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Tiffany’s Sales Drop for Fifth Straight Quarter

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Weak global economy, strong dollar cited as the culprits.

Tiffany & Co. reported a 5.6 percent decrease in sales for the holiday quarter, the fifth consecutive quarter during which sales have slid, Reuters reports. The news outlet wrote that weakness in the global economy and a strong dollar are the chief factors that have hurt high-end retailers like Tiffany, especially as the upscale jeweler remains reluctant to offer promotions. The retailer’s profit, however, beat Wall Street’s expectations as it raised prices and benefited from lower prices of diamonds, gold and silver.

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This Third-Generation Jeweler Was Ready for Retirement. He Called Wilkerson

Retirement is never easy, especially when it means the end to a business that was founded in 1884. But for Laura and Sam Sipe, it was time to put their own needs first. They decided to close J.C. Sipe Jewelers, one of Indianapolis’ most trusted names in fine jewelry, and call Wilkerson. “Laura and I decided the conditions were right,” says Sam. Wilkerson handled every detail in their going-out-of-business sale, from marketing to manning the sales floor. “The main goal was to sell our existing inventory that’s all paid for and turn that into cash for our retirement,” says Sam. “It’s been very, very productive.” Would they recommend Wilkerson to other jewelers who want to enjoy their golden years? Absolutely! “Call Wilkerson,” says Laura. “They can help you achieve your goals so you’ll be able to move into retirement comfortably.”

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