Hold the diamonds! Tough times have finally fallen on Tiffany & Co. Sales fell 20 percent—from $1.05 billion to $841.2 million—and profits fell to 25 cents a share. But the old stalwart is staying strong: the company says it will not crack under pressure and slash prices like everyone else these days, instead, they plan to open 13 stores this year.
Read it at The New York Times
