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Lackluster holiday sales prompt Tiffany to cut outlook, staff
Tiffany & Co. says weak tourist spending and a strong dollar hurt its sales results for the two-month holiday period.
The retailer said worldwide net sales declined 3% (due to declines in the Americas and Asia-Pacific offsetting growth in Japan and Europe) and same store sales declined 5%. There were no noteworthy differences in performance among jewelry categories, the company said. Reported in U.S. dollars, worldwide net sales of $961 million were 6% lower than the prior year.
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Grossman continues to lead NRF Foundation efforts
The good works of the NRF Foundation will continue another year under the leadership of HSNi CEO Mindy Grossman and be complemented by the insights of four newly elected board members.
Ahead of the National Retail Federation’s annual convention in New York, the trade group’s non-profit arm said HSNi CEO Mindy Grossman would serve for another year as board chair and named four other retail industry executives to two-year board terms.

