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Friday, June 04, 2010
Jewelry Retailers' Shares Gain On String Of Positive Results
The Wall Street Journal
Shares of jewelry retailers were among the best performers Thursday as fiscal first-quarter results at several big names showed demand for higher-end goods is rebounding.
Tiffany & Co. (TIF), along with Movado Group Inc. (MOV) and Signet Jewelers Ltd. (SIG), followed several department stores that earlier this month reported improved results, giving investors some hope the market for luxury goods, including jewelry, is returning.
Brian Sozzi of Wall Street Strategies talks about the sector.
Link to full article: http://online.wsj.com/article/BT-CO-20100527-712721.html?mod=WSJ_earnings_MIDDLETopHeadlines
Posted by Brian Sozzi, Research Analyst
Archives
8/20/2010 - Video: Retail for Sale: Time for Private Equity to Shop
7/21/2010 - Cola Wars: Coke vs. Pepsi
7/21/2010 - Earnings: Instant Reaction to Coca-Cola Earnings
6/4/2010 - Jewelry Retailers' Shares Gain On String Of Positive Results
6/4/2010 - Wal-Mart, Target divergence seen in first quarter
6/4/2010 - Retail Stocks Slide As Cautious Outlooks Concern Investors
6/4/2010 - Have Consumers Moved on From Discounters?
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