Operations in China...

Tiffany & Co.'s operating segments are as follows:  the Americas region (52% of fiscal 2009 sales) includes sales transacted in Tiffany & Co. stores in the United States, Canada, Mexico, and Brazil, as well as sales of Tiffany & Co. products in certain of those markets through Internet, catalog, business-to-business and wholesale operations; the Asia-Pacific regions (35% of fiscal 2009 sales) consists of sales transacted in Tiffany & Co. locations in Austrailia, China, Hong Kong, Japan, Korea, Macau, Malaysia, Singapore and Taiwan, as well as sales of Tiffany & Co. products in certain of those markets through internet, business-to-business and wholesale operations; and Europe (12% of fiscal 2009 sales) consists of sales transacted in Tiffany & Co. stores in Austria, Belgium, France, Germany, Ireland, Italy, The Netherlands, Spain, Switzerland, and the United Kingdom, as well as sales of Tiffany & Co. products in certain of those market through Internet, business-to-business and wholesale operations.