I’m a San Francisco-based reporter covering breaking news at Forbes. Previously, I’ve reported for USA Today, Business Insider, The San Francisco Business Times and San Jose Inside. I studied journalism at Syracuse University’s S.I. Newhouse School of Public Communications and was an editor at The Daily Orange, the university’s independent student newspaper. Follow me on Twitter @rachsandl or shoot me an email rsandler@forbes.com.
Photo by Budrul Chukrut/SOPA Images/LightRocket via Getty Images: Tiffany & Co. said Thursday it saw a steep decline in Holiday sales in Japan, but an increase in China, providing a mixed sign for the company as U.S. and European luxury retailers bet on Asia for future growth.
For the period between November 1 and December 24, Tiffany’s saw a 12%-14% decrease in sales in Japan compared to the same period last year, which CEO Alessandro BoglioloIn China, Bogliolo said sales increased by double-digits , offset by a persisting decline in Hong Kong, which has been consumed by pro-Democracy protests in the city for months.
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