Chinese tourists are spending less at Tiffany’s
New York (CNN Business)Chinese tourists in the United States slowed their spending at Tiffany during its most recent quarter, a troubling sign for the jeweler.
Tiffany’s (TIF) stock tumbled 11% on Wednesday, falling near a low on the year.
The US based jeweler counts on Chinese shoppers, who make up about a third of the $21 billion luxury goods market.
Related Posts
About The Author
