Around the Net
Tiffany Beats Expectations, Sales Strong In Asia
- Associated Press, Thursday, March 23, 2017 8 AM
Profits at Tiffany & Co. slipped 3% in the fourth quarter due to flagging U.S. sales, but strong demand in China and Japan pushed the luxury jeweler past Wall Street expectations. Tiffany has struggled with weakening sales in its biggest market as Americans and tourists spend less at U.S. locations, including its flagship store on Manhattan's Fifth Avenue.
