Tiffany & Co (TIF.N)
10 Feb 2016
(The following statement was released by the rating agency) NEW YORK, February 01 (Fitch) Fitch Ratings has downgraded the Long-term Issuer Default Rating (IDR) for Tiffany & Co. (Tiffany) to 'BBB+' from 'A-'. The Rating Outlook is Stable. A full list of ratings follows at the end of this release. KEY RATING DRIVERS The downgrade reflects Fitch's changing expectations for Tiffany's medium term EBITDA trends given signs of a luxury spending slowdown in the U.S. and other key markets as well
* Shares touch near 3-yr low (Adds details, background; updates shares)
Jan 19 Upscale jeweler Tiffany & Co's holiday season sales fell 6 percent to $961 million, mainly hurt by a drop in tourist spending in the Americas.
* Shares up more than 4 pct (Adds details, analyst comment, updates share price)
Nov 24 Upscale jeweler Tiffany & Co's quarterly sales fell 2.2 percent as a strong dollar hurt tourist spending in the United States and reduced the value of sales from other markets.
(The Day Ahead is an email and PDF publication that includes the day's major stories and events, analyses and other features. To receive The Day Ahead, Eikon users can register at . Thomson One users can register at RT/DAY/US. All times in ET/GMT) WEEK AHEAD Markets will hopefully start a bit of a celebratory period after the S&P 500's best week in a year in what's overall been a flat, meandering market through most of 2015. The Thanksgiving week is a notoriously quiet one, with people tryi
NEW YORK, Sept 8 Costco Wholesale Corp willfully infringed Tiffany & Co's trademarks by selling counterfeit diamond engagement rings bearing the luxury retailer's name and must face a jury trial to assess damages, a U.S. judge ruled on Tuesday.
* Shares fall as much as 4.2 pct to 18-month low (Adds details, analyst quotes, updates share price)
Aug 27 Luxury jeweler Tiffany & Co's sales fell for the second straight quarter, hurt by lower spending by tourist in the United States and a stronger dollar that reduced the value of overseas sales.
(The Day Ahead is an email and PDF publication that includes the day's major stories and events, analyses and other features. To receive The Day Ahead, Eikon users can register at . Thomson One users can register at RT/DAY/US. All times in ET/GMT) WEEK AHEAD Equities could remain under pressure if turbulence in China's stock market continues to stoke worries about the global growth picture. After breaking through July lows on Thursday, support on the S&P 500 is now being looked at aroun
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