The following video is part of our "Motley Fool Conversations" series, in which consumer goods editor/analyst Austin Smith and industrials editor/analyst Brendan Byrnes discuss emerging trends in investing.

In today's edition, Brendan and Austin discuss the luxury retailers that are most exposed to international slowdowns. With a lot of sales coming from Europe and Japan, Tiffany & Co. rises to the top of the "most exposed" list, though that doesn't mean there aren't opportunities for luxury retailers to benefit abroad. Watch the video to see which ones Austin still likes.

Austin Smith and Brendan Byrnes have no positions in the stocks mentioned above. The Motley Fool owns shares of Coach. Motley Fool newsletter services have recommended buying shares of Nike and Coach; 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.