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Jefferies analyst Randy Connick asks $KORS whether the wholesale reduction strategy is more of a unit base or SKU count reduction kind of philosophy. CEO John Idol says that there is not going to be any change in SKU. The amount of product innovation is exciting. AUR declined in both channels and in retail channel it was driven by size of bag.
$PYPL jumps 6% in after hours on strong results. I am bullish on this stock.
$TSCO stock remained active in the after hours trading and rose more than 2% after the retailer posted better than expected 1Q17 results.
Instagram has reached 700 million monthly active users. Looks like it will hit 1 billion soon. That would make it $FB’s fourth billion-user platform.