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Michael Kors Holdings (KORS)

  • Mon, Jul. 20, 1:38 PM
    • A bold forecast from Cowen Research on Amazon has some deep implications for the broad retail sector if it proves accurate.
    • Cowen sees Amazon nabbing 14% of the U.S. apparel and accessories market by 2020, up from ~5% this year.
    • The Amazon Effect impacts retail companies differently depending on if they sell their brands on the Amazon website and at what prices. Chains that could see an impact from a higher level of apparel buying through Amazon include Macy's (NYSE:M), Dillard's (NYSE:DDS), J.C. Penney (NYSE:JCP), Aeropostale (NYSE:ARO), Abercrombie & Fitch (NYSE:ANF), L Brands (NYSE:LB), Kohl's (NYSE:KSS), Pacific Sunwear (NASDAQ:PSUN), and Zumiez (NASDAQ:ZUMZ). The trend also puts high-end sellers such as Kate Spade (NYSE:KATE) and Michael Kors (NYSE:KORS) in a tighter box on how to sell through Amazon.
    • A disturbing trend for Wal-Mart (NYSE:WMT) and Target (NYSE:TGT) is that a higher percentage of their customers also bought apparel through Amazon in the first half of 2015.
    | Mon, Jul. 20, 1:38 PM | 28 Comments
  • Thu, Jul. 16, 10:12 AM
    • Some popular momentum-driven retail stocks are starting off the day in reverse with Michael Kors (KORS -2.7%), Coach (COH -0.2%), Pacific Sunwear (PSUN -1.9%), Vera Bradley (VRA -3.3%), Fossil (FOSL -0.6%), Lululemon (LULU -0.6%), Kate Spade (KATE -0.4%) and Under Armour (UA -3.5%) all lower.
    • While OTR Global is with a fresh note on UA and KORS in which expectations are reeled in, pricing trends and China are also looming over the sector.
    | Thu, Jul. 16, 10:12 AM | 2 Comments
  • Tue, Jun. 30, 11:21 AM
    • The luxury handbag trade is having a down day as concerns on F/X and pricing pressure in North America impact sentiment.
    • Kate Spade (KATE -2.7%), Coach (COH -1.5%), Michael Kors (KORS -2.9%), and Vera Bradley (VRA -0.8%) are all lower.
    • Cowen Research is out with a detailed report on the handbag market in which it warns the increase of consumer spending on athleisure could be chipping away at handbag demand.
    | Tue, Jun. 30, 11:21 AM | 5 Comments
  • Fri, Jun. 26, 3:00 PM
    • Tiburon Research has an interesting breakdown of how retail store sales fared on a wider "two-year stack" at comparable stores.
    • Q1 2-year comps that impressed were from Michael Kors (NYSE:KORS) +20.4%, Ulta Salon (NASDAQ:ULTA) +20.1%, and  GameStop (NYSE:GME) +14.4%. J.C. Penney (NYSE:JCP) was +10.8% off an easy 2-year compare.
    • The story is different at Coach (NYSE:COH) -44%, Vera Bradley (NASDAQ:VRA) -24.7%, Aeropostale (NYSE:ARO) -24.0%,  Cabela's (NYSE:CAB) -23%, and Staples (NASDAQ:SPLS) -7%.
    • TIburon Research comparable-store sales table
    | Fri, Jun. 26, 3:00 PM | 11 Comments
  • Fri, Jun. 12, 9:32 AM
    • Luxury retailers continue to struggle in China as consumers in the nation adjust to pricing disparities derived from currency fluctuations.
    • Last year, luxury sales in China fell 11% while overseas purchases by Chinese tourists rose 9%.
    • The tally for overseas purchases included the "grey market" where items are bought overseas then resold inside China.
    • The trend has continued this year, despite efforts by companies to reset pricing.
    • China luxury sellers: Gucci (OTC:PPRUF, OTCPK:PPRUY), Prada, Louis Vuitton (OTCPK:LVMUY), Coach (NYSE:COH), Ralph Lauren (NYSE:RL), Michael Kors (NYSE:KORS), Swatch (OTCPK:SWGAY), Burberry (OTCPK:BURBY), Tiffany (NYSE:TIF).
    | Fri, Jun. 12, 9:32 AM | 2 Comments
  • Wed, May 27, 12:47 PM
    | Wed, May 27, 12:47 PM | 1 Comment
  • Wed, May 27, 9:18 AM
    | Wed, May 27, 9:18 AM | Comment!
  • Wed, May 27, 7:14 AM
    • Michael Kors (NYSE:KORS) reports revenue rose 23.3% in FQ4 on a constant currency basis.
    • Revenue in North America was up 13.7% to $840.5M during the quarter off a -6.7% comp.
    • Revenue in Europe rose 33.5% to $219.8M.
    • Gross profit rate -150 bps to 58.4%.
    • Guidance: FQ1 revenue of $930M to $950M expected vs. $1.09B consensus.
    • Previously: Michael Kors Holdings misses by $0.01, revenue in-line
    • KORS +0.51% premarket.
    | Wed, May 27, 7:14 AM | 36 Comments
  • Wed, May 27, 7:02 AM
    • Michael Kors Holdings (NYSE:KORS): FQ4 EPS of $0.90 misses by $0.01.
    • Revenue of $1.08B (+17.7% Y/Y) in-line.
    • Shares +0.51% PM.
    • Press Release
    | Wed, May 27, 7:02 AM | 2 Comments
  • Tue, May 26, 5:30 PM
  • Wed, May 13, 10:15 AM
    • Weak guidance issued from Ralph Lauren (RL -2.2%) is having a ripple effect on some high-end retail stocks.
    • Issues with merchandising, F/X pressure, and lower demand from international tourism pestered Ralph Lauren in Q1 and could continue to be a theme looking forward.
    • Previously: Polo Ralph Lauren beats by $0.09, beats on revenue (May. 13 2015)
    • Previously: More on Ralph Lauren's FQ4 (May. 13 2015)
    • Michael Kors (KORS -1.3%), Coach (COH -0.4%), Movado (MOV -0.5%), Fossil (FOSL -1.7%), and Vera Bradley (VRA -0.3%) are all lower than market averages.
    | Wed, May 13, 10:15 AM | 2 Comments
  • Mon, Apr. 20, 12:10 PM
    • Research firm Global Blue says Chinese tourists increased their luxury spending by 67% in Q1.
    • High-end retailers with stores in Europe received a good portion of the sales after a weak euro attracted tourists to buy in the region over Hong Kong.
    • Last year, Chinese tourists increased spending by 18%.
    • A reselling trend in China has accounted for some of the brisk growth, while also pressuring prices for luxury brands in China.
    • Luxury retailers: Gucci (OTC:PPRUF, OTCPK:PPRUY), Louis Vuitton (OTCPK:LVMUY), Coach (NYSE:COH), Ralph Lauren (NYSE:RL), Michael Kors (NYSE:KORS), Burberry (OTCPK:BURBY), Tiffany (NYSE:TIF), LVMH (OTCPK:LVMHF, OTCPK:LVMUY), Richemont (OTCPK:CFRUY, OTCPK:CFRHF), Remy Cointreau (OTCPK:REMYF, OTCPK:REMYY)
    | Mon, Apr. 20, 12:10 PM | 5 Comments
  • Wed, Apr. 15, 1:13 PM
    • Piper Jaffray corralled over 6K teenagers to take a pulse on the consumer spending trends of the demographic.
    • The group had a slightly higher rate of part-time employment than a year ago and continued to show a strong preference for online shopping.
    • Standouts brands with teenagers include Lululemon (NASDAQ:LULU), MAC Cosmetics (NYSE:EL), Victoria's Secret (NYSE:LB), Nike (NYSE:NKE), Ralph Lauren (NYSE:RL), Urban Outfitters (NASDAQ:URBN), privately-held Forever 21, and Michael Kors (NYSE:KORS).
    • Vineyard Vines continues to be a teen favorite as it slices off a larger piece of the teen spending pie. The privately-held company is up to 48 stores and 97 retail locations.
    • Department store chains didn't resonate particularly with the teenager crowd in the Piper survey.
    | Wed, Apr. 15, 1:13 PM | 5 Comments
  • Tue, Apr. 14, 7:51 AM
    • Luxury spending in Europe appears to be on the rise, notes retail watcher Rahul Sharma.
    • The analyst notes Audi, BMW, and Mercedes-Benz all posted March sales records.
    • Yesterday, LVMH (OTCPK:LVMHF, OTCPK:LVMUY) reported sales increased 16% to €8.3B $8.8B (+3% ex-currency) in Q1 off of a tough comparable period. Sales for the selective retailing category were up 20% Y/Y.
    • The trend could set up well for Tiffany (NYSE:TIF), Ralph Lauren (NYSE:RL), Coach (NYSE:COH), Michael Kors (NYSE:KORS), Hermes (OTCPK:HESAF, OTCPK:HESAY), and Richemont (OTCPK:CFRUY, OTCPK:CFRHF) which have suffered a bit with Chinese tourism to Europe down.
    | Tue, Apr. 14, 7:51 AM | Comment!
  • Tue, Apr. 7, 2:47 PM
    • Global clothing stocks are outperforming broad market averages on the day.
    • There was some positive commentary out early from Credit Agricole which may have set up the sector for some bids.
    • Demand has been improved of late in some Asian markets, while F/X challenges continue to be a large drag for some sellers.
    • On the expense side, cotton prices are 28% below the level of a year ago.
    • Gainers: Lululemon (LULU +4.2%), Sequential Brands Group (SQBG +6.8%), PVH Corp. (PVH +1.6%), Iconix Brand Group (ICON +1.2%), Ralph Lauren (RL +1.3%), G-III Apparel (GIII +2.1%), Michael Kors (KORS +2%).
    | Tue, Apr. 7, 2:47 PM | Comment!
  • Wed, Apr. 1, 9:21 AM
    • Piper Jaffray downgrades Michael Kors (NYSE:KORS) to Neutral from Overweight.
    • Concerns on the retailer's North American comparable-store sales growth are voiced.
    • The investment firm takes its price target on MK down to $70 from $89.
    • KORS -2.28% premarket.
    | Wed, Apr. 1, 9:21 AM | 7 Comments
KORS vs. ETF Alternatives
Company Description
Michael Kors Holdings Ltd is a designer, marketer, distributor and retailer of women's apparel and accessories and men's apparel. The Company's business consists of retail, wholesale and licensing segments.
Sector: Services
Industry: Apparel Stores
Country: Hong Kong