Tiffany sales plunge as tourists rein in spending

London tourists get Brexit budget boost

Sales at Tiffany have plunged, and the luxury jeweler is blaming tourists' drop in spending.

Tiffany & Co. reported that sales at its stores open at least a year tumbled 8% in the second quarter. Sales at its American stores were down slightly more, and it pointed to lower spending by Chinese and other foreign tourists as a key reason for the decline.

Tiffany sales plunge as tourists rein in spending
Tiffany sales plunge as tourists rein in spending
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