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

This Third-Generation Jeweler Was Ready for Retirement. He Called Wilkerson

Retirement is never easy, especially when it means the end to a business that was founded in 1884. But for Laura and Sam Sipe, it was time to put their own needs first. They decided to close J.C. Sipe Jewelers, one of Indianapolis’ most trusted names in fine jewelry, and call Wilkerson. “Laura and I decided the conditions were right,” says Sam. Wilkerson handled every detail in their going-out-of-business sale, from marketing to manning the sales floor. “The main goal was to sell our existing inventory that’s all paid for and turn that into cash for our retirement,” says Sam. “It’s been very, very productive.” Would they recommend Wilkerson to other jewelers who want to enjoy their golden years? Absolutely! “Call Wilkerson,” says Laura. “They can help you achieve your goals so you’ll be able to move into retirement comfortably.”