NEW YORK – Security barricades, protesters and a perpetual media encampment in and around Trump Tower since the election tarnished sales at Tiffany, the posh jeweler whose 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.