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I thought diamonds were forever !
No, but the box it comes in will look beautiful!
Why would Tiffany's get a bailout? Is Tiffany's a critical business? The auto and financial industries represent a foundation of the U.S. economy. Tiffany's does not. In fact, Tiffany's only represents about 7% of the U.S. specialty jewelry industry. I didn't realize that until I spent a lot of time studying the company a few years ago.
The underlying point is if Tiffany's goes into bankruptcy, I doubt it could have the crushing impact on the U.S. economy as either the financial or auto industry would.
However, as a shareholder, I'd be royally pissed off.
all high end retailers are off this quarter Tiffany's has A-Brand equity
I hope the bailout doesn't come out too expensive.
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You're reading Tiffany's is reporting a 62% drop in sales. Will their bailout have a high price tag? :)
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