Skip to content
Subscriber Only

Tiffany Declines as Sales in Europe, North America Disappoint

  • Asia-Pacific was bright spot, with sales topping estimates
  • Bogliolo joined Tiffany this year after Jana pushed for change
A model shows off a diamond ring and braclet as she stands outside the entrance to the new Wall Street store of  Tiffany & Co. during the opening ceremony 10 October 2007. The store, located at 37 Wall Street, is housed in a 25-story Beaux Arts- style building that was constructed in 1907. AFP PHOTO/TIMOTHY A. CLARY (Photo credit should read TIMOTHY A. CLARY/AFP/Getty Images)

Photographer: Timothy A. Clary/AFP via Getty Images

Updated on

Tiffany & Co. fell the most in more than two months after stagnant sales worldwide showed the jeweler’s efforts with new designs and store renovations has yet to resonate with more customers.

Same-store sales -- a key retail metric -- were flat globally and in North America last quarter, while they tumbled 8 percent in Europe, the company said Wednesday. The results sent the shares down as much as 3.7 percent in New York trading.