Michael Kors zip top tote
Uncategorized / November 18, 2017

Vera Bradley (VRA) is a designer, producer, and retailer of accessories for women.Michael Kors zip top tote Its products include handbags, accessories and travel and leisure items. The company’s unique fashion-statement purses appeal to younger demographics in a price range of $28 to $128. This design niche seemed very promising with the company’s IPO in October 2010 at $23. But after a quick peak above $50 in the first half of 2011, it’s been all down hill.In its June 5 earnings report, the handbag maker cut forecasts and said its CEO was leaving as inventories were bulging, soaring 41% from a year earlier. The stock dropped over 10% the next day, bouncing off of $19.50 as investors scooped up shares and prevented a new 52-week low, which was exactly one year ago today at $19.26. Michael Kors zip top tote “With wholesale revenues continuing to weaken and same-store sales flattening out with just 85 stores, top-line growth continues to come into question,” said an analyst from Sterne Agee.The CEO switch did not impress analysts either with CEO Michael Ray’s pending departure coming just five months after CFO Jeff Blade left. But it was the guidance which dampened sentiment the most….