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$KORS 1Q16 Q&A: Siegel of Nomura asked an update on margins. John said that the company is anticipating the GM on a YonY basis to be down about a point. Part of that is going to be impacted by foreign currency and part of that is going to be impacted by the addition of some markdowns and some additional allowances in the wholesale channel.
$TWTR mentions Snap as one of its fiercest rivals in its 10K filing. Great head start for Snap ahead of IPO!