Tiffany & Co. Q2-2009 sales down 16 percent in relation to Q2-2008

According to a recent report released by Tiffany & Co., overall second-quarter 2009 sales totaled USD $ 612.5 million, down 16 percent from the USD $ 729.6 million attained in Q2-2008. Sales in first half of 2009 (H1-2009) totaled USD $ 1.13 billion, a 19 percent decline compared to H1-2008. Tiffanys strong financial and operating position allows us to continue to expand our global presence in pursuit of robust, long-term growth, Tiffany & Co. Chairman & CEO said a press statement. For the full year 2009, the management forecasts worldwide sales to drop 10 percent in the Americas and a low, single-digit percentage drop in Asia including the Middle East.