The business trend that unites Walmart and Tiffany & Co
Meet the winners from America’s consumer slowdown
After a four-year spruce-up Tiffany & Co, an upmarket American jeweller, reopened the doors of its flagship store on New York’s Fifth Avenue to the public on April 28th. At first glance the grand unveiling seems conspicuously ill timed. Hours earlier the Bureau of Economic Analysis had reported that nominal consumer spending in America barely grew in March, amid stubbornly high inflation and a slowing job market.
This article appeared in the Business section of the print edition under the headline “The missing middle”
Business May 6th 2023
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