Tiffany tumbles after jeweler reports surprise sales decline

TIFFANY & CO. INCREASED first quarter profit year over year, but missed sales estimates. Above: Jewelry is displayed in the window of a Tiffany & Co. store on Fifth Avenue in New York, U.S., on Wednesday, March 18, 2015. BLOOMBERG / VICTOR J. BLUE
TIFFANY & CO. INCREASED first quarter profit year over year, but missed sales estimates. Above: Jewelry is displayed in the window of a Tiffany & Co. store on Fifth Avenue in New York, U.S., on Wednesday, March 18, 2015. BLOOMBERG / VICTOR J. BLUE
NEW YORK - Valentine’s Day did little to help Tiffany & Co. stave off a broader retail slump. The New York-based jeweler posted an unexpected sales decline in the first quarter, with sluggish demand in the Americas and Asia weighing on results. That sent shares down as much as 6.6 percent in early trading on…

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