I am hearing that Michael Kors has also signed eyewear licenses with Ray-Ban and Alain Mikli.
It makes sense that Ray-Ban is popular in North America and Alain Mikli designs for the high society in Europe, and avant-garde in the USA...
Chipotle saw increased foot traffic, and DID NOT BLAME WEATHER....
I am really proud of the results our restaurant teams delivered during the first quarter. While many restaurants and retailers have talked about a tough consumer environment not because of the weather the type of economy our teams have created such a warm and welcoming environment that our customers visited at an accelerated rate during the quarter. This terrific environment our customers discover when they visit Chipotle is the result of the special people culture our managers are creating in our restaurants.
Francesca's blamed the harsh winter for thier quarter which included christmas and ended on January 31! This is an excuse you will hear often in the next few weeks from the losing retail firms. I will sell KORS immediately if management starts to make excuses. I doubt they will...
Here is an article from FRAN..
Shares of clothing retailer Francesca's (FRAN) fell hard early Wednesday after fourth-quarter earnings growth slowed more than expected and revenue was down compared to the same quarter the prior year.
The operator of young women's clothing boutiques blamed bad weather and issued a weak forecast, saying storms in January will affect Q1 results as well.
Q4 earnings per share fell 18% to 27 cents, a penny lighter than expected.
Sales dipped 6.3% to $92.1 million. Wall Street was looking for $94.3 million.
Francesca's shares were down 11% in 15 times usual volume, leading the sector down in morning trading in the stock market on Wednesday.
Highly rated G-III Apparel (GIII), maker of Sean John, Levi's, Guess and Kenneth Cole jackets and pants topped Q4 estimates on Tuesday. But it too guided Q1 results below consensus on costs related to its acquisition of G.H. Bass. G-III was down 1% Wednesday morning.
Francesca's CEO Neill Davis said: "Sales results for the fourth quarter were below our revised guidance driven by the impact of 370 full and partial daily boutique closings during January due to extreme weather conditions.
"The headwinds our business experienced as we progressed through January have continued into the first quarter," he added.
I am not concerned with the daily/weekly/monthly ups and downs. KORS is up in my
portfolio every quarter. They are incredibly consistent. Please check back this summer. I would bet that by the end of the quarter (June) KORS will be north of $100...
More evidence Michael Kors is taking share in Europe from the Mulberry report...
Mulberry's push to swap its "affordable luxury" tag for a more exclusive position was led by Bruno Guillon, ousted as chief executive in March after the strategy was undone by its core shoppers turning to cheaper affordable luxury rivals such as Michael Kors.
After a review, the firm said it would now sell more bags at cheaper prices as it warned investors on 2013-14 profit for the second time in three months, pencilling in a pretax profit of 14 million pounds ($24 million), some 26 percent below market forecasts and almost half what it made the year before.
"There's a change in emphasis, I'm not dramatically changing things but I'm looking at the needs of what I think is an important customer for us," Interim Executive Chairman Godfrey Davis, a 27-year Mulberry veteran, told Reuters.
Guillon's pursuit of more exclusive aspirations followed that of larger rivals like Kering and LVMH, respective parents to Gucci and Louis Vuitton, who have also been surprised by newcomers grabbing customers at the lower end of the market.
Brands such as Michael Kors and Tory Burch, whose bags are priced at a fraction of their more illustrious rivals, are proving increasingly popular, especially with emerging-market customers - the industry's main growth engine.
The cover photo of Vogue Magazine- India has a Michael Kors purple tote.
It appears that KORS will focus on China and India after they get through completely dominating Europe and Japan?
Cramer acts like he is an expert on all 10,000 stocks. He needs to concentrate on those stocks whose CEO's come on his show and they have a suckfest... The guy is pathetic as he pimps his bad stocks and stupid darn books every day
Their new store is open at the Palladium Mall in Mumbai, India. I am seeing pics of Indian women buy rose gold watches. After KORS dominates Europe, they may concentrate on India and china?
Cramer is a moron.
I am getting concerned about IBM in their software services transition. It seems like a lot of small companies are taking market share from them
Was the correction related to tax selling? The markets look strong on the 15th & 16th…coincidence?
I believe the correction bottomed yesterday, and we are seeing a new uptrend?
You two are a couple of sunshine pumpers! Don't you know it was cold this winter, and Coach has a new designer, and Kate Spade is taking market share? Don't you know the stock is really expensive too? I know this to be true because I read it on the internet, and saw it on TV with my own two eyes.
More and more often, European consumers are trading in their European luxury brands for that of American fashion designer Michael Kors Holdings Ltd. (NYSE: KORS ) . We can already see this trend take flight as Michael Kors' sales in Europe climbed higher in its fourth quarter of fiscal 2013. Not only did Michael Kors threaten the sales of handbag designer Coach (NYSE: COH ) in the United States, it is now challenging French luxury brand LVMH Moet Hennessy Louis Vuitton (NASDAQOTH: LVMUY ) in Europe.
While some Europeans are staying loyal to their European brands, many are beginning to prefer Michael Kors on account of the brand's affordable prices and stylish, high-end fashion sense, which has remained on-target with seasonal trends. Coach and Louis Vuitton need to watch out as Michael Kors attempts to dominate the fashion industry in Europe.
In just over two years since its IPO, Michael Kors has become a darling on Wall Street as its stock continues to climb, and it has risen by more than 500%. Despite its small size, Michael Kors' sales have grown by leaps and bounds over the past three years in comparison with those of competitors Coach and Louis Vuitton. Given that Michael Kors is essentially a new, upstart fashion brand in comparison with industry veterans Coach and Louis Vuitton, Michael Kors has done a phenomenal job at gaining a fan base and designing items that are in-sync with consumers' tastes. It has also been successful at marketing its accessories, footwear, and apparel along with expanding both its domestic and international operations extremely quickly. Michael Kors' sales have increased three to five times faster than those of Coach and Louis Vuitton in recent years.
KORS guided fiscal 2014 to $3.07-$3.09 in February. Through three quarters they have earned $2.43. Therefore, they guided to $.64-$.66 for this quarter. The beat this quarter is not what will move the stock. KORS will guide fiscal 2015 to $4 and that should move the stock higher.
KORS has already earned $3.20 for fiscal 2014, and that will be announced in May. The price of $89 gives KORS a multiple of 27, and it is growing at a 60% clip. The stock is trading like a value stock like MCD, KO, and DIS. Those old firms are growing between 7% (KO & MCD) and 14% (DIS) and are given multiples between 18 (MCD) and 22 (DIS/KO).
KORS will earn $5 in fiscal 2015, and grow at a 50% clip. A multiple of 27 makes this stock super cheap. $5 of earnings with a 30 multiple makes the price around $150...