Jimmy Choo Helps Michael Kors Pick Up Speed
The retail industry is gearing up for the all-important holiday shopping season, and luxury retailer Michael Kors Holdings (NYSE: KORS) wants to take full advantage of the opportunity to build positive momentum for its business. Now that Kors has acquired Jimmy Choo, the stock has finally generated some excitement, reaching its best levels of the year and signaling hopes for better times ahead.
Coming into Monday's fiscal second-quarter financial report, Kors investors had actually been prepared to deal with further declines in the retailer's top and bottom lines. Yet Kors was able to do a lot better than that, and the company laid out a game plan that it hopes to use to move forward even more aggressively with its turnaround efforts. Let's look more closely at how Michael Kors did and what the retailer sees in its future.
Image source: Michael Kors.
Source: Fool.com
