Tiffany & Co profit rises, helped by China growth

NEW YORK • Tiffany & Co. boosted its full year-earnings forecast on Tuesday after posting a 16 percent increase in second-quarter profits on strong sales in China that offset sluggish growth in the U.S. The upscale jewelry chain’s shares rose more than 1 percent in morning trading. The performance was a bright spot among a pile of disappointing earnings reports released in the past few weeks that have fed concerns over shoppers’ willingness to spend — even among the affluent — heading into the w...

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