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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.
$MON shares dip slightly; I wonder this is because of the environmental lawsuit filed by the Washington state against the production of PCBs.
My bet is that $FR will reach $32 in the short term. It’s time it broke the 52-week high and had its fair share of growth.
$WYNN got bruised up by China after its decision to cut withdrawal limit in Macau ATMs. Wynn Resorts shares went down by more than 11%! Well who could have guessed that right?