Tiffany's Holds On in Reeling Industry

"There are definitely more declines for Tiffany and the jewelry industry ahead, but it's likely that Tiffany will not perform as badly as Zales, whose yearly losses are nearing $100 million," explained Toon van Beeck, senior analyst with IBISWorld. "Tiffany might just turn in a profit this quarter; relatively small, but at least a profit."