February 20, 2014 at 1:05 PM, updated February 20, 2014 at 1:06 PM
HUNTSVILLE, Alabama – Luxury lifestyle retailer Michael Kors opened a new boutique this morning next to Sephora by the pedestrian bridge at Bridge Street Town Centre in Huntsville.
The 1,818-square-foot store carries Michael Kors clothing, unisex watches, handbags, jewelry, eyewear, shoes and fragrances. Michael Kors is the first new retailer to open this year at Bridge Street, which is also getting a 1,500-square-foot PANDORA jewelry boutique this spring.
The new upgraded Huntsville location features metal and mirrored surfaces, zebra-print furniture and vintage photos to evoke a "casual-chic" ambiance, a release said. The store is open from 10 a.m. to 8 p.m. Monday through Thursday, 10 a.m. to 9 p.m. Friday and Saturday and noon to 6 p.m. Sunday.
Michael Kors also operates a retail store at Riverchase Galleria in Hoover
Retail Marketing Coordinator, Europe
Michael Kors - London, United Kingdom
Posted 27 days ago
With agreement from Europe Retail Marketing Manager, to manage yearly / seasonal retail marketing budget & activities to drive traffic, sales and awareness.
Build regional and local marketing plans in collaboration with the European and Global teams.
Oversee retail marketing campaigns from end-to-end:
Propose and identify new opportunities to maximize sales, traffic and customer capture in territories. Vet requests from stores for events, promotional and charitable programs that drive sales, database growth and brand awareness, before getting approval from Europe Retail Marketing Manager.
Drive excellence in execution and internal / external partnerships.
Mall Strategy (Full Price): Develop relationships with mall developers, corporate outlet center contacts and all local mall marketing teams to take advantage of center-wide marketing initiatives in Europe.
Set-up processes to ensure consistent and timely communications with partners – District Managers, Store Managers, Retail teams and Brand teams.
Offline Mall advertising: Negotiate, schedule and execute duratrans and in-mall advertising installations in partnership with the Brand team.
New Store Opening Marketing
Project Management of the New Store Opening Marketing plans working with Brand, District Managers, IT and Operations teams to keep marketing activities in track with store opening dates.
Nowboarding Training for key doors.
Ensure all marketing elements in relation to the new store opening are executed in a timely fashion, and communicated effectively to the store & Operations teams.
Michael Kors is opening at least three new stores this month in the USA.
1. Las Vegas, Nevada-Summerlin: This is a prime location for the luxury retailer, and will attract many tourist shoppers in the Las Vegas area.
2. Charleston, So. Carolina-King Street: This is the first Michael Kors retail store in the state of South Carolina. The outlet stores have been in the state for years.
3. Albany, NY: Will open next week near Schenectady, and will be the 8th Michael Kors store in the state of New York.
This management team is opening stores at a blistering pace...
Agree it's gaining strength. I'm in until I see some other player who could steal market share from Kors. Shorts mean nothing to me.
I believe the KORS brand is still gaining strength, and taking market share in a big way. I watch this stuff pretty closely and have a sister who works in retail. When the story starts to change; then it is time to move on. But, there is no telling how long/strong this phenomenon will be.
I remember in October of 2012 when Hurricane Sandy ripped up New York and New Jersey, and there were reports the "retailers will not survive." Do I need to tell you what KORS posted that quarter? This quarter/year will be no different. I may not know much about women. But, one thing I do know; They will always find a way to shop! Right now, they are shopping at Michael Kors.
It snows during the winter time? The next thing you are going to post is: The sun rises in the east?
I knew these guys would start making noise....
While I am not a fan of any share repurchase program, it does make it easier for firms to make their EPS numbers. This firm should do well in the future based on their growth from insulin drugs and not a share repurchase program
KORS is a growth stock, and cannot be compared to RL, ANF, M, or JWN. Even though, they belong in the retail-apparel space. Ralph Lauren is the one company you mention that would best compare to KORS as they do compete for similar customers. Ralph Lauren is an established firm/brand that is growing at a 10% YOY clip with a multiple of 20. KORS is growing at a 60% clip with a multiple of 32. KORS is cheap in comparison. RL does pay a small dividend, and is a decent value stock.
Growth is growth no matter if you are selling electric cars, cell phones, sneakers, or drugs. KORS growth rate will eventually slow, and the firm thinks it can grow at a 25% rate for "quite some time" according to their CEO.
In the mean time, KORS has momentum, and a powerful brand. The stock market is in a pretty good place right now, and KORS is a leading stock. KORS has delivered consistently since its IPO and continues to provide beat and raise quarters. Nobody knows where the stock price will be one month or one year from now. But, as long as KORS continues to deliver beat and raise quarters, and grow at 25% the stock price will reflect the earnings growth and rate.
Good luck to all...
KORS has roughly 40 stores in California alone. It is difficult to know how busy each store is these days. However, if they can do 20-30% same store sales, and with all the new stores, this stock will see higher prices.
It does seem that the strength of the brand is still gaining momentum. This weekend people were posting photos of Michael Kors at his fashion show, and Celine Dion shopping at Michael Kors in Beverly Hills. The firm is doing a great job on social media.
This year the big story will be how fast Europe grows.
One more thing.... These squeezes can take a long time to unwind. Check NFLX and TSLA.
If the short interest has increased to 15-16 million shares then I think we are in business. If the short interest is back down to 4-5 million; then it was just the S&P 500 index hedge.
KORS has never seen short interest at these levels. When the stock was in the $50's many longs thought it should be in the $70's. When it was in the $70's many longs thought it should be in the $90's. Well, it is in the $90's and ready to break par. The driving force behind a rising stock is obviously their earnings strength and growth rate. But, the shorts being forced to cover really helps accurate the price of the stock. The brand is a powerhouse, and they will continue to grow earnings for quite some time.
Of course short covering is a short term view. But, it has been the short sellers covering that have made this stock so strong thus far in 2014!
The story has not changed here. In fact, I would say it is still gaining strength.
Good luck to all...
I stand by the call of $3.15-$3.20 in 2014 and $4.75-$5 .25 in 2015! What will KORS be worth growing at 50% and earning $5?
I had not been to the mall since Christmas, and this weekend I visited Union Square, Stanford Shopping Center, and Valley Fair Malls. I saw very busy Michael Kors stores at all three location. It looks like business as usual for them. I did notice something different at Nordstrom's and Macy's.
Those two stores had elaborate footwear in prime locations in the stores from Michael Kors. I spoke with a few clerks, and they said "Kors footwear is selling extremely well." Duh, just look at the size and location we knew it was selling well. In the watch department the sales clerk told me KORS was the top selling watch, and even by a wider margin than when we last visited. The sales people at Bloomingdales-Stanford told me their apparel was selling well.
In their retail stores, the sales people know me pretty well, and they said the fragrance line is a really hot seller. People come into the store asking for Sexy, Sporty, Glam all the time. I saw a very crowded store at Valley Fair,mand they were selling a ton of handbags.
We will hear a lot of garbage from the media about the cold winter, and nobody is shopping. But, I have friends on Twitter who post photos of very busy Michael Kors stores in New York, Miami, Las Vegas, Los Angeles. Their business is very good. They added 98 stores from Q3 2013 to Q3 2014! The management team is really executing.
The number one criteria for making the stock rise is the short interest. I am curious to know what the short interest level is after the February EPS report? It tripled after the inclusion into the S&P 500! I believe that was a function of institutions creating a hedge because they were forced to by KORS as it was added to the index. I would bet they just covered, and stayed long. Therefore, we should see a reduction in share sold short. If not, and there is 12 million or more shares sold short, this stock could really skyrocket when the squeeze makes the rats cover.
I am staying long on this equity...
KORS is IBD #15 stock this week, and is 16% extended from a flat base. Will it become 20% extended this week? Valentine's sales appear to be strong if the Instagram and Twitter time lines are any indication...
Some poster asked about AWAY recently, and it is a leading stock that has formed a base, and looks ready to break out. AWAY reports earnings this week, and that could be a catalyst?
IBM: Valentine’s Day online shopping up 8%
FEBRUARY 14, 2014 | BY DAN BERTHIAUME
White Plains, N.Y. — Overall online shopping rose 8% during the week before Valentine's Day compared to the same period in 2013. Growth was particularly strong in the categories of gifts (up 20%), apparel (up 17%) and health and beauty (up 15%), and department stores (34%) compared to the previous year.
Key drivers of this year's Valentine’s Day shopping rush (Feb. 7 - Feb. 13) include mobile traffic accounting for 36.8% of all online traffic, up 39.6% compared to the same period in 2013. Mobile sales also remained strong at 17.2% of all online sales, up 42.9% from 2013. Smartphones drove 23.3% of all online traffic compared to tablets at 13.3%, making it the browsing device of choice.
When it comes to making the sale, tablets drove 11.4% of all online sales, twice that of smartphones, which accounted for 5.6%. Tablet users also averaged $135.26 per order, compared to smartphone users, who averaged $114.00 per order.
As a percentage of total online sales, iOS was more than four times higher than Android, driving 13.6% compared to 3.4% for Android. On average, iOS users spent $132.28 per order, compared to Android users who spent $110.54 per order. iOS also led as a component of overall online traffic with 24.6%, nearly twice that of Android users at 11.9%.
And looking at social influence, shoppers referred from Facebook averaged $125.24 per order, compared to Pinterest referrals, which drove $147.74 per order. However, Facebook referrals converted sales at 3.5 times the rate of Pinterest referrals, perhaps indicating stronger confidence in network recommendations.
KORS was up 4.5% this week with 14.5 million shares exchanged. The stock closed at $98.46! The lighter volume can be attributed to the holiday weekend, and is a paltry sum compared to the 48 million shares traded last week. KORS was up 18% last week with massive volume. The stock is up 22.5% in the past two weeks.
KORS received a price target of $106 from Cantor Fitzgerald as they initiated coverage on KORS this week!
I do not trade! I am not smart enought to outsmart the market. That is a fool's errand. I buy quality stocks that are growing, and undervalued. KORS meets all criteria. I purchased KORS at $52, $55, $57, $60, $66 & $75! I bought 200 shares each time as to "scale into" the investment. I will not sell until the story changes!
I bought 2 lots of NFLX average price of $161 and sold 200 shares at $330 as it was becoming too large of a percentage of the portfolio. Recently, I bought 200 shares of NVO at $36 and plan to add to that investment. NVO is not a growth stock like KORS NFLX...but it is a long term investment on global diabetes.
You have been on this board for a long time, and should have made some decent profits with KORS if you did not buy and sell all the time...