Once again, Kors has proven that it's the new leader when it comes to luxury handbags and other high-end fashion accessories.
The Hong Kong-based tote tastemaker delivered another blowout quarter this morning. Revenue soared 55% to $640.Shop discounted mk handbags on hotmkbags.9 million, fueled by better than 50% growth at both the retail and wholesale levels. Net income shot 82% higher to $125 million -- or $0.61 a share. Analysts were banking on a profit of just $0.49 a share on $570.5 million in revenue.
Kors beating the pros isn't a surprise.Shop hotmkbags for the latest fashion trends in Michael Kors Shoulder Bags for ladies. It has come through with besting quarterly expectations by double-digit percentage margins consistently since going public two years ago.
It also isn't a surprise to see Kors doing so well while Coach is in a funk.
Coach's report last week was a disappointment. Net sales climbed by a mere 6% to $1.22 billion, and adjusted net income inched just 1% higher. That doesn't look so hot when stacked against Kors' growth at 55% and 82%, respectively.
The disparity can also be illustrated by the ridiculous difference in retail comps. North American comps soared 25% for Kors during the period, providing a stark contrast to the 1.7% slide at Coach during the same three months.
Worldwide retail comps at Kors have jumped 41%, 37%, and now 27% in the last three quarters. Coach, on the other hand, has posted negative comps in two of the past three periods.
Income investors will flock to Coach.Shop the latest from Michael Kors Classic Handbags. Totally free shipping and returns. It is the one that increased its quarterly dividend three months ago. Kors is Nil City on the yield line. However,Buy Michael Kors iPhone Cases Michael Kors handbags with big discount and free shipping! Kors is rapidly becoming the undeniable choice for growth investors.
Coach is struggling in this economic recovery, and clearly some of that is coming at Kors' expense. Handbag buyers flock to the hot brand. Investors would be smart to follow suit. If you're not following the money, you're doing it wrong.
Retailers on parade
The retail space is in the midst of the biggest paradigm shift since mail order took off at the turn of last century. Only those most forward-looking and capable companies will survive, and they'll handsomely reward those investors who understand the landscape. You can read about the 3 Companies Ready to Rule Retail in The Motley Fool's special report. Uncovering these top picks is free today; just click here to read more.
Rococo Dessous is talking with several department stores about carrying the line, including Harrods and Selfridges in Europe, Bergdorf Goodman in the U.S., and Saks Fifth Avenue, Macy's Bloomingdale's and Harvey Nichols in the Middle East, Hertli said.
Despite a shaky global economy,Shop for Michael Kors Monogram at hotmkbags. Hertli said he has little concern that demand for luxury goods will fluctuate much or that his clients will have to choose between a gold bra and panties or other high-end goods, such as an exclusive bag or watch.
"These clients usually already own a lot of jewelry and handbags," he added. "It's not that they're making a trade-off between this and another piece of jewelry."
Not everyone willing to shell out more than a grand for these golden items is looking to parade her purchase. That's particularly true in the Middle East, Hertli said, while it's the other extreme in Russia.
"It's a key driver for luxury purchases," he said, referring to the desire to show off items. "What we've seen there is women wearing sheer tops and finding ways to show the bras off."
Click on their website www.hotmkbags.com for more information.
