Donald Trump

Tiffany 5th Avenue Sales Plummet 14 Percent Since Election

The jeweler's flagship location is steps away from Trump Tower, which has been perpetually surrounded by police barricades, media and protesters since the election

Sales at Tiffany's flagship Fifth Avenue store tumbled 14 percent in November and December compared to the same period in 2015, and the jeweler blames "post-election traffic disruptions" in part for the drop.

The Manhattan location is steps from Trump Tower, which has been surrounded by security barricades, protesters and a perpetual media encampment since the election.

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.

Copyright AP - Associated Press
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