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Stock impact report

UPDATE 2-Capri furloughs all N.America retail staff, sees stores opening around June 1 [Reuters]

Capri Holdings Limited Ordinary Shares (CPRI) 
Last capri holdings limited ordinary shares earnings: 2/5 06:30 am Check Earnings Report
Company Research Source: Reuters
Capri furloughs all North America retail staff, sees stores opening around June 1 (Reuters) - Capri Holdings Ltd ( CPRI.N ) will furlough all its 7,000 retail staff in North America due to the coronavirus outbreak and expects to reopen stores around June 1, the owner of Michael Kors and Versace brands said on Monday. The company’s shares, which have lost more than three-quarters of their value this year, rose nearly 28%, as broader markets rallied on hopes that the pandemic was leveling-off in some of the hardest-hit regions. Shares of rival and Coach owner Tapestry Inc ( TPR.N ) were up about 16%. Many store-based U.S. retailers, including Kohl’s Corp ( KSS.N ), Macy’s Inc ( M.N ) and Gap Inc ( GPS.N ), have indefinitely shut their stores and furloughed tens of thousands of employees, while tapping their credit lines to shore up cash to ride out the hit from the outbreak. Capri, which had a total of about 17,800 employees at the end of fiscal 2019, said the furloughed emplo Show less Read more
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