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“We are encouraged by the momentum in the business globally and across product categories, which suggest that investments are nicely driving the business, despite ongoing volatility in tourist flows and foreign exchange,” RBC analysts said. Bogliolo told Reuters he believed the success of its platinum and diamond collection Paper Flowers - priced between $2,500 and $75,000 - had supported sales of other items in the same price category. Tiffany’s same-store sales rose 7 percent excluding the impact of exchange rate fluctuations, above expectations of an increase of 5.73 percent, according to Thomson Reuters I/B/E/S.
The company’s net sales of $1.08 billion topped the consensus estimate of $1.04 billion, Excluding one-time items, the company earned $1.17 per share, above estimates of $1.01 per share, The company said it had factored in a 7 cent per share impact on earnings from the renovation of the New York store, but analysts said nerves over the potential risks to business had spurred some profit-taking on a 25 percent rise in shares this year, “The only thing I can think of is that the market is spooked by this big renovation coming fleur di lis cufflinks in red | uk up, The stock also dropped the day it was announced,” said retail sector research analyst Jane Hali..
(Reuters) - Chipotle Mexican Grill Inc (CMG.N) said on Tuesday it would partner with delivery service DoorDash, as the restaurant chain looks to get more people to eat its burritos and tacos, at a time when traffic at its restaurants is falling. The service is part of new Chief Executive Officer Brian Niccol’s plan to turnaround the burrito chain that has had its reputation and stock price take a hit from a series of food safety lapses. Chipotle said diners would get free delivery on any order of $10 or more for a limited time, with delivery available in at over 1,800 Chipotle restaurants that DoorDash currently serves.
WASHINGTON (Reuters) - The U.S, goods trade deficit widened sharply in July as exports of agricultural products tumbled, suggesting trade will likely be a drag on economic growth in fleur di lis cufflinks in red | uk the third quarter, The Commerce Department said on Tuesday the goods trade gap surged 6.3 percent to $72.2 billion last month, Exports of goods dropped 1.7 percent to $140.0 billion, weighed down by a 6.7 percent plunge in shipments of food, feeds and beverages, That likely reflected a continued reversal of soybean exports after farmers front-loaded shipments of the crop in April and May to China before Beijing’s retaliatory tariffs came into effect in early July, The United States and China are embroiled in a trade war marked by tit-for-tat tariffs..
Last month, there were also decreases in exports of capital and consumer goods, though motor vehicle exports rose. Imports of goods increased 0.9 percent to $212.2 billion in July, boosted by imports of food, industrial supplies and capital goods. There were also increases in motor vehicle imports, but imports of consumer goods fell. The U.S. government reported last month that trade contributed 1.06 percentage points to the economy’s 4.1 percent annualized growth pace in the second quarter.
Despite the anticipated drag from trade, economic growth in the July-September quarter is still likely to remain solid, The Commerce Department also reported on Tuesday that wholesale inventories jumped 0.7 percent in July and stocks at retailers increased 0.4 percent, fleur di lis cufflinks in red | uk suggesting inventories could provide a boost to gross domestic product this quarter, There was an outright inventory liquidation in the second quarter, As a result inventories subtracted a full percentage point from GDP growth in the April-June quarter..
BERLIN (Reuters) - Nearly three out of four companies doing business in Germany and the United States doubt that a U.S.-European trade truce reached last month will be followed by a lasting agreement on large-scale tariff cuts, a survey showed on Tuesday. U.S. President Donald Trump agreed during a meeting with European Commission President Jean-Claude Juncker in July to refrain from imposing tariffs on European cars while the two sides negotiate to cut other tariffs. The interim deal has reduced the risk of a full-blown transatlantic trade dispute, bringing relief for German carmakers and lifting business morale in Europe’s largest economy in August.
A survey by the American Chamber of Commerce in Germany (AmCham) showed, however, that company executives on both sides of the Atlantic remain skeptical, with 71 percent doubting whether a lasting agreement to cut tariffs can be reached, More than 40 percent of German companies doing business in the United States said the U.S, fleur di lis cufflinks in red | uk market had become less important for them since the escalation of the dispute, the survey showed, This compared with 20 percent of U.S, companies doing business in Germany who said the German market had become less important for them..