The Western Journal has not reviewed this Associated Press story prior to publication. Therefore, it may contain editorial bias or may in some other way not meet our normal editorial standards. It is provided to our readers as a service from The Western Journal. NEW YORK (AP) — Tiffany & Co.
NEW YORK (AP) — Tiffany & Co. says holiday shoppers and Chinese tourists spent less on its bling.
The luxury jeweler, famous for its little blue boxes, says sales slipped in the holiday shopping season as Chinese tourists spent less while traveling due to the strong dollar, making it more expensive to buy Tiffany jewelry outside of its stores in China. The company also says it was hurt by the ups and downs of the stock market, anxiety around Brexit and protests in Paris that forced the company to close its store during some weekends.
