Reports indicate that Tiffany’s flagship store on New York’s Fifth Avenue has faced a significant wave of resignations, with about three-quarters of the staff leaving in the past year. Former employees blamed unattainable sales targets and low commissions, with some moving to competitors like Cartier and Harry Winston, taking loyal customers with them. The store failed to meet its $25 million sales target for the first quarter of 2024, resulting in low morale. A Tiffany spokesperson acknowledged the turnover, but noted a 75% income increase for the top 20 sales advisors compared to 2023. High inflation in the American market has hurt luxury jewelry sales, with Tiffany struggling since mid-2023.