Tiffany & Co. flagship NYC store hit by Trump effect
- 7 years ago
Tiffany & Co.’s flagship store in NYC is having a hard time dealing with protests and increased security surrounding its next door neighbor, Trump Tower. Tiffany executives say the store is seeing some "adverse effects" on sales in the wake of Donald Trump's victory in the presidential election. VP of investor relations Mark Aaron said on a conference call. The announcement comes on the eve of a third-quarter earnings report, which ended in October and reflected a 2 percent decline in global sales. The NYC store, specifically, represents less than 10 percent of the company's overall sales.