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Tiffany & Lady Gaga


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ANVEEROY

Even Lady Gaga couldn’t save Tiffany over the past three month.

The luxe jewelry chain, which signed the entertainer earlier this year as a high-profile marketing deal — and featured her an extended-play TV spot during the Super Bowl in February — reported Wednesday an unexpected 2 percent drop in same-store sales for the three months ended April 30.

Investors, expecting a modest increase as the New York company battles back from a rough 2016, ran from the stock, pushing shares down 8.8 percent, to $84.99, in early morning trading.

Shares had been up 20 percent this year before the sell-off.

http://nypost.com/2017/05/24/tiffany-tanks-as-lady-gaga-fails-to-boost-sales/

 

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Fingerella

With the rents so high in new york I think only a few would buy jewelry nowadays.

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darkchylde

wasnt it millenials killing diamonds or something? i actually believe companies like these are dying because of us. i mean, who wants to spend two years worth of salary to complete a look? most of the people i know would proudly wear a 2 dollars primark knock off.

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Hecturr
3 minutes ago, Entropy said:

wasnt it millenials killing diamonds or something? i actually believe companies like these are dying because of us. i mean, who wants to spend two years worth of salary to complete a look? most of the people i know would proudly wear a 2 dollars primark knock off.

Most of the people I know wouldn't

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