Shares of Coach (COH -4.4%) slip lower after rival Michael Kors (KORS +6.3%) ups its guidance...

|By:, SA News Editor

Shares of Coach (COH -4.4%) slip lower after rival Michael Kors (KORS +6.3%) ups its guidance for FQ2 and FY13 as it bucks the cautious tone of most high-end sellers. There's no getting around that Michael Kors has been eating Coach's lunch this year in key luxury markets and the tale of the tape isn't much prettier, KORS +105.2% YTD vs. COH -7.3%.