Sunday, June 02, 2019 11:41:28 AM
Better known as Michael Kors, NYSE:CPRI has suffered a drastic fall from the August high of $76. Retail has had it difficulties in that time as the economy in the last quarter of 2018 took a very negative stance as political unrest(shut down) and worldwide trade worries cut consumer confidence and spending. Results from the first quarter so far for retailers have been very mixed, with NYSE:JWN suffering a huge sell off post earnings .
Capri have made some moves to address issues within the company, firstly increasing product lines but keeping inventory under greater control to reduce discount selling.
New focus on e-commerce
Continued acquisitions .
Cost saving and streamlining of IT systems.
Its is expected that certain sections of the business will be in decline including licensing and Jewellery, but we think that is already in the discounted stock price.
We would look for a small entry pre earnings , with strong support below and add on any reversal.
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Recent CPRI News
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