Why Michael Kors Holdings Ltd Stock Slipped Today [The Motley Fool]
MICHAEL KORS HOLDINGS (KORS)
Last michael kors holdings earnings: 11/7 06:30 am
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Source: The Motley Fool
Shares of the handbag maker continued to slide following a sell-off of rival Tapestry earlier in the week. Jeremy Bowman ( TMFHobo ) May 3, 2018 at 5:42PM What happened Shares of Michael Kors Holdings Ltd ( NYSE:KORS ) were falling for the third straight session on what appeared to be a sustained reaction to a disappointing earnings report from rival Tapestry ( NYSE:TPR ) after the parent of Coach and Kate Spade lost 12% on Tuesday. Michael Kors stock fell 3% that day, but closed down another 6.2% today as investors seemed to worry that Kors could suffer from similar challenges. Image source: Michael Kors. So what Tapestry, which also owns the Stuart Weitzman brand, is seen as Michael Kors' closest competitor. The two compete directly in handbags, where they are two of the biggest players, have their own shoe brands, and are subj
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