Tiffany's (NYSE:TIF) 3rd-quarter earning destroyed analysts' expectations—but what are the implications for luxury going forward? In this segment from Motley Fool Investor Beat, analyst Jason Moser explains why luxury retailers like Tiffany and Williams-Sonoma (NYSE:WSM) will see strong holiday season sales without having to resort to Black Friday tactics like Wal-Mart (NYSE:WMT) and Target (NYSE:TGT).

Alison Southwick has no position in any stocks mentioned. Jason Moser has no position in any stocks mentioned. The Motley Fool recommends Williams-Sonoma. 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.