Tiffany feels the Trump effect on 5th Avenue
By Associated Press
Jan 17, 2017 8:50 AM CST
FILE - In this Monday, May 19, 2014, file photo, shoppers walk by Tiffany & Company's Fifth Avenue store in New York. Tiffany says sales at its flagship New York store on Fifth Avenue have been hurt by traffic disruptions caused by its next-door neighbor, Trump Tower. Streets around the building and...   (Associated Press)

NEW YORK (AP) — Security barricades, protesters and a perpetual media encampment in and around Trump Tower since the election tarnished sales at Tiffany, the posh jeweler whose flagship store is just steps from the president-elect's front door.

Tiffany said Tuesday that sales at its store on Manhattan's 5th Avenue tumbled 14 percent in November and December, compared with the same period last year, partly due to "post-election traffic disruptions."

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.