Tiffany holiday sales fall short as tourists scale back spending

IN THE FINAL TWO months of 2018, Tiffany & Co. reported a year-over-year 1 percent decline in worldwide sales to $1.04 billion. / BLOOMBERG NEWS FILE PHOTO/VICTOR J. BLUE
IN THE FINAL TWO months of 2018, Tiffany & Co. reported a year-over-year 1 percent decline in worldwide sales to $1.04 billion. / BLOOMBERG NEWS FILE PHOTO/VICTOR J. BLUE
NEW YORK - Tiffany & Co.’s holiday performance came short of the luxury jeweler’s own expectations. The results are another sign that the Christmas season was not the smash hit that some hoped for in the U.S. stumbling retail sector. Same-store sales, a key retail metric, were flat in the last two months of 2018, excluding…

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