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Michael Kors Holdings (KORS)

  • 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
  • Thu, Mar. 19, 8:01 AM
    • Chanel and Tag Heuer (OTCPK:LVMHF) have lowered prices in China due in part to the weakened state of the euro.
    • Some of the price cuts are being seen in other Asia countries as well.
    • The pricing power of luxury brands in China is expected to remain under pressure, although not all companies are expected to follow the lead of Chanel and Tag Heuer with price cuts not in their DNA.
    • A Bloomberg TV report showed very long lines at Chanel stores today.
    • 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).
    | Thu, Mar. 19, 8:01 AM | 1 Comment
  • Tue, Mar. 10, 3:47 PM
    • The co-inventor of Swatch is a bit bearish on the prospect for the Swiss watch industry after taking in the Apple event yesterday.
    • "I do expect an Ice Age coming toward us," said Elmar Mock.
    • "We’ve seen a lot of arrogance in the Swiss watch industry in the past few years, calling the smartwatch a gadget and not taking it seriously," he goes on.
    • Most retail analysts are calling for a smaller impact to the industry from the presence of Apple.
    • Previously: Apple sets Watch prices; pre-orders start on April 10 (March 9)
    • Related stocks: Movado (NYSE:MOV), Fossil (NASDAQ:FOSL), Swatch (OTCPK:SWGAY), Tiffany (NYSE:TIF), Richemont (OTCPK:CFRUY), LVMH Moet Hennessy (OTCPK:LVMHF), Hermes (OTCPK:HESAF), Michael Kors (NYSE:KORS).
    | Tue, Mar. 10, 3:47 PM | 16 Comments
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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