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HOLLISTER CO. STORES
Hollister CO. - Graduate Manager in Training, George Street
Permanent · Edinburgh
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AESOP
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BOOHOO GROUP
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Permanent · BURNLEY
BOOHOO GROUP
Warehouse Operative 06.00 - 14.00
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Warehouse Operative - t2p Only
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BOOHOO GROUP
Warehouse Operative 18.00 - 02.00
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Delivery Coordinator - Bristol Imperial Park
Permanent · BRISTOL
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Delivery Coordinator - Newton Abbot
Permanent · KINGSTEIGNTON
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Sales Coordinator - Torquay
Permanent · TORQUAY
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Delivery Coordinator - Torquay
Permanent · TORQUAY
NEW LOOK
Property Compliance & Operations Coordinator
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HOUSE OF FRASER
Loss Prevention Supervisor - House of Fraser
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FRASERS
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By
Reuters API
Published
Jun 29, 2021
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Michael Kors owner Capri lifts forecast on surging luxury demand after lockdowns

By
Reuters API
Published
Jun 29, 2021

Michael Kors parent Capri Holdings Ltd raised its fiscal 2022 forecast for profit and revenue on Tuesday, betting on a surge in demand for luxury products as consumers emerging out of lockdowns look to upgrade their wardrobes.


Jimmy Choo Summer 2021 campaign



Capri, which also owns luxury brands Versace and Jimmy Choo, is benefiting from a bump in online sales as consumers with record savings are splurging on handbags and shoes.

"As the world reopens, we are pleased to be seeing better than expected performance from all three of our iconic fashion luxury houses," Chief Executive Officer John Idol said.

Bigger rivals LVMH, Hermes and Gucci-owner Kering have also benefited, with traditionally reluctant luxury product sellers investing heavily to build their online presence.

Capri expects annual revenue of about $5.15 billion, compared to previous forecast of about $5.10 billion and adjusted earnings to be between $3.80 and $3.90 per share, from $3.70 to $3.80 earlier.

Analysts are projecting revenue of $5.15 billion for the year started April and earnings of $3.87 per share, according to IBES data from Refinitiv.
 

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