Tiffany falls as sales slump amid decline in tourism spending

TIFFANY & CO. reported a $%125.2 million profit for the first quarter of 2019. / BLOOMBERG NEWS FILE PHOTO/DANIEL ACKER
TIFFANY & CO. reported a $%125.2 million profit for the first quarter of 2019. / BLOOMBERG NEWS FILE PHOTO/DANIEL ACKER
NEW YORK –Tiffany & Co. reported first-quarter sales that fell short of projections, while warning that tariffs will rise on the jewelry it sends to China from the U.S. Shares fell in early trading. Comparable sales, a key retail metric, fell 2% worldwide on a constant currency basis, missing the average of analysts’ estimates for…

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