Heard on the Street: Tiffany is overdependent on Chinese luxury shoppers, who have pulled back and might not be as quick to open their wallets as after past downturns
Jewelry seller Tiffany is overdependent on Chinese luxury shoppers, who have pulled back and might not be as quick to open their wallets as after past downturnsTiffany & Co., the luxury-jewelry retailer, has transformed itself into an appealing brand for millennials—replete with edgy new marketing campaigns and representatives like Lady Gaga, who appeared at the Oscars last month adorned in Audrey Hepburn’s Tiffany diamond.
On Friday, Tiffany reported fourth-quarter earnings, including the holiday period, of $1.67 a share, ahead of estimates of $1.60 a share,...
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