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.