- Michael Kors Holdings Limited stock price today and history
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Michael Kors Holdings Limited stock price, KORS
Michael Kors Holdings Limited stock chart:
Michael Kors Holdings Limited close price: 36.74
Stock price forecast:
UP TO +0.79%
Total forecasts: 90
Reached: 8 (8.89%)
Total Win: 7.26 (19.38%)
Showing 1-10 of 521 items.
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Michael Kors Holdings Limited latest news:
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.
BRIEF-Michael Kors Holdings says CEO John Idol's FY 2017 total compensation was $8.6 mln
* Honorary Chairman Michael Kors' 2017 total compensation
was $8.7 million versus $15.1 million in 2016 - SEC filing
After Earnings, Are Analysts Kicking Michael Kors While It’s Down?
Michael Kors and Capital One fall; Analog Devices rises
Michael Kors Holdings and Capital One Financial decline while Analog Devices and Perrigo advance
Michael Kors store closures are favorable for Coach: UBS
Michael Kors Holdings Ltd.'s plan to close between 100 and 125 stores will benefit Coach Inc. , according to UBS. Analysts think the closures will impact North America most, where growth in the handbag market has decelerated. "Further, we believe Michael Kors store growth has been the number one competitive pressure for Coach over the past five years," the Wednesday note said. "[T]oday's announcement... reverses Coach's number one multi-year competitive headwind - and we believe Coach's brand is well-positioned as a share gainer as Michael Kors starts to pull back." There will also be benefits for the handbag sector as a whole. Coach has closed stores and plans to pull back distribution for Kate Spade & Co. , which it is acquiring. "The brands that make up almost 50% of the total market share in the $13 billion North America premium accessories category are now taking significant steps toward improving industry pricing/margins/returns," analysts wrote. Michael Kors shares are down 9.1% for the past three months, Coach shares are up 21.3% for the period, and Kate Spade is down 22.8% for the last three months. The S&P 500 index is up 2% for the past three months.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 close up to 125 stores as luxury retail woes deepen
Michael Kors also admitted an underwhelming store experience for consumers.
Michael Kors slumps on weak forecast; to shut over 100 stores
(Reuters) - Michael Kors , the once-popular retailer that has been trying to turn itself around, said it expected same-store sales to continue to fall in 2018, and that it would shut more than 100 full-price retail stores in the next two years.
Michael Kors plans to shutter 100 to 125 stores; shares tumble 9%
During the fourth quarter, Michael Kors said it swung to a net loss of $26.8 million.
Michael Kors to close between 100 and 125 stores
Michael Kors Holdings Ltd. said Wednesday that it will close 100 to 125 full-price stores over the next two years. As a result, the company expects to incur about $100 million to $125 million in one-time charges. Ultimately, the company expects annual savings of $60 million. In the fourth-quarter of 2017, the company recorded impairment charges totaling $193.8 million related to underperforming stores. Michael Kors shares are down 6.8% in Wednesday premarket trading, and shares are down 15.6% for the year so far. The S&P 500 index is up 7.8% for 2017 to date.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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