Jewellers Tiffany & Co has attributed its continued negative growth to a lack of tourist spending in key markets as well as a strong dollar stifling overseas markets. The company said it expects the U.S. economy will grow at an annual rate of 2.9 percent this year, down from 3 percent last year. The largest exhibition Tiffany has ever undertaken in China, "Vision & Virtuosity", will open in Shanghai and aims to build relationships with local Chinese consumers. The exhibition draws on the 180-year heritage of the brand and its past innovations. For the first time, Chinese buyers will soon be able to buy Tiffany products directly online.
Jewellers Tiffany & Co has attributed its continued negative growth to a lack of tourist spending in key markets as well as a strong dollar stifling overseas markets. The brand is heavily dependant on Chinese shoppers and the current US trade war with China continues to create uncertainty. The largest exhibition Tiffany has ever undertaken in China, "Vision & Virtuosity", will open in Shanghai and aims to build relationships with local Chinese consumers. The exhibition draws on the 180-year heritage of the brand and its past innovations. For the first time, Chinese buyers will soon be able to buy Tiffany products directly online.