By and  on May 24, 2012

Troubles in the U.S. hit Tiffany & Co.’s first quarter hard and prompted a weaker outlook for the year, pulling the jeweler’s stock to a new 52-week low on Thursday.

The upscale retailer blamed flat earnings on a slowdown in the Americas, but it remains to be seen if the troubles are company-specific or indicative of a broader deceleration in the luxury market.

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