You are here

Michael Kors' Q2 pips analysts' estimates; new stores outside US help

Friday, November 6, 2015 - 05:50
BT_20151106_DNKORS6_1963031.jpg
Trends among younger handbag shoppers do not favour Kors. Millennial customers are said to prefer smaller bags and cross-body purses, which typically cost less, said analysts.

New York

MICHAEL Kors Holdings Ltd, the seller of luxury handbags and clothing, posted a second-quarter profit that topped analysts' estimates, even as its new retail locations boosted sales.

Earnings in the quarter through Sept 26 were US$1.01 a share, the company said in a

Powered by GET.comGetCom