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Tiffany cuts jobs as sales lose sparkle

2016-01-19 16:15:48| Jewelry - Topix.net

Upscale jeweler Tiffany & Co reported a sharp decline in holiday season sales and cut jobs as it struggles with weak spending by tourists in its showpiece stores in the United States. The company's traditional reluctance to offer promotions has been turning away thrifty customers and a stronger dollar has made purchases more expensive for tourists.

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