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Business Wire (May 8, 2013)
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Reasons To Be Cautious On Vera Bradley RemainDavid Guarino • Thu, Mar 28 -
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Business Wire (Mar 18, 2013)
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A Fashionable Stock For A Growth PortfolioONeil Trader • Tue, Feb 19 -
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Michael Kors: Q2 Earnings SoarZacks Investment Research • Mon, Nov 19, 2012
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Michael Kors - Like Its Accessories, Shares Keep On ShiningThe Value Investor • Wed, Nov 14, 2012 -
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Business Wire (May 8, 2013)
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at CNBC.com (May 2, 2013)
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at MarketWatch.com (Apr 23, 2013)
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at MarketWatch.com (Apr 23, 2013)
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at CNBC.com (Apr 2, 2013)
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at CNBC.com (Mar 27, 2013)
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at CNBC.com (Mar 27, 2013)
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Business Wire (Mar 18, 2013)
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at CNBC.com (Mar 13, 2013)
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at CNBC.com (Mar 11, 2013)
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at CNBC.com (Mar 5, 2013)
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at CNBC.com (Feb 27, 2013)
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at CNBC.com (Feb 26, 2013)
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at CNBC.com (Feb 22, 2013)
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Business Wire (Feb 20, 2013)
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at CNBC.com (Feb 20, 2013)
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at CNBC.com (Feb 20, 2013)
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at CNBC.com (Feb 19, 2013)
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Business Wire (Feb 19, 2013)
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at MarketWatch.com (Feb 19, 2013)
KORS vs. ETF Alternatives
Company Description
Currently, there's no company description for KORS.
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- | On the move
- Monday, May 13, 7:23 AM Michael Kors (KORS) is added to Morgan Stanley's Best Ideas list to go along with an Overweight rating and $71 price target from the firm. KORS +1.0% premarket. Comment! [Consumer]
- Thursday, May 2, 7:11 AM Retail sales in Hong Kong rose 9.8% in March to 40.2B HKD ($15.8B) to come in significantly slower than the 15% consensus forecast of analysts. By volume, sales rose 10.2% compared to the forecast for 14% and the 21.9% pace seen in February when the Lunar New Year holiday hit the calendar. Luxury sellers in particular are looking for strong sales numbers from Hong Kong. On watch: Gucci (GUCG.PK), Prada, Louis Vuitton (LVMUY.PK), Coach (COH), Ralph Lauren (RL), Michael Kors (KORS), Swatch (SWGAY.PK), Burberry (BURBY.PK), and Tiffany (TIF). Comment! [Global & FX, Consumer]
- Wednesday, May 1, 8:31 AM Luxury retailers plan to start using junkets to bring wealthy Chinese consumers to Hong Kong stores. The practice has done wonders for the casino industry in Macau and could help spur sales with luxury and import taxes in HK lower than on the mainland. High-end China sellers: Gucci (GUCG.PK), Prada, Louis Vuitton (LVMUY.PK), Coach (COH), Ralph Lauren (RL), Michael Kors (KORS), Swatch (SWGAY.PK), Burberry (BURBY.PK), and Tiffany (TIF) 1 Comment [Consumer, Global & FX]
- Friday, April 26, 9:10 AM Luxury retail watch: If expensive apparel doesn't play well with Chinese high-end buyers, don't expect to see it in U.S. stores with the Chinese accounting for over 25% of the world's luxury market. An increased tendency in the U.S. for millionaires to dress down - instead of showing off opulence - is also factoring into the dominance of China. What to watch: High-end sellers such as Gucci (GUCG.PK), Prada, Louis Vuitton (LVMUY.PK), Coach (COH), Ralph Lauren (RL), Michael Kors (KORS), Swatch (SWGAY.PK), Burberry (BURBY.PK), and Tiffany (TIF) might become even more blatant with new designs on which market is the top priority. Comment! [Consumer, Global & FX]
- Tuesday, April 23, 9:48 AM Shares of Michael Kors (KORS +4.1%) are riding the back of Coach's strong performance in China in Q1 to greater heights. The read-through: The retailer has steadily cut into Coach's market share so word from its rival that sales are above expectations could bode well for the handbag category in general and could tip off a boost in luxury spending. Comment! [Consumer, On the Move]
- Monday, April 22, 1:57 PM Coach (COH -0.9%) could see some more pressure from Michael Kors (KORS -2.3%) as the retailer introduces more luggage and accessories aimed at Coach's target buyer. The development could create another obstacle in Coach's quest to grow sales in North America. On tap: Coach's FQ3 earnings will be released tomorrow with comparable-store sales and direct-to-consumer sales in focus. 1 Comment [Consumer]
- Monday, April 15, 1:29 PM The LVMH read-through to luxury stocks: The LVMH report is consistent with the latest batch of retail sales data from China which indicates solid growth is still out there - but just not at the frothy levels of years past. An important trend to watch is that demand in Europe is getting considerable support from the steady string of tourists pouring in from China which magnifies the impact that Chinese consumers have on the sector. Comment! [Consumer, Global & FX]
- Monday, April 15, 6:52 AM China retail sales rose 12.6% Y/Y in Q1 to 5.5451T yuan ($887.22B), according to government data. The pace of growth was a slight improvement over last month's mark and slightly beat estimates but a crackdown on corruption appears to be having an impact on luxury spending and could affect companies in the sector. On watch: EL, RL, COH, KORS, WRC, LVMHF.PK, GUCG.PK. Comment! [Consumer, Global & FX]
- Friday, March 22, 9:05 AM An improved outlook from Tiffany (TIF) on sales in Asia follows upbeat projections from other high-end sellers such as Swatch and Coach for the region. Following a familiar pattern of other global luxury sellers, a high percentage of Tiffany's new stores are planned for Asia. Asia luxury watch: Prada, Louis Vuitton (LVMUY.PK), Coach (COH), Ralph Lauren (RL), Michael Kors (KORS), Swatch (SWGAY.PK), Burberry (BURBY.PK), Estee Lauder (EL). 1 Comment [Consumer, Global & FX]
- Tuesday, March 19, 9:09 AM The outlook for luxury spending in China looks promising, according to analysts. While the pace of luxury retail sales growth slipped in China from 2011 to 2012, the forecast for 2013 is for solid gains again. Chinese tourists taking advantage of a weak euro is also a factor. Luxury stocks to watch: Prada, Louis Vuitton (LVMUY.PK), Coach (COH), Ralph Lauren (RL), Michael Kors (KORS), Swatch (SWGAY.PK), Burberry (BURBY.PK), Estee Lauder (EL). Comment! [Consumer]
- Monday, March 11, 10:10 AM OTR Global warns sales at Michael Kors (KORS -4.6%) appear to be decelerating. Shares are also feeling a tug from a report on China's retail sales which came in below estimates. 2 Comments [Consumer, On the Move]
- Monday, March 11, 9:06 AM China retail sales grew 12.3% in the January to February period, below the estimate of analysts which called for a 13.8% gain. The downtick could be one of the first signs that a government crackdown on lavish spending by government bigwigs may actually register on the sales needle. On watch: EL, RL, COH, KORS, WRC, LVMHF.PK, GUCG.PK. 1 Comment [Consumer, Global & FX]
- Thursday, March 7, 10:40 AM China-based fund manager Scilla Huang-Sun thinks luxury brands in China can hold their own as the number of millionaires in the region continues to rise despite whether or not the nation's overall growth rate is in the single digits. Though the ride is sure to be bumpy, high-end sellers with a strong brand should prosper. Her favorite sector pick is Prada. Others to watch in China: Swatch (SWGAY.PK), Estee Lauder (EL +0.1%), Richemont (CFRUY.PK), Michaek Kors (KORS -2.3%), Coach (COH -0.8%), Ralph Lauren (RL +0.6%), Burberry (BURBY.PK). Comment! [Consumer, Global & FX]
- Monday, March 4, 7:29 AM Sterne Agee becomes the latest firm to see valuation an issue with Michael Kors (KORS) as it initiates coverage with a tepid Neutral rating, while starting off rival Coach (COH) as a Buy. Comment! [Consumer]
- Monday, February 25, 8:54 AM Coach (COH) still has over twice the revenue and lusher margins than Michael Kors (KORS), argues Barron's as it dissects the handbag market. Though shares of KORS have been outperforming COH by a wide margin, the Coach business model which allows it to sell volume at lower prices through its outlet channel while still maintaining a fashion-forward boutique presence is still working. Asian markets also hold promise for the retailer. The Barron's bounce is in play, COH +1.5% premarket. Comment! [Consumer, On the Move]
- Tuesday, February 19, 7:15 PM Sellers in the 25M share secondary of Michael Kors (KORS) include some of its biggest holders, who are apparently looking to cash in from the stock's recent runup. Its biggest seller is Hong Kong private-equity firm Sportswear Holdings, who is selling around 20M shares and reducing its current 15.6% ownership stake to 5.8%. Michael Kors, the company's namesake and chief creative officer, will offer 3M shares, thus lowering his current 3.9% stake to 2.4%. Shares -2.3% AH. Comment! [Consumer, On the Move]
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Perkins Cove: Copy that. Take care of the days and the rest (weeks, months, years, lifetimes) take care of themselves. (maybe Boaty already said that)
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parrothead1972: Covered at 59.99..small, small gain...at least something
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det9: Order filled... Changed the stop 60.19 though.. Not in a mood to lose money today :)
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Kevin Chapman: Holding up very well today. I am hoping for a $COH -like response in shares after earnings.
LATEST REPLIES
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Perkins Cove: Copy that. Take care of the days and the rest (weeks, months, years, lifetimes) take care of themselves. (maybe Boaty already said that)
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parrothead1972: Covered at 59.99..small, small gain...at least something
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Kevin Chapman: Holding up very well today. I am hoping for a $COH -like response in shares after earnings.
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det9: Order filled... Changed the stop 60.19 though.. Not in a mood to lose money today :)
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parrothead1972: Thank you..and just bought it from yesterday near end of the day
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parrothead1972: When are earnings? I wanted to book some profit on it. Still got 85% of it holding.
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Ocean Man: Last one was Feb 12th. Next one should be around May 12th, but Yahoo says June 10th which is probably wrong.
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det9: Did you guys take some profit? I had too many and had to get out. Did not do too bad.
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