The Latest Selloff Makes Michael Kors A Bargain

Summary

The Gap’s problems are its own. We don’t expect Michael Kors to suffer in the same way.

We felt the stock was already cheap, and this makes it even more of a bargain.

We have a price target of $57, representing +10% upside.

We believe the selloff of Michael Kors’ (NYSE:KORS) stock following the disappointing data released by The Gap (NYSE:GPS) makes it a bargain right now. We feel a major reason for The Gap’s poor performance is that it is fighting (and failing) to remain relevant in the current retail landscape.

While it is fair to say that US retail sales have been something of a disappointment this year so far, we do feel the selloff in Michael Kors’ stock was completely overdone and have decided to take a long position in it.

Retail sales got off to a reasonable start in January, but unfortunately, last month the data was revised from a 0.2% increase to a 0.4% decrease year over year. February wasn’t too much better with a 0.1% decline year over year. It is definitely a testing time for US retailers, but not by any means a disaster waiting to happen for Michael Kors.

Its share price has taken a dive in the last 12 months, losing almost 22% of its value. This is a vast improvement from just under three months ago, though, when it was trading down as low as 46% over a twelve-month period. While the ultra-bargains of January have disappeared now, the recent selloff does represent a potential opening with decent upside.

Evaluation of Michael Kors Jet Set East West Women’s Tote Bag Handbag Purse

Michael Kors Jet Set East West Women’s Tote Bag Handbag Purse Good Review

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I bought this for myself as a Christmas gift. SO very happy with it. The bag, in my opinion is quite large. I could fit my big iPad in it along with a bottle of water, snacks, makeup bag, wallet and my smart phone. Its VERY roomy. I love all the pockets. There are 2 outside pockets and I love this cause I have easy access to my car keys. There are 4 pockets inside along with a zippered pocket. This bag says classy but organized. I don’t feel its a purse to be worn if you’re being sloppy, i.e. in sweats. But it can be dressed down with jeans and a nice top or dressed up for the working lady. I am very satisfied with this purse.

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I’m in love with my bag,! So beautiful and chic. I carry it at all times. I get lots of compliments from my friends, male and female. The color is so bright and sophisticated! Love it!

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Perfect professional purse for work, interviews, etc. As well as chic enough for everyday use. Big enough to fit my ipad, kindle, wallet, and small makeup bag That’s all a girl needs that’s on the go!

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She totally loves it.She loves the size and many compartments.
Uses it frequently.MK products are good, the leather is indeed great.

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Got this as a present for my girlfriend on her birthday and she absolutely loves it. It is the perfect size, not too big and not too small. Has all the compartments you’d need if you are neat and you can dress it up or slightly down in your woredrobe. I also like the 4 knobs on the bottom of the purse so the leather stays off the ground, very smart design.

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Absolutely love this bag! I’ve had it for over two years and use it daily. I choose to invest in an expensive bag because all those cheap knock off bags peel on the straps. Well worth the money and I am now a Michael lover! I also love the material!

Luxury brand cheap fake michael kors strikes back at Quebec counterfeiters

Luxury goods maker cheap replica michael kors has taken the unusually bold step of directing street raids against an alleged counterfeit ring in the Montreal area.

Rather than rely on police action, New York-based Kors decided to go it alone after discovering a large number of fake replica michael kors handbags, wallets and other luxury items peddled at various locations in and around Montreal.

¡°As part of its global program to vigorously enforce its trademark rights and prevent counterfeiting of its brands, discount replica michael kors has commenced actions against a major network of counterfeit suppliers and vendors, and raided multiple locations throughout the Greater Montreal Area,¡± the company confirmed in an e-mail message.

News reports say discount fake michael kors hired private investigation company Sirco to stage raids at 10 locations, including flea markets in Montreal and St-J¨¦r?me, north of the city.

fake michael kors declined to elaborate on the particulars of the clampdown but the Journal de Montr¨¦al and CBC published reports Wednesday containing details of the raids.

Sirco president Claude Sarrazin said in an interview Thursday he has not been ¡°mandated¡± to talk to other news outlets besides those that were authorized.

Any actions taken by cheap fake michael kors fall under civil, and not criminal, jurisprudence.

The Montreal lawyer representing Kors, Mathieu Pich¨¦-Messier, was not immediately available to comment on the raids.

Taking civil action against counterfeiters ¡°requires a great deal of investigation and legal work to accomplish,¡± Lorne Lipkus, intellectual property litigator with Toronto-based Kestenberg Siegal Lipkus LLP, said in an e-mail message.

A key part of such actions is to ensure that the evidence is obtained and secured, said Mr. Lipkus, who has acted for dozens of companies in their attempts to attack players in the billion-dollar counterfeit-merchandise business.

Last year, Vancouver-based Lululemon Athletica Inc. filed a lawsuit in U.S. court against alleged counterfeiters who create websites to sell fake Lululemon yogawear.

Canada Goose Inc. is another Canadian luxury-brand company that is the victim of extensive counterfeiting.

Michael Kors Announces New European Distribution Center

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With Memorial Day weekend marking the unofficial start of summer, fashion giant cheap fake michael kors announces a new European Distribution Center to launch its 10-year growth plan. From accessible and wearable fashions to prices that represent the discerning fashion lover, fake michael kors has set itself as a leader in the fashion industry since the 1980s.

The state-of-the-art distribution center is set to be built in Trade Port North in Venlo, Netherlands. Its location will enable the cheap replica michael kors brand to meet retail, wholesale, and e-commerce needs in the European and Middle Eastern fashion markets.

Gearing up to begin construction in the early summer, the brand continues to promote its latest summer designs. Whether its the breeziest dresses or latest handbags and shoes, discount replica michael kors is on top of the seasonal fashion trends.

The eco-friendly distribution center is designed to be a 1,000,000-square-foot location. Dutch firm DENC is expected to begin construction in June in Venlo.

¡°The scale and sophistication of the facility reflect our commitment to substantial growth across all channels of distribution in both Europe and the Middle East,¡± says John D. Idol, chairman and chief executive officer of Kors.

The center was designed to be eco-friendly, making it even more fashion-forward, and will reportedly feature an LED interior lighting and a solar-panel roof.

Kors saw shares drop by 35 percent earlier this year. The outreach to European and Middle Eastern markets is expected to yield major growth for the fashion label.

Inquisitr recently reported on the 400 retail stores and 3,700 department and specialty stores worldwide that have decreased the ¡°luxury¡± label of replica michael kors. The brand maintains its position that it makes high fashion affordable as a New York fashion giant.

Michael Kors¡¯ management also reported that their year-to-year decrease in sales and share values is more relative to a general decline in the fashion industry. The company stands by its product and fashion vision enough to expand into new markets in the upcoming year.

The fashion label also had a successful Fall 2015 Runway Show. There doesn¡¯t seem to be any signs that Michael Kors is slowing down or reacting to decreasing shares. If anything, it seems to have motivated the fashion company to explore other markets and creative possibilities in its line.

cheap fake michael kors Holdings Ltd (KORS) Stock Price Plunges 24% As Sales Of Purses And Watches Cool

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discount replica michael kors Holdings Ltd. (NYSE:KORS) shares plunged 24 percent Wednesday after the London-based handbag maker¡¯s sales cooled last quarter. Designer Michael Kors thanks the audience after presenting his Fall/Winter 2015 collection at New York Fashion Week in this file photo from Feb. 18, 2015. Reuters/Andrew Kelly

Shares of replica michael kors Holdings Ltd. (NYSE:KORS) plunged 24 percent Wednesday after the London-based handbag maker¡¯s latest earnings release showed that sales cooled during the January-March quarter as tourists eased spending due to a stronger U.S. dollar. The slowdown also reflected a sharp sales decline for the company¡¯s watches across the U.S.

fake michael kors stock price tumbled 23.9 percent to a 52-week low of $46.10 in afternoon trading.

The company experienced negative effects from shipping delays in its footwear, women¡¯s wear and small leather goods products associated with the recent West Coast port dispute, John Idol, chief executive officer of Michael Kors, said during a conference call with shareholders Wednesday.

Meanwhile, demand for the brand¡¯s handbags also slowed in North America. ¡°The category is growing. But it’s definitely growing more slowly than it grew in the past,¡± Idol said.

cheap replica michael kors, which includes brand accessories, footwear, watches, jewelry and fragrance products, saw its same-store sales in the U.S. and Europe drop 6.7 percent and 5.6 percent, respectively.

Joseph Parsons, chief financial officer at discount fake michael kors, attributed several factors to the company¡¯s same-store sales not meeting forecasts, including weak mall traffic trends in North America and weaker tourism traffic globally.

Although the company posted a nearly 18 percent rise in sales from the previous quarter, the company¡¯s sales growth was the slowest pace since it went public in December 2011. Michael Kors had previously seen sales growth between 29.9 percent – 74.4 percent in the previous 13 quarters ahead of Wednesday¡¯s report.

¡°We saw a decline in sales in the watch category, particularly in North America following many years of sequential growth due to what we believe is a category shift to our jewelry collection,¡± Parsons told analysts during the earnings call.

In the quarter ended March 28, Michael Kors reported quarterly net income of $182.64 million, or 90 cents, as revenue rose 17.8 percent to $1.04 billion, compared with a profit of $161.04 million, or 78 cents, on sales of $917.45 million during the same period a year ago.

Wall Street had expected the retailer to report earnings of 91 cents per share on $1.09 billion in revenue, according to analysts polled by Thomson Reuters.

The company also cut its outlook and now expects annual earnings of $4.40 per share to $4.50 per share, and revenue of $4.7 billion to $4.8 billion this year.

Shares of the company have lost just over 50 percent of its value in the last 12 months. Tuna Amobi, analyst at S&P Capital IQ, cut his 12-month price target on the company’s stock from $85 to $60.

Kering Says Alibaba cheap fake michael kors Is Counterfeiter¡¯s Best Friend

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Kering, the French luxury conglomerate that owns brands such as cheap replica michael kors and Ulysse Nardin, has filed suit against Chinese e-commerce giant Alibaba, claiming it knowingly encourages and profits from the sale of counterfeits over its platform, in particular: replica michael kors watches.

The suit, filed May 15 in Southern District of New York federal court, charges that the China¡¯s largest e-tailer¡ªwhich, like Etsy and eBay, stocks very little product itself but hosts listings from third-party sellers¡ªopenly lets hundreds of counterfeiters peddle illegal copycats.

This is the second suit Kering has filed against Alibaba. On April 14, 2014, it filed a similar suit, but it was dropped after the two parties agreed to work together.

¡°That has not been the case so far,¡± says a Kering spokesperson, explaining why hostilities have been resumed.

An Alibaba spokesperson told other news sources that the complaint was without merit and added: ¡°We continue to work in partnership with numerous brands to help them protect their intellectual property, and we have a strong track record of doing so. Unfortunately, Kering Group has chosen the path of wasteful litigation instead of the path of constructive cooperation.¡±

The suit charges Alibaba with trademark infringement, trademark dilution, and even violations of the RICO Act. It seeks unspecified damages.

Among the charges:

– One merchant that has ¡°gold supplier¡± and ¡°assessed supplier¡± status openly sells fake michael kors handbags, and another openly sells discount fake michael kors watches.

– When consumers type in the word replica in the Alibaba search bar, the word watches appears.

– The company sells the search term replica to sellers of counterfeits, as well as soundalike terms like guchi that steer people to fakes.

– As of June 2014, there were at least 697 sellers of ¡°cheap fake michael kors¡± products on Alibaba site Taobao that boastfully sold ersatz watches, as well as 707 phony sellers of Kering brand Bottega Veneta.

It further charges that even when Alibaba has been informed these listings are counterfeits, it often takes five days to remove a product.

When JCK hunted for replica watches this morning, nothing popped up. However the term replica watches luxury branded provided a bounty of unabashed fake timepieces, including this one, this one, and this one. While most are cagey about the brands they are replicating, one listing calls its watches ¡°rolexable.¡± (UPDATE: Those listings have been removed.)

The case will likely be decided based on ruling in the long-running Tiffany vs. eBay case, which held the burden of selling counterfeit goods is mostly on the brand, provided the seller took measures to prevent listing by fakes.

In January, Alibaba acquired a stake in Israeli company Visualead.

Shortly after the suit was filed, the duo announced a venture that might stop counterfeiting: A new device that will allow manufacturers to put QR-like code on every product. If a counterfeiter tries to fake the code, it will not only be detected, but give investigators clues to their location.

The codes are currently being used on drinks and agriculture, it said.