Capri Holdings Has Opened Over 50% of Its Global Stores, but Only 15% in the Americas
Capri Holdings (NYSE: CPRI), the owner of the famous Michael Kors, Versace, and Jimmy Choo brands, said in a press release today that it has passed the 50% mark on reopening its stores worldwide. The company has seen a partial stock market rebound from the COVID-19 slump, but still remains well below pre-pandemic share value.
All of Capri's 288 stores in China have opened its doors to the public, according to the press release. In other asian countries, 70% of outlets are open, making this the area where Capri's sales are currently most active. The segment including Europe, the Middle East, and Africa is in second place, with 60% of locations reopened and the other 40% slated to resume business by July.
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Source Fool.com
