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Capri Narrows Q4 Loss as it Looks to Higher Prices for Kors

With pent-up demand, speed to market has never been more important. But port congestion, tariff impacts, the Uyghur crackdown and Covid uncertainty is making it difficult to restock the racks. Join Sourcing Journal on July 8 at 2 pm ET to learn how to sidestep the worst of the logistics roadblocks.

The owner of Michael Kors missed fourth-quarter revenue targets but narrowed the loss on a year-ago basis and beat Wall Street’s earnings estimates by $0.36 In a Nutshell: About 60 percent of Europe, Middle East and Africa (EMEA) stores were closed, on top of 40 percent in Canada, according to Capri Holdings. Despite revenue coming…

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