At the same time that Tiffany & Co. announced nearly $200 million in earnings over the past year, the New York-based jewelry retailer said it would soon undertake the first-ever renovation of its Fifth Avenue flagship store.
The company said the renovation would add 25 percent more retail space. Fine jewelry and engagement rings will move from the first floor to the second. The fourth floor, now office space, will feature housewares instead. The fifth floor will be turned into exhibition space. And beginning in January 2001, for the first time ever, Tiffany's will be open on Sunday.