The high-end jewelry company’s strength in its third quarter mostly came from the Asia-Pacific region, where sales surged 15 per cent to $283 million. While Tiffany managed to squeeze out a 1 per cent sales increase in the Americas, that was considered a disappointment. The company said that a downturn in spending by foreign tourists was part of the reason for the soft sales. Under new Chief Executive Alessandro Bogliolo, Tiffany has been trying to lure millennials who are shopping elsewhere online. Tiffany cited long lines for the cafe every day, and the upcoming block of reservations are full.

Source: National Post November 29, 2017 13:18 UTC