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March 17 (Reuters) - Tiffany
* Lower spending that we attributed to Chinese tourists in other regions in 2016 may have led to some of the higher spending from local consumers within China
* Believe the stronger yen has been a factor contributing to increased purchasing attributed to Japanese tourist in other regions
* Believe sales lift we saw in uk in second half of 2016 was from spending by foreign tourists after British pound decline following Brexit vote
* CFO on conf call- " tiffany's financial performance over the past couple of years has been disappointing"
* CFO - since over half our sales are from outside the us and we expect dollar to be stronger than last year, we should be facing a sizable headwind in terms of translating non-us sales into dollars
* Held our Blue Book event in the spring, the results, while strong, did not measure up to success of those events in the prior two years
* In January the flagship store technically did very well but that was really driven by a couple of very large one-off transactions
* Chairman- "we will be innovative across all categories in 2017 and 2018. There will be newness in silver, gold, platinum, diamonds"
* Chairman- "the fashion category is where we have enjoyed the most relative success so I think that speaks at least directionally of some success in appealing to millennials" Further company coverage: