By and  on November 26, 2008

From upscale jeweler Tiffany & Co. Inc. to mainstream department store Dillard’s Inc., the drumbeat of the economic slowdown continued to echo through retailing last week.

Tiffany, confronted with a drop in third-quarter earnings, lowered full-year earnings estimates to a range of $2.30 to $2.50 a diluted share, from $2.82 to $2.92. The company said it would reduce overseas store openings by half next year to eight, most of them in the Asia-Pacific region.

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