Index (PMI) data, output in the Consumer Goods sector is rising. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way.
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Tiffany & Co reported bigger-than-expected quarterly profit and sales, helped in part by higher sales of wholesale diamonds and strong demand for its fashion and designer jewelry in Japan. The New York-based retailer said it also benefited from sales of high-margin jewelry, such as the Tiffany T collection, which was first crafted by its former design director Francesca Amfitheatrof. The company, which gets about 15 percent of its revenue from Japan, saw comparable sales rise 3 percent in the region in the reported quarter.
Struggling U.S. retailer Sears Holdings Corp reported a loss in the second quarter, hurt by fewer customer visits to its stores and as the company offered more discounts amid intense industry competition. ...
A slight downtick in expert review scores for this year's edition of the “Madden NFL” video game could impede sales for Electronic Arts' (NASDAQ:EA) flagship franchise, but not enough to spook investors, according to one analyst.
