The quarterly performance lends further credence to the idea that the brand has lost its cachet with American customers.
They're a rare bright spot in retail now, but are facing rising rents and more competition as a result.
Luxury brands are targeting young urban men because of their high levels of disposable income and personal insecurity.
Consumers are very status conscious in Asia, Africa and other emerging-market areas. This is especially true in China.
Wal-Mart's shares tumble on a weak outlook. That means other store chains are also vulnerable.
The luxury retailer reported $1 billion in third-quarter revenue, a 59% increase from a year earlier.
Performance in the first month of the year generally offers a pretty good indication about what's to come.
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