BOSTON ( TheStreet) -- Luxury retailers may seem like the worst investments given the prevalence of tightwad consumers, but the opposite is true for some companies.Last week's Best in Class made the bullish case for jewelry seller Tiffany & Co. ( TIF). The same for leather-ware seller Coach ( COH) follows. The investment theses are comparable: Emerging-market demand, specifically in Asia, will offset developed-nation stagnancy this year. Although America's economic dominance is weakening, its cultural hegemony is squarely intact. American luxury brands have cache in emerging markets, confirmed by Coach's latest commentary. According to CEO Lew Frankfort, Coach's business in China is experiencing "rapid" growth and "trending about a year ahead of our originally articulated plan." The company, founded as a family-run workshop in New York during World War II, now expects $250 million of China sales in fiscal 2012.