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

|By:, SA News Editor

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.