Capri Holdings (CPRI) said on Wednesday that it might selectively raise prices on leather handbags to cushion a hit from tariffs as the Michael Kors owner tries to revive sales at its core brand by undertaking an ambitious turnaround plan.
“We continue to see meaningful work that needs to be done, particularly at its largest brand, Michael Kors, which has recorded 10 consecutive quarters of revenue declines,” said Dana Telsey of Telsey Advisory Group.
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