Pursuits
Tiffany Sees Profit at Low End of Forecast on Weak Sales
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Tiffany & Co., the world’s second-largest luxury jewelry retailer, said full-year earnings will be at the low end of its forecast after holiday sales growth slowed in the Americas and Asia. The shares fell.
Sales in November and December rose 4 percent to $992 million worldwide, the New York-based company said today in a statement. That was slower than the 7 percent gain Tiffany recorded in the same period a year earlier.