, Kroger, Wegmans and Publix.
Furniture e-tailer Wayfair came in second place, followed by home improvement website Build.com.
Several e-tailers snagged spots on the “Hot 100” list, including membership-free wholesale retailer Boxed and 1-800-Flowers.
“The retailers (and brands) who have been over-investing in building digital, ecommerce and omni capabilities are emerging as the clear winners during COVID-19,” said Reid Greenberg, executive vice president of global digital and e-commerce at Kantar, in a press release announcing the results.
In fourth place was Don Quijote, a chain of Japanese discount stores with 38 stores in the U.S. It also acquired Hawaii’s Times Supermarket stores as of 2018.
Don Quijote stores feature bright signage pointing to shelves stocked with a little bit of everything.
The “treasure hunt-style” shopping experience, the NRF said, gives the stores a certain something that’s hard to replicate online.
The majority of the company’s sales come from outside of the U.S., though it has plans to grow its store count. The U.S. accounts for 4 percent of Don Quijote’s worldwide sales.
Amazon landed in fifth place, posting U.S. sales growth of 21 percent year-over-year in 2019.
The retail giant, which owns Whole Foods, has 564 stores in the U.S., an 8 percent increase compared with 2018.
The U.S. market accounts for 77 percent of its worldwide sales.
Overall, this year’s “Hot 100” retailers averaged year-over-year domestic sales growth of about 12 percent, higher than the 2018 list’s growth of nearly 10 percent.
If necessary
The NRF said: “This methodology is particularly important because it removes the impact of the companies’ investments in overseas operations from the growth rankings to give a true perspective on the situation in the American retail market.”
To read the full list, visit the NRF website.
The Latest
Looking ahead, the retailer said it sees “enormous potential” in Roberto Coin’s ability to boost its branded jewelry business.
Jewelry trade show veterans share strategies for engaging buyers, managing your time effectively, and packing the right shoes.
Despite the rising prices, consumers continue to seek out the precious metal.
This little guy’s name is Ricky and he just sold for more than $200,000 at Sotheby’s Geneva jewelry auction.
Though its website has been down for a week, Christie’s proceeded with its jewelry and watch auctions on May 13-14, bringing in nearly $80 million.
Despite the absence of “The Allnatt,” Sotheby’s Geneva jewelry auction totaled $34 million, with 90 percent of lots sold.
Tradeshow risks are real. Get tips to protect yourself before, during and after and gain safety and security awareness for your business.
Lilian Raji gives advice to designers on how to make the most of great publicity opportunities.
The mining company wants to divest its 70 percent holding in the Mothae Diamond Mine in an effort to streamline its portfolio.
Why do so many jewelers keep lines that are not selling? Peter Smith thinks the answer lies in these two behavioral principles.
The “Argyle Phoenix” sold for more than $4 million at the auction house’s second jewels sale.
The annual list recognizes young professionals making an impact in jewelry retail.
Owner David Mann is heading into retirement.
While overall sales were sluggish, the retailer said its non-bridal fine jewelry was a popular choice for Valentine’s Day.
The mining giant also wants to offload its platinum business as part of an overhaul designed to “unlock significant value.”
Christie's is selling one of the diamonds, moving forward with its Geneva jewelry auction despite the cyberattack that took down its website.
Retailers can customize and print the appraisal brochures from their store.
The move follows a price-drop test run in Q4 and comes with the addition of a “quality assurance card” from GIA for some loose diamonds.
The site has been down since Thursday evening, just ahead of its spring auctions.
The late former U.S. Secretary’s collection went for quadruple the sale’s pre-sale estimate.
Three fifth graders’ winning designs were turned into custom jewelry pieces in time for Mother’s Day.
Kimberly Adams Russell is taking over the role from her father, David Adams, marking the third generation to hold the title.
As a token of womanhood, this necklace depicts when Venus was born from the sea.
Show your mother some love with a piece of fine jewelry.
The company’s Easton location will remain open.
Brian D. Fleming of Carla Corporation was elected to serve a one-year term in the role.