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Capri CEO: Wholesale Will Be a ‘Smaller Business’ in the Future

COVID-19 recovery is on the horizon but the pandemic's impact on sustainability, retail, product development and consumer buying patterns means the denim industry must evolve. Join Rivet on April 20th at 11 am ET for the COVID, One Year Later roundtable.

Michael Kors owner Capri Holdings Ltd. saw sales bounce back in the second quarter, led by growth in Mainland China, and will focus on generating more of its revenue from owned stores versus wholesale doors going forward. In a Nutshell: Noting the Covid-19’s pandemic ongoing impact, chairman and CEO John D. Idol said Capri company-owned…

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