China - According to the news from Michael Kors Australia, the famous American fashionable brands Michael Kors began to accelerate their business expansion in China. They planned to boost the number of their official stores in China for about 15 at the end of this year. And, the number of these stores will be increased to 100 within 3 to 5 years' development.
The designer Michael Kors also announced with high profile attitude that and their largest flagship store in China will be opened and located in the center of Shanghai Jing An Kerry Centre. The precision time for the opening of this shop should be the spring of next year. His company also plans to open new series of flagship stores in Beijing, Chengdu and other major cities of China.
¡°China is the focus of our overall growth strategy.¡± said by John Idol who is the CEO of the company in the press conference in Shanghai. This CEO of Michael Kors also expressed his opinion that their company should be considered as the fastest one which open flagship store worldwide. They hope that their former successful experience could be able to let them replicate this success in China.
KORS snapped a 5 week losing streak. KORS is forming a base with a buy point of $101.14! The obvious catalyst here is their next EPS report, and conference call where they are certain to raise guidance for fiscal 2015.
TSLA retraced the high of $265 down to $190! The stock is making a move to a new high this
summer. It is time to buy under $200. TSLA model S is in such demand they delayed the SUV. The model S is selling well in Europe and China. Eventually, TSLA will be an energy company who happens to make automobiles.
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?