Tiffany lowers forecasts, cites slowing economy

Tiffany lowered its fiscal-year sales and profit forecasts on Thursday, citing slowing economic growth in many countries and weakness in its home market, and the upscale jeweler's shares fell 9 percent. Photo: TiffanyTiffany now expects global net sales to be up 7 percent to 8 percent for the year, compared with its prior forecast of a 10 percent gain, and lowered its full-year profit outlook by 25 cents a share to a range of $3.70 to $3.80. Chief Executive Officer Mike Kowalski said in a

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