No even that is not showing the gains percentage wise as previous years. They also are known to make most of their sales from their outlet stores. If I were searching for the nearest "Michael Kors Outlet" that's exactly what I type into the google search engine so it an accurate way to judge demand for the.
If I were searching for the nearest "Michael Kors Outlet" to buy from them that's exactly what I type into the google search engine and not the stock symbol.
By the way you can also compare both search terms at the same time by putting "Michael Kors Outlet" in the first box then click to add a second term and put "Michael Kors Store" in the second box and you will see that way more people search for them by "Michael Kors Outlet" so that is way way way more significant!
Yes they have probably as many outlets as Coach does and they are heavily dependant on outlet sales. Everywhere I see a Coach outlet I also see a Michael Kors Outlet. Trouble with Kors is they built all their stores so fast to compete with Coach, well Kors was the new kid in town and everyone first flocked in. Now their same store sales will be so hard to go up against in a sudden kind of a way they'll likely soon start seeing negative comparisons. Also Coach is not giving up by any means and is putting up a good fight so they will also have to contend with that and then there is also the Kate Spade store chain revving up for more growth!
No actually analysts were negatively surprised by the forward guidance about same store sales and by lower margins due to rent increases in store space they lease. If you go back to that date and read things just as they cam out you'll see that. That's why the stock initially had a big dip when the conference call started. Now you see some analysts trying to pump the stock maybe because they have some relations with some of the big firms that are shareholders....
No it simply says that less people are looking for Michael Kors Outlet locations now and in general demand for them is falling off.
The sudden search traffic decline in April and May appear to be continuing into June and by looking at my local stores in person I believe I also see it there. The quarterly conference call about earnings and forward guidance also gave a hint that there was some question about forward same store sales , just a hint and I believe it is because of what I have mentioned here. I notice in yahoo finance news on KORS the stock is being pumped and thats sure a bad sign. They may have some other interest and reasons for doing that...
Interesting to note that the sudden search traffic declined started in the beginning of this current new quarter that is not reported yet.
You just have to look at the complete graph using the google trends tool and see it for your self. Anyone who does not know what google trends is can simply search for google trends using those two words. When you find it put the words in quotes like this "michael kors outlet" and you will see what I do. Read about how to use it and try some other things with it to get a good idea of how it shows you things. Yes it does certainly indicate a sudden and sharp decline in people looking to find a Michael Kors Store you just have to see it for yourself! It's very damming for their outlook and has been that way for Coach for a while now. I don't think the choice has to be to buy Coach or Kors stock, not one or the other, it can be a choice to buy neither. It is very possible the high priced women's handbag trend and the other high priced things they have trend can simply fall apart in general!
No actually the outlet term is very important because Kors and Coach depend heavily on their outlet sales.
Neither Coach or Kors is a good buy now because there is ever increasing competition in this sector now and Kate spade and several more are reving up to compete. same store comps for Kors will be impossible for Kors to beat their newness is wearing off,
Again I visited our Kors Stores in my area, one in a mall and the other in an outlet center. In both circumstances there is a Coach store right across from it and you can be in one store and look across to the other. I see that Coach is putting up a good fight now and i also don't see as many people in Kors as was the case last year and several months ago compared to Coach. The balance of customers seem to be moving away from Kors and they seem less busy then in the past . It seems like the excitement of the Newer Kors Stores is ending and there is more of a balance between Coach and Kors now. I think with Kors coming up against their own same store sales comparisons from last year and the fact that their Newness is wearing off (since they opened so many new stores so quickly) and the fact that Coach is fighting with them for customers, I believe this is just at the point where we will see a sudden shift and see Kors Same Store Comparisons to go Negative and a big miss in this quarters earnings with that trend continuing into The Christmas season and also a huge earnings miss then. The Google Trends Internet Search Traffic Tool Strongly Supports My Belief as it is for the first time in years showing a sharp decline in people searching for the term "Michael Kors Outlet" .
No Google Trends Current Graph Shows Searches For "Michael Kors Outlet" Are SHARPLY DOWN STARTING IN APRIL AND EXCELLERATING SHARPLY DOWN The Trend Line For It Has Sharply Broken Those Wondering About This Need To Look And See it For Themselves.
It looks like other retail is also falling off , the general retail sales report came out showing over all retail sales for the month are declining. I just can't believe how sharply the internet traffic in Michael kors has fallen off... But it has...
It shows successive increasing peaks with a solid trend line then a MASSIVE BREAK LOWER BREAKING THE TREND LINE starting in April and May WITH A SHARP DOWNWARD NEW TREND CONTINUING TO PRESENT. I think that reflects why the conference call showed less optimism then usual in their forward guidance and remember the months the quarterly report covered was only the first three months of this year. It also looks like some insider selling is beginning now...
I reviewed fresh data 6-14-14 using the Google Trends internet search monitoring tool. I see the graphical trend is going even more sharply lower to this current day and it has for the past few months sharply broken the positive trend line it had for the past few years and I also expect the stock price to break down sharply as it becomes more evident their newness to customers is wearing off and they are facing ever increasing and stiff competition!
I PREDICT KORS WILL BREAK DOWN since store traffic appears to be significantly falling off. This stock is one of those fast up FAST DOWN types.
BATMAN says BAM POW!! WAM!! POW POW POW!!! Told you so and I'll tell you more it can go to $30 very quickly!!!!