real-time news and commentary for investors
Wednesday, Jun 27
2012, 3:37 PM
The broad swipe by investors against high-end retailer stocks - kickstarted by Citi's downgrade...
The broad swipe by investors against high-end retailer stocks - kickstarted by Citi's downgrade on select names - sweeps Tiffany (TIF -3.4%), Lululemon (LULU -2.9%), Fossil (FOSL -4.4%), and Coach (COH -0.9%) into negative territory. Over the last couple of years, the divergence between luxury stocks and discounting names has never been wider, with the two groups moving in almost opposite directions depending upon the fear factor on the global economy. On watch: DLTR, DG, ROST, TJX.