The following video is part of our "Motley Fool Conversations" series, in which Andrew Tonner, technology editor and analyst, and Austin Smith, consumer goods editor and analyst, discuss topics across the investing world.

In today's edition, Austin takes a look at which luxury retail stock is best positioned for the rise of Asia. He believes the softening of the Chinese consumer's dollar is an overstated problem and that there are many luxury retailers that will handsomely profit in China. His two favorite picks are Coach and Tiffany, with Coach getting the nod as a result of its superior management and greater potential runway.

Andrew Tonner does not own shares of the companies listed above. Austin Smith owns shares of McDonalds. The Motley Fool owns shares of Coach. Motley Fool newsletter services have recommended buying shares of Coach, Nike, and McDonald's; and creating a diagonal call position in Nike. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.