Why Capri Holdings Is a Buy This Season

It's the most wonderful time of the year for retailers, who typically do their best business in the holiday season. Capri Holdings (NYSE: CPRI) is looking forward to the shopping blitz like many other companies.

If you answered a luxury gift item, you're not alone.

A Deloitte study found that higher-income customers account for 60% of holiday sales. No surprises there, but definitely opportunities for luxury brands, as the shoppers are most likely to spend on clothing and accessories. While they're also more likely to spend that money online, 36% is still being spent in store.

Source Fool.com