Sales drop near the Trump Tower

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9 February 2017 à 16h08

Updated on 10 May 2019 à 17h59

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1 minute

Publication: 9 February 2017 à 16h08, Updated on 10 May 2019 à 17h59

Reading time: 1 minute

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Publication

9 February 2017 à 16h08

Updated on 10 May 2019 à 17h59

Reading time

1 minute

Publication: 9 February 2017 à 16h08, Updated on 10 May 2019 à 17h59

Reading time: 1 minute

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In the holiday season, Tiffany’s sales fell by 14% in its 5th Avenue flagship (New York) located near the Trump Tower, amid protests, intense media and security presence. In Q4 2016, Tiffany’s total sales declined by 4% in the U.S.A., as tourists reduced their spending in the U.S. amid a stronger Dollar. In New York, the department stores Bergdorf Goodman (owned by Neiman Marcus) also posted lower sales, as both are located too close to the Trump Tower.

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