Trump security drags down sales at Tiffany’s on Fifth Ave.

Store near Trump Tower saw turnover drop 14 percent in last two months of 2016

New York /
Jan.January 17, 2017 01:31 PM

Sales at Tiffany & Co.’s Flagship Store On Fifth Avenue slumped over the holiday season and, according to the store, Donald Trump is partly to blame.

Tiffany’s is located at 727 Fifth Avenue, just steps from Trump Tower, where the president-elect has been based since the election. The jewelry retailer announced Tuesday that sales at that particular store fell 14 percent in November and December, compared to the same time period in 2015, the New York Daily News reported.

The company said “post-election traffic disruptions” contributed to the drop. Overall, Tiffany’s sales in the Americas declined by 4 percent, according to the newspaper.

Security barricades, protesters and crowds of reporters have surrounded the building since Trump’s election victory, causing major headaches for retailers in the area. Trump has said he’d like to spend as much time at the tower as possible, even after he takes office. Last month, Mayor Bill de Blasio said the city is asking for $35 million in federal funds to pay for security at the building. [NYDN]Miriam Hall


Related Articles

arrow_forward_ios
Make Greenland Great Again? Trump wants to buy Arctic territory
Make Greenland Great Again? Trump wants to buy Arctic territory
Make Greenland Great Again? Trump wants to buy Arctic territory
Hamptons’ priciest summer rental to host MAGA extravaganza next month
Hamptons’ priciest summer rental to host MAGA extravaganza next month
Hamptons’ priciest summer rental to host MAGA extravaganza next month
555 California Street with Steve Roth and Donald Trump (VNO, Getty/Patrick McMullan, Getty)
What tenants pay at Vornado and Trump’s 555 California Street
What tenants pay at Vornado and Trump’s 555 California Street
Images of the Gateway Program and Pete Buttigieg (Photos via GDC, Getty, iStock)
Gateway tunnel lurches ahead with federal approval
Gateway tunnel lurches ahead with federal approval
Manhattan District Attorney Cy Vance and Donald Trump (Getty)
Manhattan DA convenes grand jury in Trump probe
Manhattan DA convenes grand jury in Trump probe
Donald Trump, New York Attorney General Letitia James, Manhattan District Attorney Cy Vance (Getty)
Tish James joins Cy Vance’s criminal probe of Trump Org
Tish James joins Cy Vance’s criminal probe of Trump Org
Eric and Lara Trump with 502 Bald Eagle Drive in Jupiter (Getty, Google Maps)
More Trumps buy in South Florida: Eric, Lara paid $3M for Jupiter home
More Trumps buy in South Florida: Eric, Lara paid $3M for Jupiter home
Donald Trump and 40 Wall Street (iStock, Sterlfilms/Wikimedia)
40 Wall’s valuation chop means tax savings for Trump Org
40 Wall’s valuation chop means tax savings for Trump Org
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...