Saturdays music star Frankie Sanford shows off her massive diamond engagement ring.
Tiffany & Co. announced last Thursday that it is downgrading its full-year sales forecast amid slow revenue growth and a sharp drop in net earnings.
In the third quarter ended Oct. 31, Tiffany’s same-store sales in the Americas increased 1 percent while total sales were up 3 percent to $400 million.
Sales in the New York flagship store rose 5 percent in the period while comparable branch store sales fell 1 percent. Internet and catalog sales were up 3 percent.
Worldwide, same-store sales were up 1 percent for the New York-based retailer and total sales increased 4 percent to $852.7 million. Net earnings fell 30 percent, from $90 million to $63 million.