More than 200 American footwear companies have signed a letter to President Trump urging him to cancel the upcoming tariffs on shoes that are set to take effect on Sunday.
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.