Headlines

Presidential Election Casting Shadow Over Tiffany & Co., Cartier

Published

8 years ago

February 2, 2016

INSTORE Staff

Political uncertainty is discouraging the high-end consumer.

Faced with the prospect of having to pay higher taxes as promised by some U.S. presidential candidates, high-end consumers are clutching their piggy banks a little tighter these days, explains Investor’s Business Daily. The article says that’s one reason why analysts at Cowen & Co. have downgraded the outlooks for luxury retailer Tiffany & Co. and Richemont, the Swiss parent company of Cartier. Beyond the political uncertainty, other factors that Cowen considered in its downgrade are a “reverse wealth effect,” a strong U.S. dollar and a slowdown in China’s economy. Of Tiffany & Co., a Cowen analyst says the lowered outlook was made on “near-term caution that volatile tourism flows and global macro challenges will not be offset by TIF’s improved & innovative product.”

Read more at Investor’s Business Daily

She Wanted to Spend More Time with Her Kids. She Called Wilkerson.

Your children are precious. More precious than gold? Absolutely! Just ask Lesley Ann Davis, owner of Lesley Ann Jewels, an independent jewelry store that — until the end of 2023 — had quite a following in Houston, Texas. To spend more time with her four sons, all in high school, she decided to close her store. Luckily, she was familiar with Wilkerson and called them as soon as she knew she wanted to move on to bigger, better and more family-focused things. Was she happy with her decision? Yes, she was. Says Davis, “Any owner looking to make that life change, looking to retire, looking to close, looking for a pause in their career, I would recommend Wilkerson. Hands down!”