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Thursday 2:53 PM A new study from MasterCard confirms a trend of slowing luxury spending - seen in earnings reports from jewelry sellers Tiffany (TIF -4.4%) and Signet Jewelers (SIG -4.5%) - with sales only increasing 1.8% in April after gaining 6.7% in Q1. Analysts say the supposedly non-cyclical wealth effect isn't holding up against economic headwinds. On watch: COH, KORS, EL, HESAF.PK.
Comment![Consumer]
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at CNBC.com (May 11, 2012)
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at MarketWatch.com (May 4, 2012)
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at CNBC.com (May 4, 2012)
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at MarketWatch.com (May 4, 2012)
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at MarketWatch.com (May 3, 2012)
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Company Description
The Estée Lauder Companies Inc., founded in 1946 by Estée and Joseph Lauder, is one of the world’s leading manufacturers and marketers of quality skin care, makeup, fragrance and hair care products. Our products are sold in over 140 countries and territories under a number of well-known brand... More