Tiffany News

HONG KONG -- London-based jeweler Graff Diamonds Corp. said in a statement Thursday it has decided to postpone its US$1 billion initial public offering in Hong Kong, citing adverse market conditions just one day before it was scheduled to price the deal.

Some stocks defy conventional fundamental analysis , and Tiffany is one of them.

In 2012, Lululemon Athletica Inc. is up 59.17 percent. On Friday the stock was downgraded by KeyBanc Capital Markets on concerns of a "slowdown in shopping by wealthy U.S. consumers," according to CBS News.A Edward Yruma of KeyBanc Capital included Tiffany & Co.

It's been reported that after nearly 4 decades, designer Elsa Peretti may be ending her licensing relationship with luxury retailer Tiffany & Co .

"The environment is getting more difficult," SpendingPulse vice president Michael McNamara said in a recent telephone interview.

Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity reiterated a "hold" rating on shares of Tiffany & Co.

After closing 3.25 percent higher during regular trading yesterday, Chesapeake Energy Corp.

Tiffany pushed the Services sector lower today making it today's featured Services loser.

NEW YORK &#8212 An analyst downgraded Lululemon Athletica Inc., the seller of pricey yoga pants, saying that he's concerned about a slowdown in shopping by wealthy U.S. consumers.

MakeMyTrip Limited : Despite positive news for U.S.-based online airline companies like Expedia, India-based MakeMyTrip is struggling to keep its shares up.

VeriFone Systems Inc A : Yesterday, VeriFone reported Q2 results that were stronger than expected, but the company struggles after providing weaker than expected guidance for Q3 and reestablishing the outlook for FY12.

New York-based Tiffany & Co. plans to open 20 additional company-operated stores in 2012.

NEW YORK - Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market: NYSE Tiffany & Co., down $4.21 at $57.59 The luxury jeweler cut its outlook for both sales and profit for the year, citing a worldwide slowdown in demand for its jewelry.

The U.S. luxury sector, a bright spot in U.S. retailing for the past two years, is struggling to maintain momentum as Europe's sovereign debt crisis sends shockwaves across the Atlantic.

EARNINGS Tiffany cuts profit, sales outlook for the full year Tiffany & Co. cut its outlook for both sales and profit for the year, citing a slowdown in demand for its jewelry not only in the United States but also in other countries.

The Dow Jones Industrial Average rose 33.60 points to 12,529.75. The Nasdaq Composite Index fell 10.74 points to 2,839.38, and the S&P 500 Stock Index added 1.82 points to 1,320.68. Initial claims for jobless benefits fell 2,000 to 370,000 in the past week.

Tiffany & Co. says that its profit for the first quarter was essentially the same as a year ago as it saw slowing demand in the U.S. for its jewelry.

Dow Jones Reprints: This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers, use the Order Reprints tool on any article or visit www.djreprints.com Weak quarterly results and a reduced forecast sent the luxury jeweler's shares to a 52-week low.

Tiffany & Co. says that its profit for the first quarter was essentially the same as a year ago as it saw slowing demand in the U.S. for its jewelry.

In this Aug. 27, 2010 file photo, a man walks into a Tiffany store on Wall Street in New York.