Luxury retailers to rich surge
Retail investors are sending a message: They see greater opportunity with the stores that cater to the well
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The separation between the high end retailers and the ones that serve the mainstream was crystal clear Wednesday. Shares of Tiffany are up $7.29, or 8.3%, to $95.52 after the seller of pricey jewelry reported 50% higher quarterly net income of $125.6 million. The company topped earnings expectations by a whopping 24%.
But over on Main Street, shares of Target are down 36 cents, or 0.6%, to 56.25. Target reported a quarterly net income drop of 16% to 4418 million, falling shy of estimates by 7.5%. Some might say costs associated with Target data breach are to blame. But sales at stores open at least a year dropped 0.3% during the quarter.
But it not just about these
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cheap Michael Kors handbags outlet of luxury retailers for months. An equal weighted custom index of six high end retailers, including Tiffany, Michael Kors, Coach, Nordstrom, Kate Spade and Ralph Lauren is up 13% over the past year, according to a USA TODAY analysis of data from S Capital IQ.
Shares of the luxury
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fake Michael kors handbags outlet mainstream and discount retailers. An equal weighted index of eight discounters, including Wal Mart, Target, Ross Stores, Dollar Tree, TJX, Kohl Dollar General and Family Dollar is down 3.1% over the past year.
The spread between the discounters
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Michael kors handbags outlet shows how Wall Street sees stronger revenue and earnings power at the companies that serve the well heeled. And it not just Tiffany success Wednesday to show this. Wal Mart shares have been struggling as the company revenue growth stalls.
The performance of the luxury vs. other retail stocks this year makes the differential even more clear. All of the eight mainstream and discount retailers stocks are down this year, by an average of 10%. Contrast that with the high end retailers. All but two of the stocks, Ralph Lauren and Coach, are up. And as a group, the luxury shares are down
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