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	<title>Stock Blog Hub &#187; Tiffany &amp; Company</title>
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		<title>(TIF) Tiffany Reports 39 Cents Against 33 Cents Consensus in Second Quarter</title>
		<link>http://www.stockbloghub.com/2009/08/31/tif-tiffany-reports-39-cents-against-33-cents-consensus-in-second-quarter/13917</link>
		<comments>http://www.stockbloghub.com/2009/08/31/tif-tiffany-reports-39-cents-against-33-cents-consensus-in-second-quarter/13917#comments</comments>
		<pubDate>Mon, 31 Aug 2009 16:07:17 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Jewelry Stores]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[TIF]]></category>
		<category><![CDATA[Tiffany & Company]]></category>

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		<description><![CDATA[Amid a weak retail environment, Tiffany &#38; Company (TIF), the manufacturer and retailer of fine jewelry, reported better-than-expected second quarter 2009 results. This came on the back of cost-cutting initiatives, inventory management and decelerating pace in sales decline. Selling, general and administrative costs fell 14% in the quarter due to a decline in marketing and staff expenses as well as other variable costs related to sales. Moreover, the lower effective tax rate (26.7% in the quarter versus 36.9% in the last year quarter) also benefited EPS. Net sales for the quarter under review dipped 16% to $612.5 million, following a decline of 22% in the first quarter of 2009, disclosing some signs of revival with renewed demand for jewelry. Total comparable sales fell 17% after declining 24% in the previous ]]></description>
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		<title>(KR) Inventories Still Falling &#8211; Analyst Blog</title>
		<link>http://www.stockbloghub.com/2009/08/14/kr-inventories-still-falling-analyst-blog/12521</link>
		<comments>http://www.stockbloghub.com/2009/08/14/kr-inventories-still-falling-analyst-blog/12521#comments</comments>
		<pubDate>Fri, 14 Aug 2009 23:52:05 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Grocery Stores]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[KR]]></category>
		<category><![CDATA[Kroger Company]]></category>
		<category><![CDATA[TIF]]></category>
		<category><![CDATA[Tiffany & Company]]></category>

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		<description><![CDATA[Total inventories across all levels of business fell for the 10th straight month in June. The 1.1% decline was bigger than the 0.9% decline expected by the consensus of economists, and follows a downwardly revised 1.2% drop (was down 1.0%) in May. Inventories can be a big swing-factor in GDP growth, and the revision to May and the lower-than-expected number for June would seem to point to a downward adjustment to the second quarter GDP numbers when the next revision comes out. Overall, lower inventories is a good thing, since it points to the need to replenish them in the future and in the process boost economic growth. June also saw a 0.9% rise in overall sales from May, which is a very welcome sign and a reversal of a ]]></description>
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