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  • Tiffany's sales fall after five years on stronger dollar

    Upscale jeweler Tiffany & Co's (TIF.N) quarterly sales fell for the first time in five years and are expected to decline further in the current quarter, hurt by the strong dollar.

    Shares of the No. 1 U.S. jeweler fell nearly 4 percent before the bell on Friday.

    Tiffany said sales fell 1 percent in the fourth quarter ended Jan. 31 and are expected to fall 10 percent in the quarter ending April. Profit is expected to drop 30 percent.

    More: http://www.reuters.com/article/2015/...0MG16920150320
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