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.

With many emerging markets still at the beginning of their most explosive growth, there is one specially profiled stock we believe will take Latin American retail by storm. There is astounding growth potential for this company The Motley Fool has dubbed our "Top Stock for 2012." You can read our special free report by clicking here. In it, you'll discover the companies hand-picked by our analysts that are positioned to be the titans of retail in the future. You can access the report -- 100% free of charge -- by clicking here. Fool on!