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Michael Kors Holdings Limited stock price
Michael Kors Holdings Limited latest news:
Jimmy Choo shareholders approve Michael Kors takeover
Sept 18 (Reuters) - Luxury shoemaker Jimmy Choo Plc
on Monday said its shareholders voted in favour of a $1.2
billion takeover by fashion group Michael Kors Holdings Ltd
Avis and SeaWorld drop while Michael Kors and Envision rise
Avis Budget Group and SeaWorld Entertainment skid while Michael Kors Holdings and Envision Healthcare climb
U.S. stocks end lower; Dow snaps 10-day streak of gains
U.S. stocks closed lower on Tuesday, with material and health care stocks leading the retreat from record levels. The Dow Jones Industrial Average fell 0.2% to 22,086. The blue-chip average had previously risen for 10 straight sessions, including nine days in a row where it ended at a record close. The S&P 500 lost 0.2% to 2,474; the benchmark index also ended at a record on Monday. The Nasdaq Composite Index slid 0.2% to 6,370. The day's losses were widespread, with 10 of the 11 primary S&P 500 sectors down on the day. Material stocks fell 0.9% while health care names slid 0.5%. The only industry to rise was utilities , up 0.3%. Adding to the uncertain environment, the Washington Post reported that North Korea had successfully produced a miniaturized nuclear warhead; President Donald Trump said he would respond with "fire and fury like the world has never seen" if the Asian country doesn't halt threats. Among specific stocks, Dean Foods plummeted more than 20% after its results while Michael Kors surged 22% on its own results.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Michael Kors shares soar after full-price push shows early results
Michael Kors(KORS), like Coach, has pulled back from the wholesale channel as part of an effort to reduce promotions. Michael Kors Holdings Ltd.(KORS) shares soared nearly 22% in Tuesday trading after the company reported better-than-expected fiscal first-quarter earnings and revenue, which executives attributed to fewer promotions and increases in the amount customers were willing to pay for merchandise. "few quarters back we said that we had made the decision to create a promotional...
Michael Kors lifts full-year revenue forecast, shares soar
(Reuters) - Michael Kors Holdings Ltd reported better-than-expected profit for the first quarter as it cut down on promotions and sold more premium handbags, and lifted its full-year revenue forecast, sending the company's shares up as much as 22 percent.
UPDATE 3-Michael Kors lifts full-year revenue forecast, shares soar
* Store operating margins up for 1st time in two
Michael Kors raises outlook on Asia, e-commerce sales
Michael Kors raises outlook on Asia, e-commerce sales
Michael Kors' profit tumbles but tops Street estimates, sending shares soaring
Michael Kors plans to buy London-based shoemaker Jimmy Choo for $1.2 billion, hoping to grow its luxury portfolio.
Kors needs to buckle down for Jimmy Choo deal to shine
July 28 (Reuters) - U.S. retailer Michael Kors is
betting that its acquisition of storied shoemaker Jimmy Choo
will give sales a much-needed boost, but lingering problems at
Kors' core bag business could delay potential benefits.
Caterpillar and McDonald's surge while 3M stumbles
Stocks that moved substantially or traded heavily on Tuesday: Michael Kors Holdings Ltd., up 2 cents to $34.93
Michael Kors Buys High-End Shoe Retailer Jimmy Choo For $1.2 Billion
NPR's Kelly McEvers talks with Elizabeth Paton about Michael Kors buying shoe and bag retailer Jimmy Choo for $1.2 billion.
Michael Kors to buy shoemaker Jimmy Choo in $1.2 billion deal
Michael Kors Holdings Ltd. has agreed to acquire luxury shoemaker Jimmy Choo PLC in a deal valued at 896 million pounds ($1.17 billion), the companies said Tuesday. Jimmy Choo shareholders will receive 230 pence a share in cash, which compares with a price of 195 pence at the close of trade Monday on the London Stock Exchange. The boards of directors of both luxury goods makers have approved the deal, the companies said in separate statements. Pierre Denis will stay in his role of chief executive of Jimmy Choo and Sandra Choi will remain as creative director.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Michael Kors to buy luxury shoemaker Jimmy Choo for $1.2 billion
LONDON (Reuters) - U.S. retailer Michael Kors has agreed to buy luxury shoemaker Jimmy Choo for $1.2 billion, snapping up a British brand launched in the east end of London and made famous by celebrity fans including Princess Diana.
Jimmy Choo bought by Michael Kors in £896m deal
The luxury shoemaker is snapped up by Michael Kors Holdings, three months after it was put up for sale.
Apparel retailer shares rise after analyst comment on improved traffic
Apparel retailer shares rose in Monday trading led by companies like Guess Inc. (up 5.1%), Macy's Inc. (up 3.7%) and Abercrombie & Fitch Co. (up 4.5%) after a Cowen & Company note said traffic at clothing stores has improved. "Large declines in national traffic have overshadowed consistently better traffic trends at apparel stores," Cowen wrote in a Monday note. The second week in July saw traffic decline 9.7% year-over-year, according to national traffic devices, compared with a 5.6% decline last week. But apparel traffic was down just 5.3%. Electronics traffic was down 26.2%. Year-to-date apparel traffic is down 4% versus a 19.7% decline for electronics. Other shares on the rise Monday include Kohl's Corp. (up 3%), Michael Kors Holdings Ltd. (up 2.2%), J.C. Penney Co. Inc. (up 2.8%) and Ralph Lauren Corp. (up 2%). The SPDR S&P Retail ETF is down 8.6% for the year so far while the S&P 500 index is up 9.9% for the period.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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