Headlines

Presidential Election Casting Shadow Over Tiffany & Co., Cartier

Published

9 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

Retiring? Let Wilkerson Do the Heavy Lifting

Retirement can be a great part of life. As Nanji Singadia puts it, “I want to retire and enjoy my life. I’m 78 now and I just want to take a break.” That said, Nanji decided that the best way to move ahead was to contact the experts at Wilkerson. He chose them because he knew that closing a store is a heavy lift. To maximize sales and move on to the next, best chapter of his life, he called Wilkerson—but not before asking his industry friends for their opinion. He found that Wilkerson was the company most recommended and says their professionalism, experience and the homework they did before the launch all helped to make his going out of business sale a success. “Wilkerson were working on the sale a month it took place,” he says. “They did a great job.”