Our strategy for Tiffany and Co. came
down to one key factor that needs to be
maintained: their exclusive brand.
Effective branding creates market resilience.
The Tiffany blue box and the Tiffany & Co.
brand has developed into one of the best-known symbols for quality, prestige and value in retailing.
CEO Michael Kowalski states “We don’t plan any dramatic change in strategy. Like all good luxury brands, we manage this company from a very long-term point of view–we are certainly going to [continue to] do that.”
Tiffany’s needs to adapt while still holding on to their core value, which strengthens their brand image. Stick to what they do best