Part-Time
Owns multi-brand luxury fashion houses
$15 - $18.50/hr
Albany, NY, USA
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Michael Kors is a luxury fashion brand that creates accessible luxury clothing, bags, shoes, and accessories. Its product line emphasizes chic, comfortable designs that appeal to a global audience seeking elevated everyday wear. The core brand began under Michael Kors and expanded into a broader fashion group through acquisitions, later rebranding to Capri Holdings Limited to reflect a diversified portfolio. Capri Holdings grew by adding Jimmy Choo and Versace, expanding its presence in the luxury market. In 2023, Capri Holdings was acquired by Tapestry, Inc., forming a larger umbrella of luxury brands, though the deal faced regulatory scrutiny from the U.S. Federal Trade Commission in 2024 over competition concerns. The company's goal is to build a leading global luxury fashion group by combining strong brand names, expanding product categories, and leveraging scale across design, manufacturing, and retail channels.
Company Size
5,001-10,000
Company Stage
Acquired
Total Funding
$8.5B
Headquarters
Los Angeles, California
Founded
1981
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Flexible Work Hours
Cross-Brand Discount
Internal mobility across Versace, Jimmy Choo, Michael Kors
Clothing Allotment
Exclusive Employee Sales
Capri Holdings Q1 fiscal 2027 revenue decreased 3.5 percent. Posted On August 7, 2026 CPP-LUXURY Capri Holdings cut its annual revenue forecast on Wednesday, citing second-quarter inventory delays at its key Michael Kors brand and softer demand for its pricey handbags and accessories in some markets. The business' total revenue decreased by 3.5% year on year on a reported basis and 4.1% in constant currency terms in the first quarter of the 2027 fiscal year to total $769 million, it announced in a release on Wednesday. Capri Holdings reported an operating margin of 2.2%, with an adjusted operating margin of 3.6%, and its gross profit was $500 million with gross margin of 65.0%, compared to $502 million and 63.0% in the first quarter of the 2026 financial year. Michael Kors' quarterly revenue fell to $590 million from $635 million a year earlier. It now expects fiscal 2027 revenue of about $3.4 billion, down from its previous forecast of about $3.53 billion. Jimmy Choo reported quarterly revenue of $179 million, up 10.5% compared to last year and up 9.3% on a constant currency basis. "We are encouraged by our first quarter results, which exceeded our expectations and demonstrated the progress we are making to build a stronger and more profitable business," said the company's chairman and CEO John D Idol in a press release. "Our strategic initiatives across both Michael Kors and Jimmy Choo are driving deeper consumer engagement through enhanced brand storytelling and compelling product innovation." Shares of the New York-based firm were down 2% in premarket trading. The New York-based luxury group said Michael Kors, its largest brand by revenue, would take a $50 million hit in the second quarter from inventory delays and a further $50 million for the fiscal year from weaker demand in Europe and emerging markets due to the Middle East conflict. "Looking beyond fiscal 2027 the opportunity for Michael Kors and Jimmy Choo remains significant," said Idol. "As our strategic initiatives continue to gain momentum, Capri Holdings is well positioned to drive sustainable growth, enhance profitability and create meaningful long-term value for our shareholders." US luxury companies have been grappling with uneven demand as inflation-weary consumers pull back on discretionary purchases, while economic uncertainty weighs on spending in key international markets.
What drove US' Capri Holdings' Q1 FY27 revenue decline? 06 Aug '26 Insights. * Capri Holdings has reported weaker Q1 FY27 results, with revenue declining 6 per cent YoY to $1.19 billion and net income falling to $59 million amid subdued luxury demand. * Sales declined across Michael Kors, Versace and Jimmy Choo. * The company lowered its FY27 outlook, citing inventory delays, weaker EMEA demand linked to the Middle East conflict and foreign exchange headwinds. American luxury fashion group Capri Holdings has reported a softer first-quarter (Q1) fiscal 2027 (FY27) performance, as subdued consumer demand and ongoing macroeconomic headwinds weighed on sales across its portfolio of brands, including Michael Kors, Versace, and Jimmy Choo. For the quarter ended June 29, 2026, Capri Holdings posted total revenue of $1.19 billion, representing a 6 per cent year-on-year (YoY) decline compared to $1.27 billion in the same period last year. Net income for the quarter stood at $59 million, down from $81 million a year earlier. "Our first quarter results reflect the ongoing challenges in the luxury sector, with softer demand across key markets. We remain focused on executing our strategic initiatives and managing inventory levels to position our brands for long-term growth," said John D Idol, chairman and CEO, Capri Holdings. Related News Germany's Puma expects stronger H2 as Q2 reset... PM Rahman calls for continued US investment in... Italy's Brunello Cucinelli's H1 revenue, profit... Can Germany's Zalando build on its strong Q2... India's Pearl Global reports highest-ever... Italy's Salvatore Ferragamo returns to H1 profit... Germany's Puma expects stronger H2 as Q2 reset... PM Rahman calls for continued US investment in... Italy's Brunello Cucinelli's H1 revenue, profit... Can Germany's Zalando build on its strong Q2... India's Pearl Global reports highest-ever... Italy's Salvatore Ferragamo returns to H1 profit... Gross profit for the quarter was $708 million, with a gross margin of 59.5 per cent, compared to $763 million and a margin of 60.1 per cent in the prior-year period. Diluted earnings per share (EPS) came in at $0.42, down from $0.58 in Q1 FY26. Operating income also decreased to $110 million from $142 million, with the operating margin narrowing to 9.2 per cent from 11.2 per cent in Q1 FY26, according to the company's quarterly results, Capri Holdings said in a press release. Brand and regional performance Michael Kors revenue declined 7 per cent YoY to $784 million, while Versace revenue fell 5 per cent to $252 million. Jimmy Choo revenue was $154 million, down 3 per cent YoY. Regionally, Americas revenue decreased 8 per cent to $670 million, EMEA (Europe, Middle East and Africa) dropped 4 per cent to $355 million, and Asia revenue was flat at $165 million. Margin analysis Gross margin contracted by 60 basis points to 59.5 per cent, primarily due to higher promotional activity and unfavourable currency movements. Operating margin also narrowed, reflecting lower sales leverage and increased marketing investments. Guidance and outlook Capri Holdings has lowered its FY27 outlook, projecting revenue of about $3.4 billion and diluted EPS of approximately $2.15, citing inventory delays at Michael Kors, weaker demand in EMEA due to the Middle East conflict and foreign exchange headwinds. For Q2 FY27, the company expects revenue of around $780 million and EPS of $0.20. Michael Kors and Jimmy Choo are both expected to face margin pressure in the second quarter. The company remains focused on strengthening its brand equity and driving long-term shareholder value, despite near-term macroeconomic uncertainties. Fibre2Fashion News Desk
Michael Kors a drag in Q1 as Jimmy Choo kicks revenue up 10%. Owner Capri Holdings suffered from woes at its larger label, as total revenue fell more than 3% compared to last year, though margins and profits expanded. Published Aug. 5, 2026 Dive brief: * Sales declines at Michael Kors made a dent in Capri Holdings' Q1, as the company's total revenue in the period fell 3.5% year over year to nearly $770 million. * Michael Kors revenue tumbled over 7% to $590 million, while Jimmy Choo revenue surged more than 10% to $179 million, Capri said Wednesday. * The bottom line was healthy, though, as gross margin expanded by 200 basis points to 65% and net income soared 32% to $70 million. Gross margin at Michael Kors expanded by 280 basis points to 63.9%, and at Jimmy Choo shrank by 170 basis points to 68.7%. Dive insight: In an effort to pull away from discounts, Michael Kors is sacrificing short-term pain for long-term gain. The brand will likely see negative store comps in Q2 as it winds up its final phase of markdowns, Capri CEO John Idol told analysts Wednesday. Higher-priced products will arrive in outlets this month and next, and how customers receive them will be a test of the strategy, he said. So far, shoppers have had "little or no reaction," he said. "I do expect customers to come in and be looking for lower-priced things that they had historically seen from us, and we may lose some of that historic customer," he said. "We don't know that yet until we go through it. But we're excited. That's why we're increasing our marketing spend, to go out and attract new customers into both full price and outlet - in particular younger customers who most likely were never shopping with us previously." The approach, which was successful at Coach a decade ago, is one reason why gross margin expanded at Michael Kors, and GlobalData Managing Director Neil Saunders views it as "prudent if it can be pursued over the longer term." "All that said, it is far too early to use the word 'turnaround' alongside Michael Kors," he said in emailed comments. "While Capri is taking corrective action, some of the decline is still down to the brand being seen unfavorably by consumers. Overall, the luxury and premium segments performed well this quarter, especially in the US. However, Michael Kors remains weak on our brand radar of aspirational brands people want to invest in or spend their money on." Capri lowered its outlook for the fiscal year. The company expects inventory delays at Michael Kors to siphon $50 million and weaker sales due to conflict in the Middle East to siphon another $50 million. As a result Capril now sees total revenue for the year reaching about $3.4 billion, down from its previous expectation for over $3.5 billion.
Michael Kors and Soles4Souls partnership. Collaboration - 4/29/26 Capri reinforces its ongoing partnership with non profit organization Soles4Souls through a Europe-wide in-store shoe drive. Running from April 21st to May 15th, the initiative offers customers 30% off full-price footwear in exchange for donating gently used shoes at all participating Michael Kors Lifestyle and Outlet Stores across Europe (excluding Switzerland and Concessions) supporting communities in need.
Michael Kors expands footprint with Jet Set Lounge debut in China. Michael Kors has officially opened a sophisticated new flagship store at the prestigious China World mall in Beijing. This strategic expansion represents a significant milestone for the brand as it continues to strengthen its presence within the Chinese luxury market. The massive 3,500-square-foot space showcases the latest evolution of the Michael Kors global retail concept. Inside, shoppers will find a refined interior featuring warm wood flooring paired with sleek marble finishes and soft neutral tones. This elegant setting provides a perfect backdrop for the brand's high-end collections, ranging from ready-to-wear to luxury accessories. At the heart of the new store is the world's first Asian Jet Set Lounge. This innovative café concept was previously introduced in fashion capitals like New York and London to great acclaim. By bringing this format to Beijing, the brand offers a unique place for visitors to pause and relax. The menu features a curated selection of international iced teas alongside sweets inspired by classic New York staples. This blend of travel, leisure, and retail creates an immersive lifestyle experience that goes far beyond traditional shopping. Michael Kors expressed his personal excitement about launching this flagship in such a vibrant and fashion-forward city. He noted that the incredible sense of style found in China constantly inspires his creative vision for the brand. To support this long-term growth, the company recently appointed Corey Moran as the new chief marketing officer. Moran will focus on enhancing brand desirability and using consumer data to drive global engagement. These leadership changes reflect a deeper commitment to becoming more consumer-centric in an evolving digital landscape. The brand is also boosting its local cultural relevance by partnering with high-profile Chinese talent. Recently, actress Meng Ziyi was named the official brand ambassador for China to reach a younger, style-conscious audience. She made her debut in a new campaign featuring the NoLIta pochette, a chic denim-printed bag from the archives. This opening comes at a time when Beijing is attracting massive investments from global luxury heavyweights like Louis Vuitton and Tiffany. By offering this exclusive lounge experience, Michael Kors remains a leader in the city's competitive high-fashion scene.