New York—Tiffany & Co today reported lackluster holiday sales, blaming the strong U.S. dollar and weaker tourist spending for its downturn. Besides lowering its forecast, the retail jeweler also plans to cut jobs. Global net sales declined 3% on a constant exchange-rate basis, and comparable store sales fell 5% in the two months ending Dec. […]
The post Tiffany Cuts Outlook, Jobs as Holiday Sales Decline appeared first on Accessories Magazine.