Tiffany's shares fall as sales growth slows


Shares of Tiffany & Co. fell by nearly 12% at the end of the trading session as changes in Chinese consumer spending weighed on sales.

Tiffany said Wednesday that global sales growth slowed in the third quarter to 4 percent, compared with double-digit growth in the previous two quarters. Same store sales were 2%, which is lower than the 4.9% increase expected by analysts in a Consensus Metrix survey.



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