p&c frankfurt Michael Kors
Uncategorized / November 1, 2017

That compares to the adjusted profit of $4.37 to $4.43 per share and headline earnings of $4.32 to $4.38 Michael Kors projected back in November.Michael Kors is being hit particularly hard by the woes that have convulsed US department store and mall operators. While its retail business, where it sells its goods through its own store, notched up a 9.2 per cent increase in sales during the December quarter, its wholesale business, where it sells to department stores, suffered a 17.8 per cent drop in sales during the period.Total revenue decreased 2.4 per cent to $3.43bn for the quarter, and net income fell to $271.3m. An attorney representing two people who were awarded about $105,000 after suing basketball star Latrell Sprewell said yesterday he will not ask a judge for a new trial despite allegations of jury misconduct.Lawyer David Greenseid said legal costs and other side issues have been settled, effectively bringing the case to a close.His clients, Irma Feliciano and Arnulfo Perlas, were injured last year while they were driving on Interstate 680 in Walnut Creek. Sprewell had been speeding and hit the back of their car after losing control of his Mercedes-Benz.In October, a jury decided that Sprewell…