The retailer says its Fifth Avenue flagship is “open for business,” but analysts fear a drop-off in traffic.
Tiffany’s famed 57th Street and Fifth Avenue address is not looking so luxurious as the area near Trump Tower becomes surrounded by security, media, and protestors.
The commotion means shoppers can no longer enter the company’s Manhattan flagship via its Fifth Avenue entrance, which is located right next to Trump Tower. The retailer also canceled a planned holiday-window unveiling, although the annual display was still installed.
This could have a big effect on the retailer, as its Manhattan flagship comprises 10 percent of its U.S. sales. A spokesperson did not answer a query on whether sales have been affected.