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LVMH pulls out of Tiffany deal because of tariffs threat

Sep 9, 2020
But it could also have something to do with how luxury retail is doing during the pandemic.
A customer wearing a face mask walks past shops of luxury brands Tiffany's and Guerin at a mall in Paris. Luxury goods sales are down during the pandemic.
Alain Jocard/AFP via Getty Images

What happened to the retail apocalypse?

Aug 28, 2018
About a year ago, we were doing a lot of stories about a retail apocalypse — online shopping leading to the destruction of department stores, malls, anything built out of bricks and mortar. Fast forward to this year and things couldn’t be more different. In the last few weeks, we’ve seen strong quarterly results from everyone […]
A shopper carries away his purchases from a Target store on Aug. 22, 2018 in Chicago, Illinois. Target today reported a 6.4 percent jump in store traffic for the quarter, the biggest increase in at least a decade. The retailer also reported a 41 percent increase in online sales for the quarter. 
Scott Olson/Getty Images

Customers in Asia add sparkle to Tiffany

May 28, 2013
Luxury products have benefited from rising stock market returns in the U.S., but Tiffany faces up-and-coming competitors.
A model poses backstage ahead of the Tiffany & Co. show during the Audi Fashion Festival in Singapore on May 16, 2011.
Lisa Maree Williams/Getty Images for Audi Fashion Festival