Capri Tried to Fix Michael Kors and Versace. It Tanked Their Sales Instead.
Sharp price increases and other missteps caused the company’s quarterly revenue to fall 12% in the important holiday period.
Michael Kors-owner Capri's bleak forecast signals slow luxury demand recovery
Capri Holdings forecast revenue for this financial year and 2026 below Wall Street estimates on Wednesday, as the Michael ...
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Capri Faces a Long Rebuilding Process for Each of Its Brands After Proposed Sale Fails
Capri is led by Michael Kors (68% of fiscal 2024 sales), a major brand in the attractive midtier handbag market. However, we believe it lacks the brand strength to provide an economic moat for ...
Missteps Hurt Michael Kors Sales, Capri CEO Says
Capri Holdings said its Michael Kors and Versace brands hiked prices too high and made other missteps that contributed to a near-12% decline in quarterly revenue and a net loss of $547 million. The ...
Michael Kors Fall 2025: A Smart Collection for All Seasons
The designer went back to his core, reasserting his tailoring power with polished but easy suiting, modern-looking layers, ...
Capri Faces Brand Challenges in Q3
Capri Holdings Limited faced a tough fiscal third quarter, coming up short on earnings expectations amid a challenging ...
Michael Kors and Versace Sales Tumble
Luxury-brand owner Capri Holdings said it is re-evaluating its strategy after sales of Michael Kors, Versace and Jimmy Choo tumbled in the latest quarter. The company reported a near-12% decline in ...
FOSSIL GROUP, INC. ANNOUNCES CONTINUED PARTNERSHIP WITH MICHAEL KORS TO CREATE WATCHES AND JEWELRY
Fossil Group, Inc., (NASDAQ: FOSL) ("Fossil" or the "Company") today announced longtime partner Michael Kors has extended ...
2CPRI : Unpacking the Latest Options Trading Trends in Capri Holdings
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range ...