Capri Holdings

Affordable luxury brands thrive as high-end labels struggle with price hikes

Ultra-premium luxury brands prices hikes created a lucrative opportunity for more accessible luxury brands.

Affordable luxury goods continue to be a slow-growth category

Tapestry, owner of Coach, is planning a prospective takeover of Capri Holdings, owner of the more affordably priced label Michael Kors.

Spending at Macy’s and other retail stores slows

Plans to cut full-year forecast and increase promotions underway to get rid of excess spring stock at some major department stores.