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Fly News Breaks for July 21, 2016
KORS, KATE, COH
Jul 21, 2016 | 09:10 EDT
Cowen said the handbag market remains sluggish, but customers are showing an appetite for innovative, trend-right designs. The firm said despite category softness, Coach (COH) remains better positioned versus Michael Kors (KORS) as their survey results indicate inventories and markdowns appear well under control. Their favorite name in the group remains Kate Spade (KATE), as they remain well positioned given pricing strategy, controlled distribution, and e-commerce.
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