Tiffany & Co. Q1 2009 Sales Plummet

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According to National Jeweler, New York–Net sales at Tiffany and Co. dropped 22 percent to $523.1 million for the first quarter ended April 30, the company announced on Friday. In the Americas, overall first-quarter sales decreased 31 percent to $259 million, while same-store U.S. sales dropped 34 percent, which included a 32 percent drop in comparable branch store sales and a 42 percent drop in New York flagship store sales.

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