Tiffany & Co. (TIF) To Shine This Year

Retail sales data for the holiday season showed a 2.5% growth over the last year.

Talking with CNBC, Citi Analyst Kimberly Greenberger stated that Year 2010 is likely to be a good year for luxury retailers as high-end consumers have started to trickle back to the stores. She picked Tiffany (NYSE: TIF) and Coach Inc. (NYSE: COH) as her favorites. She also said that the retailers at either end of the retail spectrum are expected to do well this year. According to the analyst, stocks such as TJX Companies (NYSE: TJX) are also expected to be bullish this year.