• <abbr id="ck0wi"><source id="ck0wi"></source></abbr>
    <li id="ck0wi"></li>
  • <li id="ck0wi"><dl id="ck0wi"></dl></li><button id="ck0wi"><input id="ck0wi"></input></button>
  • <abbr id="ck0wi"></abbr>
  • <li id="ck0wi"><dl id="ck0wi"></dl></li>
  • Home >

    Michael Kors's Revenue Declined By 4.8% Capri, And Sales Expectations Were Lowered.

    2019/8/9 10:48:00 0

    MichaelKors

    Capri Holdings Ltd (Capri Holdings) failed to achieve its expected revenue for the quarter, and has lowered its annual sales forecast. The high-end fashion company is struggling to cope with slowing demand for Michael Kors brands in department stores and its own retail stores.

    Michael Kors occupies most of the sales share of the group, but the brand still depends heavily on the sale of department stores. But as more and more shoppers choose to shop online, department store sales are struggling.

    The brand is also reducing the discount rate and inventory pressure of its stores, with a view to promoting more full price sales.

    Although the move to raise full price sales brought better than expected quarterly profits, it also affected the flow of Kors shops, resulting in a drop in sales in the same quarter.

    Analysts in Jane Hali&Associates, a research firm, say that demand for high-end handbags has slowed in recent months as more and more consumers choose to buy retro wind pockets and fashion bags.

    Michael Kors's revenue declined by 4.8% to 981 million dollars, and sales of Capri's Jimmy shoes Choo Jimmy declined by 8.7% to $158 million.

    However, Capri's Italy luxury fashion brand Versace is a highlight of the group. Its quarterly revenue was $207 million, exceeding the average forecast of $202 million 370 thousand by 4 analysts. Last year, Capri bought Versace for about $2 billion to help it enter the European affluent consumer market.

    The net profit of the group dropped from $186 million to $45 million due to $97 million in impairment. The company's earnings per share were 95 cents, exceeding analysts' expectations of 90 cents.

    According to the IBES data provided by Refinitiv, the total revenue of the group increased by nearly 12% to $1 billion 350 million, lower than the average analyst estimate of $1 billion 370 million.

    Capri expects annual revenue of $5 billion 800 million, down from the previous forecast of $6 billion.

    However, the company maintains its annual earnings forecast of $4.95 per share unchanged, which now includes the recent US announcement of tariffs on products produced in China. Jamie Merriman, an analyst at Bernstein, said earnings guidelines remain unchanged, which may ease pressure on Capri shares in the short term. He added that Michael Kors, as a brand, still has many potential problems in terms of poor sales and low brand image.

    Capri's shares have fallen nearly 17% this year, up 4.5% in pre opening trading. Author: Reuters

    • Related reading

    This Year's Thirteen Line Clothing Purchase In Guangzhou Must Avoid These Clothing Routines!

    market research
    |
    2019/8/8 21:16:00
    4

    Wei Is Making More Changes. The First Denatured Model Is Added To The Endorsement Matrix.

    market research
    |
    2019/8/7 15:48:00
    1

    "Fried Shoes" Warming Up, Who Is Pushing Hands?

    market research
    |
    2019/8/7 15:36:00
    0

    After The Exchange Rate Breaking "7", The Profits That Are Consumed By The Tariff Are Expected To Return, And The Textile Enterprises Are Mixed With Joy And Sorrow.

    market research
    |
    2019/8/7 12:22:00
    0

    What Can Brother Do To [0 Stock? The Secret Is Here...

    market research
    |
    2019/8/7 12:19:00
    0
    Read the next article

    In The New Autumn, How Should Clothing Store Display Be Done?

    Now that autumn is just over, the weather is getting cooler. Many clothing stores have put on new styles of autumn wear. So how can the clothing store be displayed in such a season?

    主站蜘蛛池模板: 人人妻人人澡人人爽欧美一区| 成人欧美一区二区三区| 最近韩国免费观看hd电影国语| 在线免费观看视频你懂的| 国产亚洲精品资源在线26U| 九九久久99综合一区二区| h在线观看免费| 西西午夜无码大胆啪啪国模| 日本高清xxx| 国产精品国产三级国产在线观看| 动漫做羞羞的视频免费观看| 丝袜人妻一区二区三区网站| 糟蹋顶弄挣扎哀求np| 日本高清不卡在线观看| 国产伦理一区二区| 中文精品久久久久国产网址| 色偷偷色噜噜狠狠网站久久| 成人免费小视频| 免费国产高清视频| 99久久婷婷国产综合精品| 欧美日韩免费在线视频| 国产精品一区久久| 久久精品国产99国产精品亚洲| 韩国三级bd高清中文字幕合集| 日产精品久久久久久久性色| 午夜福利一区二区三区高清视频 | 女同午夜三级在线观看| 伊人这里只有精品| 91精品国产色综合久久不卡蜜| 欧美成人免费tv在线播放| 在厨房被强行侵犯中文字幕| 亚洲大片免费观看| 麻豆AV一区二区三区久久| 文轩探花高冷短发| 免费a级毛片大学生免费观看| 67194成手机免费观看| 日韩精品欧美国产精品忘忧草| 国产乱人视频在线看| 久久夜色精品国产欧美乱| 高清国产美女一级毛片| 把女人的嗷嗷嗷叫视频软件|