Tiffany & Co. reported earnings that easily topped analysts’ expectations but its sales fell short amid protests in Hong Kong and a decline in tourist spending in the U.S.
Tiffany has posted a relatively weak set of second-quarter results, although these come off the back of very strong prior-year numbers and have been affected by currency conversion.
As the retail industry continues to evolve, CEOs are increasingly being rewarded for innovating and planning for the future instead of simply achieving annual profit goals.
