New York – Tiffany Feels The Trump Effect On 5th Avenue

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    FILE - In this Monday, May 19, 2014, file photo, shoppers walk by Tiffany & Company's Fifth Avenue store in New York. Tiffany says sales at its flagship New York store on Fifth Avenue have been hurt by traffic disruptions caused by its next-door neighbor, Trump Tower.  Streets around the building and in front of the Tiffany store have been closed or blocked since the November 2016 election for security reasons. (AP Photo/Mark Lennihan, File)New York – Security barricades, protesters and a perpetual media encampment in and around Trump Tower since the election has left a patina on sales at Tiffany, the posh jeweler who’s flagship store is just steps from the president-elect’s front door.

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    Tiffany said Tuesday that sales at its store on Manhattan’s 5th Avenue tumbled 14 percent in November and December, compared with the same period last year, partly due to “post-election traffic disruptions.”

    Tiffany & Co. has been under pressure more broadly, however, and overall sales in the Americas declined by 4 percent.

    Shares of the New York retailer slid 3 percent at the opening bell.
    Police secure area around Trump Tower and its neighbor Tiffany with barriers and a screening tent, Tuesday Jan. 17, 2017, in New York.  Tiffany says sales at its flagship New York store have been hurt by traffic disruptions caused by Trump Tower, where President-elect Donald Trump’s home and offices are located.  (AP Photo/Bebeto Matthews)


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