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A Call For Kors to Go Even Higher
Michael Kors Holdings Ltd. (NYSE: KORS) has been on a tear since coming public. The luxury apparel and accessories designer and retailer continually leads the same-store sales results from retail chains each month with massive gains, and its stock has been an amazing performer as it is now up more than 150% from its $20 IPO price from last December to around $52.00 now.
We also are seeing one call this morning with the expectation that shares will go even higher as its chart is on an uptrend.
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Retail roundup: Amazon launches flash sale site, Microsoft store coming to Century City, retail sales, Volcom acquisition
-- Amazon.com is launching a membership-only flash sale site, MyHabit, joining a host of similar sites such as Gilt and Rue La La. Private sale sites offer large discounts on designer apparel and accessories for a limited time. Amaz... Read Post
A Quick Look At Today's Big Retail Same-Store Sales Reports (COST, LTD, BJ, M, TGT, WAG)
U.S. retail sales have been the silver lining in a slew of weak economic data pushed by the Easter holiday. The Thomson Reuters chain store sales index expects an 8.2% increase in monthly sales from the 25 retailers it tracks. This ... Read Post
March Chain Store Sales ROCKET HIGHER, Even The Gap Surges 8% (GPS, LTD, M, TGT, COST, TJX, SSI)
Retailers are slowly rolling out March same-store sales and the results are closely following last month's results: sales are heading higher nearly across the board. Early reporters have logged impressive gains. “We delivered solid ... Read Post