12:23 pm Vipshop (VIPS)
Vipshop Holdings (VIPS) is making another new 52-week high today. In case you're not familiar, VIPS is a Chinese online discount retailer that specializes in selling luxury brand name products via what are known as "flash sales," which are events where VIPS will offer deeply discounted merchandise for a short period of time.
VIPS' largest category is apparel but they also focus on fashion items, shoes and cosmetics. Smaller categories include home goods, leisure travel packages and other lifestyle products. VIPS uses mostly a consignment business …More