Buy why? Because you are long and want the pps to go up? Kors was up strongly yesterday presumably in anticipation of a good report from Coach. That didn't happen. So, you still think KORS is going to go up today?
Kors is headquartered in HongKong. Management understands how to sell to China and Asia. And HongKong is the fashion center of Asia. Main line of Kors is clothing vs bags for Coach. You buy more clothes than bags. And there are lots of fake Coach bags made in Asia, and no fake Michael Kors products. Plus Coach has recovered from initial selloff after earnings and high end retail stocks are considered less risky and still favored by the money managers.