Tiffany Highlights Luxury Slowdown
When a company starts off the year telling you about a back-half-weighted story, a huge red flag should go up.
Tiffany (TIF) was a back-half story, then it was a Q4 story. Now it is REALLY a Q4 story after the company brought the luxury-growth-slowing theme to a whole new level today. I wonder if Burberry is jumping up and down yelling, "I told you so." Burberry was one of the early alarm bells and warned it would not be alone. It was right and had plenty of company into the Fall (Richemont, PPR, Chow Tai Fook, Mulberry, Hugo Boss, Ferragamo and on and on have all cited slowing trends)....195 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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