|Day's Range||48.01 - 48.85|
|52 Week Range||34.07 - 48.85|
|PE Ratio (TTM)||26.32|
|Dividend & Yield||1.35 (2.81%)|
|1y Target Est||N/A|
When it came to specific companies, Coach had the strongest “purchase intent.” In terms of their perception of the major brands, however, respondents had similar positive-enough feelings about Coach, Kate Spade, and Michael Kors alike. Altschwager notes that Kate has registered small declines in purchase intent over the last few surveys, which suggests to him that Coach is right to be taking aim at Kate’s over-reliance on promotions, in an attempt to “focus on longer-term brand health.” Big Picture: A recent survey suggests that shoppers are less likely to purchase handbags than they were a year ago.
Consumer discretionary stocks, like tech stocks, have outperformed the S&P 500 as a whole.
Tiffany & Co named a former Bulgari SpA executive to its top job, the second time the iconic New York jewelry retailer has tapped the Italian luxury house for senior hires this year. Tiffany, which has been struggling to turn around sales amid faltering demand for its high-end jewelry, named Alessandro Bogliolo chief executive, months after it added ex-Bulgari CEO Francesco Trapani to its board. A veteran luxury industry executive who has spent 16 years at Bulgari - now owned by French multinational LVMH - Bogliolo most recently served as the chief executive of apparel and accessories company Diesel SpA.