Luxury Stocks Take Hit, From Furnishings To Fashion

Investors.com http://ift.tt/XZ62ob Except for two jewelers, it was not a good week for luxury stocks. Shares of luxury names from home goods and furnishings to fashion and watches stumbled, with the sharpest drops seen from Williams-Sonoma (WSM) and Movado (MOV) following their disappointing quarterly results and lowered guidance. Williams-Sonoma sunk 12% Thursday and another 1% on Friday. High-end home-goods company Restoration Hardware (RH) followed it down 4% on Thursday and