Speaking to Reuters from an economic forum in Dublin, the President of Tiffany & Co., James Quinn, stated, “We are reasonably optimistic about the holiday season."
He also added, “We are still not in positive territory. We are planning financially a more conservative outlook."
But despite weakened sales, he was adamant that Tiffany will not fall victim to discounting. Quinn responded to this question with, "No, we still believe the right pricing strategy is to price the product right first time."
Read more at Reuters.