Sustained and Busted Retail Narratives

Michael Kors Holdings Limited ($KORS) reported HORRIBLE numbers this past week: an absolute trainwreck. Quickly here: revenue down 11.2%, same stores sales down 14.1%, wholesale net sales down 22.8%, and a quarterly net loss of $26.8mm, a ($203mm) swing from the same quarter last year. Feel free to pencil in 100-125 KORS stores into the chart below whic…