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
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