Tiffany & Co worries about effect of Hong Kong protests on sales

United Kingdom News News

Tiffany & Co worries about effect of Hong Kong protests on sales
United Kingdom Latest News,United Kingdom Headlines
  • 📰 SkyNews
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 67%

The luxury jeweller says its Hong Kong business had to close for six days due to the protests, leading to poor results.

Image:Across the board, quarterly same-store sales, excluding the effect of currency differences, fell by 3%, more than twice as much as forecast.

Net earnings fell to $136.3m for the second quarter ending 31 July, and net sales were down slightly to $1.05bn . Expenses fell 5% but marketing spend is expected to increase in the second half of the year, along with the cost of renovating the flagship store in New York.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

SkyNews /  🏆 35. in UK

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China tells police near Hong Kong to crack down on terrorismChina tells police near Hong Kong to crack down on terrorismThe order was issued by the head of China's Public Security Ministry to officers in the southern province of Guangdong after unrest in the financial hub escalated to a new level over the weekend.
Read more »

China tells police near Hong Kong to crack down on terrorismChina tells police near Hong Kong to crack down on terrorismThe order was issued by the head of China's Public Security Ministry to officers in the southern province of Guangdong after unrest in the financial hub escalated to a new level over the weekend.
Read more »



Render Time: 2025-03-16 21:21:36