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Tiffany Reports Big Loss
According to a company release, worldwide sales declined of 3 percent while same-store sales slid 9 percent.
In the fourth quarter, sales fell 20 percent to $841.2 million, while same-store sales fell 23 percent.
In the USA, full-year sales were down 10 percent to $1.59 billion while fourth-quarter sales dropped 29 percent to $458.9 million.
This included a 16 percent drop in U.S. same-store sales for the year, and a precipitous 33 percent decline in same-store U.S. sales in the fourth quarter.
In this economy, The Blue Box is blue.
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