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Tiffany to renovate famed Manhattan store

Aug. 15, 2018 7:05 AM ETTiffany & Co. (TIF) StockBy: Clark Schultz, SA News Editor
  • Tiffany (NYSE:TIF) announces plans to completely renovate its New York City flagship store in spring 2019.
  • The investment in the Manhattan project is expected to increase Tiffany's capital expenditures as a percentage of worldwide net sales by 1-2% each year for the three fiscal years beginning February 1, 2019.
  • The company has arranged to temporarily expand its retail space to the adjacent 6 East 57th Street during the construction.
  • The Tiffany store has seen traffic disrupted due to the additional security measures and congestion at Trump Tower.
  • Source: Press Release

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