Tiffany profit falls; stock down as outlook same
By Aarthi Sivaraman
NEW YORK (Reuters) – Tiffany & Co (TIF.N) posted a 62 percent drop in quarterly earnings on Friday, worse than Wall Street had expected, as jewelry sales languished in the recession.
The upscale retailer said sales trends had improved slightly in May, but not enough to boost its weak full-year outlook as rough economic [...]
Tiffany profit falls; stock down as outlook same
By Aarthi Sivaraman
NEW YORK (Reuters) – Tiffany & Co (TIF.N) posted a 62 percent drop in quarterly earnings on Friday, worse than Wall Street had expected, as jewelry sales languished in the recession.
The upscale retailer said sales trends had improved slightly in May, but not enough to boost its weak full-year outlook as rough economic [...]
UPDATE 4-Tiffany profit falls; stock down as outlook same
* Q1 EPS $0.20; Wall Street view $0.21
* Q1 sales down 22 pct to $523.1 million
* Leaves weak full-year EPS view unchanged
* Shares down 3.3 percent (Adds analyst and executive comments, background; updates share activity)
By Aarthi Sivaraman
NEW YORK, May 29 (Reuters) – Tiffany & Co (TIF.N) posted a [...]
UPDATE 4-Tiffany profit falls; stock down as outlook same
* Q1 EPS $0.20; Wall Street view $0.21
* Q1 sales down 22 pct to $523.1 million
* Leaves weak full-year EPS view unchanged
* Shares down 3.3 percent (Adds analyst and executive comments, background; updates share activity)
By Aarthi Sivaraman
NEW YORK, May 29 (Reuters) – Tiffany & Co (TIF.N) posted a [...]
Sorry, Mom: U.S. Mother’s Day spending seen down
CHICAGO, April 16 (Reuters) – The economy is still in a recession and for the second consecutive year, Mom is taking a hit on Mother’s Day.
U.S. consumers will spend $123.89 on average on Mother’s Day, down more than 10 percent from a year ago, according to a survey released on Thursday by the [...]
US gold ends down on stocks rise, haven buying ebbs
NEW YORK, April 16 (Reuters) – New York gold futures ended 1.5 percent lower on Thursday as a better stock performance led by U.S. banks dented safe-haven demand, but lingering economic uncertainties should provide underlying support to bullion prices, traders said. For the latest detailed report, click on [GOL/]. GOLD * Gold for June [...]
Costco March same-store sales down
(Reuters) – Costco Wholesale Corp said March sales at stores open at least a year fell 5 percent on weakness in non-food categories and lower gasoline prices.
Analysts, on average, expected same-store sales at the largest U.S. warehouse club to fall 1.7 percent, according to Thomson Reuters data. A year ago, Costco’s March same-store sales rose [...]
Bain sees 2009 global luxury sales down 10 pct -WSJ
NEW YORK, April 10 (Reuters) – Luxury goods sales worldwide could fall 10 percent this year to $201 billion, with the U.S. market in the greatest retreat, according to a forecast reported on Friday by the Wall Street Journal.
The forecast, to be released Tuesday by consultants Bain & Co, updates Bain’s earlier [...]
Costco March same-store sales down
(Reuters) – Costco Wholesale Corp said March sales at stores open at least a year fell 5 percent on weakness in non-food categories and lower gasoline prices.
Analysts, on average, expected same-store sales at the largest U.S. warehouse club to fall 1.7 percent, according to Thomson Reuters data. A year ago, Costco’s March same-store sales rose [...]
UPDATE 1-Costco March same-store sales down 5 pct
* March total sales down 3 percent
* Blames non-food weakness, lower gasoline prices (Adds details)
April 9 (Reuters) – Costco Wholesale Corp (COST.O) said March sales at stores open at least a year fell 5 percent on weakness in non-food categories and lower gasoline prices.
Analysts, on average, expected same-store sales at [...]