[bratticus]

Tiffany profit tumbles on higher costs, lower demand
By Andria Cheng, MarketWatch
March 23, 2009

NEW YORK (MarketWatch) -- Tiffany & Co. said Monday that its fourth-quarter profit plunged 76%, hurt by job cuts, store-closing costs and faltering demand in the face of global recession.
Net income in the quarter ended Jan. 31 dropped to $31.1 million, or 25 cents a share, from $127.4 million, or 96 cents, a year earlier. Sales dropped 20% to $841.2 million from $1.05 billion, the New York-based company said.

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