The Traderszone Network

Published in TZ Latest News 10 November, 2016 by The TZ Newswire Staff

Michael Kors Sees Sales Weakness Continuing All Year Long

It’s been a tough couple of years for Michael Kors Holdings (NYSE: KORS), as the luxury retailer has faced extremely tough conditions in the industry. Yet recently, the stock has started to rebound, and coming into Thursday’s fiscal second-quarter financial report, Kors investors were cautiously optimistic that they might see signs of continued improvement even if results didn’t bounce back immediately. Kors’ report wasn’t entirely bad, but it did point to the idea that weakness in the top line could persist throughout the remainder of the current fiscal year.

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