Tiffany, Coach, and Ralph Lauren are Avoiding Price Cuts

Luxury retailers such as Tiffany & Co. (NYSE:TIF), Coach Inc. (NYSE:COH) and Polo Ralph Lauren Corp. (NYSE:RL) can eschew the retail industry’s current discounting mania as wealthy customers continue to pay premium prices for merchandise, According to Bloomberg’s Hitha Prabhakar. Actually, the high-end sector seeks to raise prices to keep up with higher commodity prices and take advantage of exclusivity.

Here’s how these luxury retailers are reacting to the news:

Tiffany & Co. (NYSE:TIF): TIF shares recently traded at $67.30, up $0.8, or 1.2%. They have traded in a 52-week range of $54.58 to $84.49. Volume today was 788,109 shares versus a 3-month average volume of 2,577,380 shares. The company’s trailing P/E is 19.65, while trailing earnings are $3.43 per share.

Coach Inc. (NYSE:COH): COH shares recently traded at $61.38, up $0.52, or 0.85%. They have traded in a 52-week range of $45.70 to $69.20. Volume today was 645,443 shares versus a 3-month average volume of 3,189,630 shares. The company’s trailing P/E is 20.32, while trailing earnings are $3.02 per share.

Polo Ralph Lauren Corp. (NYSE:RL): RL shares recently traded at $138.97, up $0.25, or 0.18%. They have traded in a 52-week range of $102.33 to $164.55. Volume today was 352,266 shares versus a 3-month average volume of 1,148,230 shares. The company’s trailing P/E is 20.52, while trailing earnings are $6.77 per share.

Saks Incorporated (NYSE:SKS): SKS shares recently traded at $9.87, up $0.13, or 1.33%. They have traded in a 52-week range of $7.67 to $12.97. Volume today was 684,220 shares versus a 3-month average volume of 2,926,050 shares. The company’s trailing P/E is 24.54, while trailing earnings are $0.40 per share.

Blue Nile Inc. (NASDAQ:NILE): NILE shares recently traded at $40.55, up $1.13, or 2.87%. They have traded in a 52-week range of $30.32 to $64.45. Volume today was 289,453 shares versus a 3-month average volume of 314,021 shares. The company’s trailing P/E is 45.46, while trailing earnings are $0.89 per share.

To contact the reporter on this story: Gina Smith at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com