This year at the Walpole China Luxury Conference in London there were actually bears in the room. Many expressed concern that if European consumer spending slowed, spending from China will not be enough to offset the weakness. Read More
When playing momo stocks, the Fast pros always say buy high and sell higher until you get a sign that suggests otherwise. We may have just gotten that sign. Read More
Disappointing results at accessory retailer Fossil sparked a selloff of the company’s stock that rippled throughout the retail sector, including the seemingly Teflon high-end retail sector. Read More
April’s weak same-store sales may be due to several seasonal factors, but analysts warn the reports could be a wake-up call for investors to be more selective on the heels of the sector's recent rally. Read More
Luxury retailer Neiman Marcus announced plans to launch an ecommerce website in China by year-end to cash in on the country’s strong interest in high-end brands and growing spending power. Read More
As if the S&P 500’s robust gain so far hasn't been impressive enough, Laszlo Birinyi, president of Birinyi Associates, says there’s still further room for the index to rally to 1,700 sometime this year. Read More