Today in luxury marketing:
How to trade the global luxury market today
Luxury retail stocks got a beating earlier this week following Burberry's announcement that it would cut its full-year profit outlook. The London-based fashion house blamed weakness in the luxury goods sector for a possible shortfall in sales. Other global luxury stocks traded down on the news, including Richemont, Christian Dior and LVMH Moet Hennessy Louis Vuitton. Meanwhile, luxury brands on this side of the pond couldn't catch a break either, per Daily Finance.