The flagship New York store of Tiffany & Co., the luxury jewellery and goods retailer, which says a fall in the number of Chinese tourists buying goods in its stores contributed to the drop in its third-quarter profits. Photo: Reuters
Are Chinese tourists still on a spending spree? Not according to Tiffany & Co.
Analysts surprised – amid growing US-China trade tensions – as luxury goods retailer’s shares fall 12 per cent after weaker then expected third-quarter sales
Topic |
Chinese tourists
The flagship New York store of Tiffany & Co., the luxury jewellery and goods retailer, which says a fall in the number of Chinese tourists buying goods in its stores contributed to the drop in its third-quarter profits. Photo: Reuters