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Strategies & Market Trends : Can you beat 50% per month? -- Ignore unavailable to you. Want to Upgrade?

To: Smiling Bob who wrote (10704)	1/11/2008 8:44:02 AM
From: Smiling Bob	Respond to of 19257

TIF 40.32 -- January 11, 2008, 7:27 am Tiffany looking tarnished Another day, another sign of weakness in consumer spending. Tiffany (TIF) said Friday morning that December sales in established U.S. stores fell 2 percent from a year ago, despite a 10 percent sales surge at the company’s flagship Fifth Avenue store that was driven by euro-toting tourists. The news won’t come as a shock to investors, who have driven Tiffany shares down near their 52-week low as other retailers have been showing distress signs. Even so, coming on top of Thursday afternoon’s soft profit numbers from high-end card company American Express (AXP), the Tiffany report offers another timely warning sign about the financial health of the U.S. consumer. “We believe a recent pullback in U.S. spending likely reflected a more cautious attitude among customers about the near-term direction of the economy and related factors,” Tiffany said. The company also said it is “further analyzing our sales and earnings growth objectives for 2008? - suggesting it may rein in its plans in March when it shares its outlook with Wall Street. Back to main column