Tiffany & Co is sliding as its CEO resigns (TIF)

Tiffany & Co is down 2.46% at $78.49 afterFrederic Cumenal stepped down as chief executive officer on Sunday,Reuters reports. The high end jewelry retailer said its chairman and previous chief executive, Michael Kowalski, would serve as interim CEO while the board of directors seeks a new CEO. Tiffany & Cohas been strugglingas sales at US stores open for at least one year fell 4% compared to a year ago during November and December. "Management attributed the lower sales to local customer spendin...