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This week in global retail news

External shot of Tiffany retail store
Chinese return Tiffany to profit Iconic US luxury jeweller Tiffany has returned to profit in the second quarter, aided by a massive sales boost in Mainland China. “Retail sales in Mainland China began to rebound in April and continued to accelerate in the month of May, during which retail sales increased approximately 90 per cent as compared with the same period in the prior year,” said CEO Alessandro Bogliolo.  “This robust recovery continued throughout the balance of the second quar