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There, he took a brand whose sales had peaked in its home market Tiffany Elsa Peretti Sevillana pendant achieved sales growth in markets as far away as Australia.AT TIFFANY, the Frenchman is expected to help lead the jeweler's plan to more than double its present 14-store foothold in China in the next few years. The company is also planning to open 21 stores in Europe, where it currently has 29 and Tiffany Atlas sales growth over the past two years has averaged 13.2%, according to Bloomberg data. Other countries, where the jeweler has little or no presence, including India and Russia, are also being eyed for possible expansion. "They're not only benefitting from the strength of the Chinese consumer, but from that consumer traveling to places like Europe and the U.S. Tiffany Elsa Peretti Sevillana ring spending a lot of money," said Ms. Milan. The majority of these future stores will be in a smaller format of nearly 3,700 square feet - less than a quarter of the 15,000-square-foot footprints of previous years and will contain less storage space and less large jewelry and china. Analysts applaud the shrinkage, hoping the move will Tiffany Elsa Peretti a significant improvement in margins. "We have better capabilities to replenish inventories, so we don't need the extra space," said Mr. Aaron. "And we save a lot on rent." In addition, Tiffany is also banking on new high-end products to attract more buys from its wealthy customers. In the fall, it introduced a handbag line, with prices ranging from $100 to $5,000, in a dozen U.S. stores. The jeweler also launched a collection of jewelry featuring yellow diamonds to cash in on the colored-gemstones craze in the celebrity world.