A jolly Christmas for Tiffany?

Retailers are increasingly concerned about the 2009 holiday season, which starts in less than two months. Last year's holidays nearly crushed many of them and helped put others, like Circuit City, out of business. Some retail chains with big debt loads and quarterly losses face a make-or-break Christmas this year.

Surprisingly, amidst all the gloom, Tiffany (TIF) CEO made some upbeat comments about Christmas which are likely to surprise and please many people in the upper stratosphere of the retail business.