The retailer's stock price plummets after it gives disappointing guidance for the year.
Data released Thursday may be a worrying sign for those monitoring macro trends, but it would be foolish for investors to view all retail stocks through the same prism.
Hyatt Hotels and Marriott are upgraded to 'buy,' while Starwood Hotels is downgraded to 'neutral.'
Stores that cater to the wealthy fared the best.
Economic turmoil in the Old World is felt by companies in the New World.
After the third-quarter earnings report, some think it has too much inventory instead of not enough.
So far, betting on upscale retailers has proved to be a wise strategy, but a disappointing forecast from Tiffany's could mean future growth will be harder to find.
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