luxury sales

Despite the searing weather and a lukewarm economic recovery, major merchants are expected to report growing retail sales in their August tallies on Thursday. But don't count on the kind of increases we saw at the beginning of the year.

Early this morning, Tiffany & Co. (TIF) released its first-quarter earnings results. The company managed to match the consensus estimate for the quarter, logging earnings of 20 cents per share. While the results were in line with expectations, the were sharply lower than a year ago. The same...

Every business owner -- not to mention every stock broker -- knows about diversification. It's the best way to weather the whims of a fickle economy. But in the middle of this economic downturn, how does a luxury-oriented business diversify? Facing high gas prices, steep food prices and the...