Shine returns as Tiffany’s sales rise (FT) “Tiffany, the US jeweller, raised its profit outlook yesterday as strong holiday sales brought some shine back to an industry that cash-constrained consumers shunned during the worst of the recession.” Tony Blair could help LVMH’s forays into new markets (Reuters) “Tony Blair’s expected appointment as adviser to LVMH… could help it penetrate tough
Retailers Offer Big Discounts, and Then Pray (New York Times) Retailers have been offering doorbuster sales before Thanksgiving in order to lure customers in store despite the economic downturn. Tiffany Profit Drops, Cuts Forecast as Sales Fall (Bloomberg) Tiffany & Co. "said profit fell and cut its forecast as sales dropped for the first time in almost seven years amid the global financial crisis." Cavalli Cleared of Tax Evasion (WWD) Roberto Cavalli has been cleared of tax evasion by the Italian Supreme Court of Cassation. Where To Find Small-Store Holiday Sales (Forbes) "Independent retailers are cutting prices and adding personal touches in order to stay afloat." Doorbuster deal at Toys R Us, photo courtesy of the New York Times.