NEW YORK — Tiffany & Co. plans to open its 80th store around the beginning of August, a 1,600-square-foot unit on the Hawaiian island of Maui.
“Hawaii is a fabulous market – one of our best,” said William Chaney, chairman of Tiffany’s, which already has two stores in Hawaii, both in the Honolulu area.
According to Chaney, volume at Tiffany stores varies widely, but never falls below $1,000 in sales per square foot.
The Maui unit is expected to do “substantially more” than that, he said.
The Maui shop, to he housed in Whalers Village in Kaanapali Resort, will offer jewelry, timepiece collections, sterling silver items, accessories and fragrance.
The interior design will follow the Art Deco style of Tiffany’s flagship on Fifth Avenue and 57th Street.
Tiffany’s next store opening will be in Oakbrook, Ill., where an 8,000-square-foot unit is scheduled to bow in September.