Tag Archives: Coach
Cramer’s Mad Money: Why Tiffany and Coach Are Not Trading In Lockstep (2/6/12)
By Miriam Metzinger:
Stocks discussed on the in-depth session of Jim Cramer’s Mad Money TV Program, Monday February 6.
Coach (COH) vs. Tiffany (TIF). Other stocks mentioned: Harry Winston (HWD), Nordstrom (JWN), Macy’s (M)
With conspicuous consumption on the rise, one would expect Coach (COH) and Tiffany (TIF) to be trading in lockstep. In fact, Coach is just a few points off its 52 week high and Tiffany is 19 points below its 52 week high. Tiffany lowered guidance, and the holidays were slow for the retailer; same store sales rose just 4% for November and December when The Street was expecting a high single digit number. Tiffany is down 2% for the year and Coach is up 19% year to date. Both companies get 20% of their sales from Japan and have strong demand in China. While Tiffany’s exposure to China is larger, with the country generating 18% of sales compared to
