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Shares of Coach (COH) move 0.5% lower in premarket trading after a stellar quarter from Michael...

Shares of Coach (COH) move 0.5% lower in premarket trading after a stellar quarter from Michael Kors (KORS) (I, II) makes it crystal clear which retailer is winning the handbag war. After being decidedly on-trend during the holiday period and executing nicely on the margin front, Michael Kors is proving to be a strong brand instead of just a fad. KORS +10.2% to $62.75 premarket, marking an all-time high for shares.
Comments (2)
  • chopchop0
    , contributor
    Comments (3305) | Send Message
     
    Stock up 1% now. COH is pretty cheap at these levels, regardless of what KORS is doing.
    12 Feb 2013, 10:10 AM Reply Like
  • 8tbsp
    , contributor
    Comments (63) | Send Message
     
    No need to panic. Good news for KORS means good news for COH too, especially since the latter has lots of cash to proceed with their plans. An excellent track record and a name people recognize and respect. Good times ahead for COH.
    12 Feb 2013, 11:03 AM Reply Like
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