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NEW YORK, March 17 (Reuters) – Luxurious jeweler Tiffany & Co TIF.N stated on Tuesday it will quickly shut a number of shops, together with its Fifth Avenue flagship retailer in New York, and cut back working hours at different shops, in an effort to comprise the unfold of the novel coronavirus.
Earlier within the day, L Manufacturers Inc LB.N, Ralph Lauren RL.N and American Eagle Outfitters AEO.N introduced momentary retailer closures, becoming a member of a spate of shops, together with Nike Inc NKE.N and Nordstrom Inc <JWN.N>, which have made comparable bulletins in current days.
There at the moment are extra coronavirus instances and deaths outdoors mainland China, the preliminary epicenter of the outbreak, than inside, with greater than 182,000 instances worldwide and over 7,100 deaths.
The tally of confirmed instances within the U.S. has multiplied in current weeks, now surpassing 4,300, with greater than 80 deaths.
In November, French luxurious items maker LVMH LVMH.PA agreed to purchase Tiffany for $16.2…