Tiffany (TIF) Holds Up Well In Face of Horrible Luxury Sales Numbers
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Shares of Tiffany & Co. (NYSE: TIF) are holding up well today in the face of news from MasterCard's SpendingPulse that showed that retail sales of luxury goods (including jewelry) fell 35% during the important Nov 1-Dec 24 holiday season.
Shares of Tiffany are down nearly 50% over the last six months, so much of the weakness was likely expected. Today, shares of Tiffany are flat at $22.33.
Other luxury/aspirational retailers include Blue Nile (Nasdaq: NILE), Zale (NYZE: ZLC), Coach (NYSE: COH) and Saks (NYSE: SKS).
Shares of Tiffany are down nearly 50% over the last six months, so much of the weakness was likely expected. Today, shares of Tiffany are flat at $22.33.
Other luxury/aspirational retailers include Blue Nile (Nasdaq: NILE), Zale (NYZE: ZLC), Coach (NYSE: COH) and Saks (NYSE: SKS).
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