Wednesday, September 15, 2010
Tiffany & Co - Fighting External Threats
Tiffany & Co. remains to be doing well in sales and their stock price went up and closed today at $43.87. They are in a rather specific market as far as consumers who purchase their product are concerned. This is not a product with close substitutes. They tend to sell to high income individuals. Those individuals are not normally "hurt" by hard economic times, and therefore, Tiffany & Co.'s sales are not hurt either. They continue to develop new products in order to remain competitive and sell their products on the market.
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