Mar. 20, 2014, 7:19 AM
Mar. 6, 2014, 10:37 AM
Feb. 20, 2014, 9:08 AM
Feb. 20, 2014, 7:35 AM
Jan. 16, 2014, 2:18 PM
- A new survey on luxury spending by wealthy consumers in China indicates a soft demand trend may continue.
- Spending on gifts fell 25% last year, while overall spending by the wealthy fell 15%.
- A number of factors are in play with Chinese consumption taxes high and the government cracking down on corruption, but the underlying trend is that a surprising number of high net worth consumers are leaving China for new residences overseas.
- The good news for the sector is that some of the lost sales could be recaptured in different markets.
- Related stocks: Gucci (GUCG), Prada, Louis Vuitton (LVMUY), Coach (COH), Ralph Lauren (RL), Michael Kors (KORS), Swatch (SWGAY), Burberry (BURBY), Louis Vuitton (LVMHF), Tiffany (TIF), and Warnaco (WRC).
Jan. 13, 2014, 3:32 PM
- "Options markets suggest this will be one of the most important earnings seasons in 10 years for stock pickers given low expected correlation and limited pre-positioning," says Goldman analyst John Marshall.
- "We expect outsized profitability for call buying strategies on single stocks this quarter," he adds, noting options markets are actually pricing in a lower earnings-day move than any time on record for the average stock. "We expect earnings surprises to spark unexpectedly large stock moves."
- The average earnings-day move last quarter was 3.5x as large as the average daily move, he says, greater than any other time in the past 17 years.
- Goldman analysts see above-consensus reports from KORS, RYL, TIF, EOG, PXD, WNR, BBT, BX, LAZ, STI, BMY, THC, CMI, DOW, STZ, ARUN, OLED, QCOM, and XLNX.
- Goldman's below the Street on ANN, IGT, MAT, COL, JOY, and MSFT.
Jan. 10, 2014, 8:03 AM
- Tiffany (TIF) saw broad global sales gain during the holiday period, but took a hit in Japan where a weak yen contributed to a 12% drop in sales.
- A key point from management is that margins came in as expected as the retailer saw prices hold up globally.
- Shares of Tiffany have traded in a narrow $89-$92.77 range over the 8 weeks as investors waited out how the luxury sector would fare during the holiday season. Bulls think the retailer did enough to spark a rally.
- TIF -0.1% premarket
Jan. 10, 2014, 7:39 AM
Dec. 27, 2013, 7:32 AM
- Holiday sales rose this year by 2.3% to easily top last year's 0.7% rise, according to fresh data from MasterCard Advisors. The mark falls short of the early projections from ShopperTrak and the NRF.
- Jewelry (ZLC, SIG, NILE, TIF) and children's clothing were two categories that showed strong gains.
- The shift to online channels was pronounced this year with mall traffic slow. Online sales for the holiday season were up at a double-digit pace, but also fell short of some forecasts.
- Related ETFs: XLP, XLY, VDC, XRT, VCR, ECON, IPD, KXI, BJK, RTH, PBJ, RETL, PEJ, IYK, FXG, IPS, IYC, SCC, FXD, RXI, UCC, RHS, PMR, UGE, EMCG, FDIS, RCD, PSL, FSTA, PSCC, SZK, PEZ, PSCD, EMDI, AXDI, AXSL
Dec. 23, 2013, 8:06 AM
Dec. 22, 2013, 11:11 PM
- An arbitration panel in the Netherlands orders Tiffany (TIF) to pay Swatch (SWGAY) $449M to settle a dispute over a contract.
- An ambitious plan by the companies to sell watches together under a joint venture went sideways back in 2011.
- Reps with Tiffany say the they are shocked by the ruling and note the luxury retailer plans to review potential legal actions.
Dec. 11, 2013, 10:54 AM
- Though most signs have pointed to strong demand from luxury buyers this holiday season, there are a few concerns about the Henrys. The set of spenders known as "High Earners Not Rich Yet" could be peeling back a little bit.
- China-focused Tiffany (TIF -0.4%) and brand-strong Michael Kors (KORS -0.9%) are expected to skate through just fine - but Nordstrom (JWN -0.1%), Ralph Lauren (RL +0.6%), and Coach (COH -0.2%) could feel a Henry-pinch.
Dec. 9, 2013, 2:31 PM
- LVMH (LVMHF), Neiman Marcus, Macy's (M +0.7%), Tiffany (TIF +0.5%), and other luxury names will do well this holiday season, predicts retail analyst Kristin Bentz.
- She also likes the dollar store group (DLTR, FDO, DG, FIVE) to hold up well as consumers make the extra effort to bargain shop.
- The giant chasm in the middle is where the retail pain will be felt.
- An outlier: Wearable technology will be an on-trend holiday season item, forecasts Bentz. Early adopter Nike (NKE) could have a big Q4.
Dec. 9, 2013, 9:22 AM
Dec. 6, 2013, 2:05 PM
- Tiffany (TIF -0.1%) says it will spend more money on marketing in China than any other region next year
- Execs with the company expect to see double-digit sales growth in China and the Tiffany brand further entrenched with wealthy consumers.
- What Tiffany won't do is blow out its Chinese investment budget on store expansion. Only 3 stores are slated to be opened next year.
Dec. 6, 2013, 10:17 AM
- Chinese conglomerate Chow Tai Fook plans to try to take the fast fashion concept to the jewelry market in China.
- Luxury companies in the region, including Tiffany (TIF -0.5%) and private Cartier, see exploding profit growth in the mass market segment and also plan to sell more products aimed at the segment.
- What to watch: China is expected to pass India to become the world's largest consumer of gold this year. Buyers in the region tend to be more trend-conscious which requires a nimble touch from sellers.
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