Just so everyone knows, this is not a legit analyst, this is just a trader's service that has made a short term call on KORS, surely based on the large runup. This is not a SELL rating but a short term trade recommendation. I think the're wrong. KORS has been showing a lot of strength in a down market. JMHO
The market is correcting, and most stocks will feel the pain. The Wal-Mart numbers indicate the welfare shoppers are slowing. None of this noise applies to KORS. The luxury niche market leader is still taking market share and growing brand awareness.