Bulletin
Investor Alert

Market Pulse Archives

May 28, 2020, 9:16 a.m. EDT

Michael Kors, Versace stores parent Capri to have most stores in Americas reopened by early July

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Capri Holdings Ltd. (CPRI)
  • X
    S&P 500 Index (SPX)

or Cancel Already have a watchlist? Log In

By Tomi Kilgore

Capri Holdings Ltd. /zigman2/quotes/206301876/composite CPRI -1.27% , which store brands include Michael Kors, Versace and Jimmy Choo, said Thursday that it expects to have most of its 455 retail stores in the Americas, as well as in the 318 stores in the Europe, Middle East and Africa region, to be open by early July. After closing all the stores in mid-March as a result of the COVID-19 pandemic, less than 15% of the stores are currently open. In Greater China, the company said all of its 288 stores are open, with sales in April and May about flat to a year ago at Versace and Jimmy Choo stores, and at about 80% of year-ago levels at Michael Kors stores. The company said in its reopened stores, all store employees will be provided with face masks and gloves, store capacity will be limited and use of credit cards and contactless payments will be encouraged. The stock, which rose 3.6% in premarket trading, has tumbled 30.9% over the past three months through Wednesday, while the S&P 500 /zigman2/quotes/210599714/realtime SPX +1.60% has gained 2.8%.

/zigman2/quotes/206301876/composite
US : U.S.: NYSE
$ 19.46
-0.25 -1.27%
Volume: 2.11M
Sept. 25, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$2.93 billion
Rev. per Employee
$341,762
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
3,298.46
+51.87 +1.60%
Volume: 0.00
Sept. 25, 2020 5:06p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.