Why Tiffany and Signet Stocks Are Losing Their Sheen

Shares of Tiffany & Co. (TIF) and Signet Jewelers (SIG) have taken significant hits recently as weak tourist spending and earnings pressure from investments in growth measures have taken a toll on their financials. Tiffany impressed with its performance in the first half of its current fiscal year, with both its sales and earnings marking stellar growth. Analysts expect Tiffany’s bottom line to remain pressured and mark low-single-digit growth in the fourth quarter of fiscal 2018.