Michael Kors Profit Leaps, With Growth in Europe

BY DANA MATTIOLI AND JOAN E. SOLSMAN

Michael Kors Holdings Ltd. continued to post strong growth in its most recent quarter, even in crisis-weary Europe, where it had trouble getting enough of its luxury apparel and accessories to customers.

The company’s sales at European stores that have been open at least a year rose by 14%, as it gained market share in accessories, footwear and apparel markets there, Chief Executive John Idol said. While that is slower than the 34% growth in Europe in the previous quarter and the 37% increase in North America in the latest period, Mr. Idol indicated the deceleration was due to inventory …

• Under Armour’s Share Price Unjustified Considering Competitive Landscape
• Dillard’s Beats, Share Price Rises – Analyst Blog
• US Futures Advance
• Why Coach Can Bag A $66 Stock Price
• Market Extra: China could be a thorn in Nike’s side