I will not tell you what you already know: people with money tend to spend it, regardless of economic trends. I am putting together an index to track high end retail or anything exclusive to those with a lot of money.
Here is what I have, so far:
BID, RL, COH, BC, AAPL, COH, KORS, WFM, LULU, PII, LUX, JWN, TRLG, SKS, ETH, TIF, HWD, MOV, WSM, STNR, MTN
I realize some of those names aren’t necessarily exclusive to the super rich. However, all of them are considered to be “premium.”
Feel free to add names in the comments section.
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first
MOV
Mixed on MOV. It’s very commercial.
On the fence with MOV.
ok, i’ll add it
EL – With FBOOK and HD cameras in everyones hands, the ladies are paying top dollar for make up and skincare.
EL is too mainstream.
ATX – Cross Pens, not the most liquid stock, and some people might quibble with “premium”, but its got some pretty decent fundamentals.
No way will I put a pen company in there.
Slap my income tax plan on those fuckers – “110% tax on ALL income above $250K” – and we
could SHORT with gusto the names you listed.
AXP
FL
Go ask your wife if COH is high end.
COH is not high end. But it’s expensive enough to keep out the riff raff.
not high end. very “aspirational”. birkin and shit is high end.
much like MOV
Does LVMH suit what you’re looking for in this group?
not listed in US
M seems to be trying to trash its Macy’s brand, but their Bloomingdales stores are still decent.
Also wonder if WFM might fit in this group as people tend to eat “better” when feeling “wealthy.”
Oh yeah, and RL. Their mass market business sustains them, but they’ve done a good job with higher-end suits, furniture and home goods.
@anton true. double rl and rlx lines are up there.
BRBY and MUL (not US listed) in case anyone wants to follow. MUL has gone full re since some newscaster was spotted with a men’s satchel bearing the logo.
GMCR?
no
AXP
No way is AXP high end.
JAG
Very nice cars, despite that Superbowl commercial.
And with a ticker symbol named for those who drive them.
That’s a miner, JAGOFF
Oh.
Really?
Phuck.
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LOL
ROTFL ! someone took the hook no bait
DMND
I think DeBeers is the ultimate parent company.
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lol
EGO
Cadillacs AND gold?
How can you get any higher end than that?
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…..aaaaand Gint’s on a roll!
You listed BID twice.
ZAGG – It is the premium option in the screen protection and mobile device accessory business.
I don’t see WMT in there, it’s where I go when I’m feeling rich.
RICK – Premium srippers… at least that’s what I hear.
A – Game
Strippers
like the theme! You even got the “wanna be’s” covered…
NKE continues to have appeal amongst the crème de la crème: http://yhoo.it/xdoQBI
does EL qualify… not really high end but women like their makeup
oops sorry..yuo looked at EL… and BMW doesnt trade on American exchanges…
BIG,DLTR
Sarious now…
Whattabout TEA? That’s pretty high end schit.
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DSW?
nope
What do you think about resorts, such as WYNN? Seems their resorts with spas, golf courses, etc. would see a similar draw from the upper echelons of wealth.
vagrants go there too
VRA? WFM? LIZ? BC?
really?
http://www.verabradley.com/category/Collection/Vera-Vera/716/pc/640.uts
Vera Bradley is very similar to that fat chick direct mail clothing company you guys perennially crap upon. It’s like that, but with ugly purses.
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Also, wineries, such as STZ seem solid. Their recent divestiture of low end/value wines as well as their focus on “premium” wines with higher margins should benefit from any increase in discretionary spending by the rich.
ulta salons, the women folk love that place. been following that for a couple of yrs. now. kicks ass, Pal
SIG 20 Europe 80 US – good chart / good fundamentals
kft. cause my baloney has a first name.
UA – shoes are gaining traction
not high end
$HWD
Bullish may be getting Steak Knifes.
Knifes? A game.
Fly’s trading game in PPT.
FOSL caters to high end as well as middle class
FDO
Banked some coin in VAC, timeshare is all about disposable income.
Uhmmm..,
JWN (nordstrom) maybe.
And I was going to suggest Gulfstream. But General Dynamics owns them. (GD)
Maybe a highend boat company?
Dammit. JWN is in there already. Along with Saks.
A GAME!
HZO – MarineMax – yachts…
CAB is a high end outdoor retailer — not what you think of as “luxury” like TIF or SKS; but for the outdoorsy set, this is where you shop for high end gear.
ERJ – Phenom private jets
HOG – no one needs a Harley. They’re expensive playthings designed to be shown.
You are my inspiration, I own few web logs and sometimes run out from brand :).