the site , described by the luxury goods company 's shares rose as much as 8 percent on tuesday , their highest in 15 months .
while sightseers have never appeared to scare away customers , political protesters might be viewed differently by tiffany ’s moneyed clients , at least according to a carefully worded results statement to wall street on tuesday .
while traffic has slowed at tiffany 's 5th avenue store , it accounts for " less than 10 percent " of net sales , tiffany said .
“ with respect to the impact of recent election - related activity near the company ’s new york flagship store , management has noted some adverse effect on traffic in that store and a continuation of sales softness relative to prior year and to the company ’s other us stores this year , ” the company tiffany & co ( tif.n ) reported its first rise in sales in two years as more people shopped in its stores in japan and china , and the upscale jeweler said sales in the united states declined at their slowest quarterly pace this year .
however , the luxury retailer - whose flagship store is next to the trump tower in new york - said it could not guarantee that sales in the current quarter would not be affected by protests and stepped - up security in the area since the election .
that said , the figures do not show that all the problems at tiffany has been struggling to bring back wealthy american shoppers to its stores and woo hard - to - please millennials who are turning to cheaper and hipper brands such
the company said japanese shoppers bought more at home and in the united states , in the third quarter ended oct. 31 , as the yen strengthened against the dollar .
many of the demonstrations before and after the election have centred on the president - elect ’s skyscraper in midtown manhattan , located on the same block as the jewellery store on fifth avenue and 57th street .
luxury jeweller tiffany blamed protests at trump tower for hitting sales at flagship store .