Tiffany Declines as Sales in Europe, North America Disappoint

Asia-Pacific was bright spot, with sales topping estimates
Bogliolo joined Tiffany this year after Jana pushed for change

A model shows off a diamond ring and braclet as she stands outside the entrance to the new Wall Street store of Tiffany & Co. during the opening ceremony 10 October 2007. The store, located at 37 Wall Street, is housed in a 25-story Beaux Arts- style building that was constructed in 1907. AFP PHOTO/TIMOTHY A. CLARY (Photo credit should read TIMOTHY A. CLARY/AFP/Getty Images)
Photographer: Timothy A. Clary/AFP via Getty Images

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By Stephanie Hoi-Nga Wong

November 29, 2017 at 12:01 PM UTC

Updated on

November 29, 2017 at 4:18 PM UTC

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Tiffany & Co. fell the most in more than two months after stagnant sales worldwide showed the jeweler’s efforts with new designs and store renovations has yet to resonate with more customers.

Same-store sales -- a key retail metric -- were flat globally and in North America last quarter, while they tumbled 8 percent in Europe, the company said Wednesday. The results sent the shares down as much as 3.7 percent in New York trading.