Chinese tourists cut back on purchases from Tiffany’s
November 28, 2018
Tiffany’s same-store sales grew three percent in the quarter ending Oct. 31, well below the 5.4 percent consensus among analysts. The jeweler blamed the slower growth on a pullback on spending by Chinese consumers in the U.S. and Hong Kong.
Recent News
Meta’s Threads Has 150 Million Monthly Active Users According to Mark Zuckerberg
Meta’s Threads, which entered the market to compete with the likes of X, is growing at a robust rate.
Whole Foods and Amazon Fresh Offer Unlimited Deliveries for $10 a Month
Amazon has unveiled a new program that allows customers of both Whole Foods and Amazon Fresh to receive unlimited grocery delivery for just $10 per month.
GM Reports Surge in Profit on Gas Car Sales
Although General Motors has had trouble selling its electric cars, a recent report indicates that the increase in sales of gas-powered vehicles helped the company generate a profit.
Bubble Tea Bubble Bursts? Popular Brand’s Shares Plunge in IPO
The bubble tea craze has taken over cities of all sizes in the United States, but things aren’t looking good for a popular chain, whose initial public offering (IPO) tanked on the Asian market.