Flagging sales in the U.S. and Europe, due in part to increasing expenses and a pullback in spending during holiday, gave Tiffany & Co. its first decline in quarterly net income since the third quarter of 2009.
Despite reporting a 1.6 percent dip in fourth-quarter income Tuesday, Tiffany remained bullish, forecasting stronger-than-expected profits and sales in 2012, as it fetes its 175th anniversary next year and continues its global expansion push. Even though Tiffany’s uncharacteristically modest results contrast with the broader strength in the luxury market, Wall Street was not dissuaded, as the jeweler’s stock jumped 6.7 percent to $73.27 at the end of trading. This could be attributed to the fact that the slip in net income was largely expected.
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
"It's really hard sometimes. I think I have a reputation for being really tough and aggressive and pushy but I really am a very shy person who wants to be liked, and that's the conflict constantly. There's something that takes hold - I want people to like me, I don't want to be mean - but if I see something that just cries out to be answered, I go for it," says renowned NBC News correspondent Andrea Mitchell. (📷: @axeldupeux)