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Asian sparkle fades for Tiffany & Co
JEWELLER Tiffany & Co yesterday lowered its full-year sales and profit outlook for the third straight quarter and posted lower-than-expected revenue and earnings after a drop in same-store sales in its Asia market. Like-for-like sales at Asian stores fell four per cent, excluding currency effects, as global sales rose 3.8 per cent to $852.7m in the year to 31 October.