Nike (NKE) reported fiscal second-quarter earnings late Thursday that just stepped over estimates as the athletic shoe and apparel powerhouse picked up the pace in Europe, North America and China, with its innovative products selling well even at higher prices.
Earnings rose 4% to 59 cents a share, edging past analysts' forecasts for 58 cents. That ended a four-quarter string of accelerating growth, including 34% in Q1, due to higher-than-normal cost increases.
Nike sales rose 8% to $6.43 billion, just below estimates for $6.44 billion. Revenue climbed 5% excluding currency effects. Footwear sales jumped 10%, or 8% excluding currency effects.
Europe is rebounding in a big way...
All fronts! From high school and college kids to grandmas who want to look hip. Michael KORS is the "must have" gift for Christmas this year. They are selling well in North Americe, and especially well in Europe. Their numbers from Europe will be really strong this quarter.
The media would like you to believe that everything is terrible in the USA. The weather is cold, and nobody is shopping for Christmas gifts this year. Nobody has a job, and people will be removed from unemployment benefits soon. They have a negative bent as that is what sells (gloom and doom).
But, the truth is that this Christmas will see more money exchanged than ever before. The macro data indicates that household wealth is at an all-time high. The gas prices are down, and people are working. The stock market and housing markets are booming. The malls are so packed that you cannot even find a parking space, and people are shopping.
Of course, there will be winners and losers, and that is where the stock picking becomes critical. The Target and Wal-Mart shoppers may be hurting. But, the high-end shoppers are booming. I believe that Macy's (M) Tiffanyy (TIF) and Michael Kors (KORS) will be three big winners this holiday season. Of course, there will be others like TJX and ROST, but M, TIF, and KORS are my three picks regardless of what the media is portraying.
Michael Kors named 2013's top fashion brand on social media
By Staff, marketingmagazine.co.uk, 18 December 2013, 10:30AM
Luxury brand Michael Kors has topped a list of the 10 biggest movers and shakers in fashion on social media this year, according to research by analyst Starcount.
Michael Kors: top social fashion brand in 2013
The company used Instagram to expand its social following by seven million, helping it to hold off competition from Victoria’s Secret and Louis Vuitton, which took second and third places respectively.
This year's most popular fashion brand are high-fashion aces Michael Kors
who have utilized Instagram advertisements to build their social following,
expanding their fan base by nearly 7 million.
No doubt that KORS management speaks about catering to the "jet set" crowd. But, the truth is when you sell to the masses like they are, the "Ratchets" are the folks gobbling up their products.
I don't care who they sell too. I am interested in growth, and KORS continues to take market share, and another stellar quarter looms.
I don't care if they are selling dog food... Growth is growth, and growth like KORS is pretty hard to find in this market.
Glad your fashion sensibilities are superiors to the rest of us peons. Most folks here are interested in making money on the stock, and could give a rip about the product. It seems like quite a few people like Michael KORS products though...
KORS closed at $82.91 today, and the previous closing high was $82.65. It is only a matter of time before KORS makes a new all time high. Does anyone see KORS breaking out of this consolidation to make new highs of $84-$86 soon?
Vince is a small (25 retail stores) boutique store with "high-end" clothes. Their Christmas line is all black and white this year. My wife and I visited their store, and they do have some nice material. However, it is extremely expensive. The only reason people mention Vince is because of their recent IPO.
Fashion is all about trends and you are wise to "ride the wave." The stock market is bidding up growth firms right now. Do you think NFLX, TSLA, AMZN, TWTR, LNKD are priced properly? At least KORS has steady earnings growth.
We will take it... NFLX will trade over $600 next year...
No doubt that Michael Kors had 25% off the Black Friday weekend, and it was jammed pack with long lines. However, Brian Sozzi was stating that they control their discounts, and you will not find them after that Black Friday weekend.
Go to any Nordstrom's or Macy's and ask a sales clerk, "What brand is your top selling watch?"
He is at the top of the list according to Sydney Finkelstein...
Every year around this time Sydney Finkelstein, professor of management and an associate dean at Dartmouth’s Tuck School of Business, produces his list of the Worst CEOs of the year. For the first time this year he's also adding a best list.
CEO, Michael Kors
Another "post-modern leader" on Finkelstein's best list: John Idol, CEO of Michael Kors, who's credited with a hugely successful IPO. Shares have quadrupled in price since the IPO in late 2011.
Idol converted the "struggling company [of a] "fashion genius" into one that's makes moneym with stores opening up all over the world, says Finkelstein. He's a "world class manager" who uses "world class marketing techniques and best management techniques."