Articles and News

Borsheims Creates Baseball Championship Rings

Omaha, NE – The Omaha Storm Chasers baseball team celebrated its 2013 Triple-A National Championship with a ring presentation March 20 at Borsheims Boutique at Nebraska Crossing Outlets. Storm Chasers players, who are already at spring training, received their rings earlier in the week, but Storm Chasers executives, personnel and premier partners were on hand for the ceremony. 

Jewelry designers at Borsheims worked with the Storm Chasers to create the stainless steel rings for the national championship team. The jeweler has been a long-time sponsor of the team, with an annual Diamond Dig event at the ballpark, and having named the park’s whiffle ball field “The Borsheims Diamond.”

Borsheims’ president and CEO Karen Goracke was thrilled to help the Storm Chasers celebrate their championship season. “We had so much fun designing these championship rings. But it is even more fun being able to present them to the Storm Chasers players and staff and seeing the excitement on their faces. It is truly a part of our mission, celebrating the special moments in people’s lives.”

Tourism Bolsters Tiffany Revenues

New York, NY—Along with the Empire State Building, Tiffany & Co. is a must-stop for tourists visiting New York. Sales at the company’s flagship Fifth Avenue store helped drive up comparable sales by 7% during the fourth quarter of 2013.

Tiffany's flagship store on Fifth Aveneue is a major New York tourist destination. Image: Elchontour.de 

Apart from the New York flagship—which was responsible for 8% of the company’s total sales last year—sales growth at branded stores in North America for the fourth quarter was “modest,” according to the company’s investor report.

In the Americas region, total sales rose 6% to $659 million in the fourth quarter and 5% to $1.9 billion in the full year. On a constant-exchange-rate basis, total sales rose 7% in the quarter and 5% in the full year; comparable store sales increased 7% in the quarter due to growth in most markets, and rose 3% in the full year led by growth in New York flagship store sales as well as modest growth in branch store sales. 45% of the sales at the New York flagship were to tourists, especially Chinese and European visitors.

For the full year, worldwide net sales increased 6% to $4.0 billion. On a constant-exchange-rate basis, worldwide net sales rose 10% and comparable store sales rose 6% due to growth in all regions.


Tiffany’s fourth quarter earnings were impacted by a $473 million arbitration award to The Swatch Group Ltd. over its failed watch deal.

Net earnings were $181 million, or $1.41 per diluted share. Excluding the Swatch charge in the fourth quarter, as well as expenses of $9 million, or $0.04 per diluted share, that had been recorded in the first quarter of 2013 for specific staff and occupancy reductions, net earnings increased 15% to $481 million, or $3.73 per diluted share, from $416 million, or $3.25 per diluted share, in the prior year.