Assistant Store Manager
About the job
- A minimum of 3 years of retail experience, including 1–2 years of specialty management experience.
- Assist the Store Manager with daily store management and operations, including sales, customer service, operations, administration, communication, marketing, and merchandising, and assume Store Manager responsibilities in their absence.
- Meet personal and store sales goals; track, monitor, and communicate business results; and ensure associates provide elevated sales and service.
- Develop personal sales techniques and assist associates in developing sales techniques to maximize sales; maintain sales policies and procedures; build merchandise knowledge among selling staff; and monitor fashion industry and market trends.
- Ensure associates provide high-level customer service; build and maintain repeat clientele using personal and staff client books; resolve client problems and complaints; and assist sales associates with customer-service issues, including dissatisfied customers, returns, and defective merchandise.
- Collaborate with the Store Manager on risk management, physical security, cash controls, and inventory management; support staff training in register usage and maintenance; execute management register functions; participate in inventories; and follow cash-control procedures for bank deposits, safe funds, and petty cash.
- When applicable to offsite drivers, drive products to and from the offsite location as needed.
- Assist with merchandising and visual directives; maintain a neat, clean, organized selling floor that reflects the correct visual image; ensure timely processing of deliveries; identify and communicate product concerns; and communicate inventory needs.
- Assist with recruitment, training, and staff development; support payroll integrity and processing; evaluate associate performance and provide feedback; resolve human-resources issues in a timely manner, partnering with HR when necessary; and follow up on training programs and seminars.
- Ensure professional image and grooming standards are followed.
About the company
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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Simplify's Take
What believers are saying
- Michael Kors opened new locations in Copenhagen, the Netherlands, Hyderabad, and Palm Beach.
- Fall 2026 campaigns with Suki Waterhouse and Danny Ramirez refresh brand visibility.
- Gross margin improved to 63.9% in Q1 fiscal 2027 from stronger full-price sell-throughs.
What critics are saying
- Q1 fiscal 2027 Michael Kors revenue fell 7.1%, exposing weak demand.
- Capri warned of $50 million Michael Kors headwind from inventory delays in Q2 fiscal 2027.
- A sale process faces an $809 million derivative liability if control changes.
What makes Michael Kors unique
- Michael Kors remains Capri's revenue engine, generating $590 million in Q1 fiscal 2027.
- The brand spans handbags, footwear, apparel, and accessories across luxury and outlet channels.
- Store renovations and reduced markdowns sharpen the brand's accessible-luxury positioning.
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Benefits
Flexible Work Hours
Cross-Brand Discount
Internal mobility across Versace, Jimmy Choo, Michael Kors
Clothing Allotment
Exclusive Employee Sales
Growth & Insights and Company News
6 month growth
↑ 3%1 year growth
↑ 3%2 year growth
↑ 5%Michael Kors opens in Illum department store in Copenhagen. Michael Kors has opened a new shop-in-shop at Illum luxury department store in Copenhagen, bringing the brand's flair and sophistication to the global shopping destination. Located on the ground floor, the new space marks Michael Kors' first women's lifestyle shop-in-shop concept in Europe. With entrances accessible from both inside the department store and from the exterior street side, the 968-square-foot shop features a curated selection of Michael Kors fashion and accessories, including handbags, ready-to-wear, small leather goods and footwear. The new store reflects the brand's commitment to laid-back luxury, with an emphasis on ease and sophistication. Soft neutral tones, residential décor cues and an open, airy ambience create a setting designed for customers to browse, shop and experience the brand's style and service. Founded in 1891, Illum is one of Copenhagen's most iconic luxury department stores and a leading destination for premium fashion, beauty and design.
Capri Holdings explores sale as Michael Kors turnaround continues. Camilla Rydzek 22 September 2026 Capri Holdings has informally approached prospective investors about a possible sale, although a potential $809 million liability linked to its currency-hedging contracts could complicate any transaction. Capri has not announced a formal sales process and the discussions remain preliminary, with a transaction not expected in the near term, sources familiar with the matter told WWD. The New York-listed luxury group Capri now consists of Michael Kors and Jimmy Choo after completing the sale of Versace to the Prada Group in December 2025. By sharpening its portfolio Capri has reduced its net debt to $224 million compared with $1.5 billion a year earlier. Michael Kors remains central to the group's overall performance, representing approximately 83% of revenue from Capri's remaining businesses in fiscal 2026. Investors currently value Capri's publicly traded shares at about $1.7 billion in total, roughly 40% less than at the beginning of 2026. That compares with a market value of around $10 billion in 2022 and more than $20 billion in 2014. Currency hedges complicate a potential transaction One hurdle that any potential buyer will need to face is Capri's currency-hedging programme. The company has $3.5 billion of fixed-rate cross-currency contracts tied to its investments in Swiss francs and a further $2.4 billion tied to investments in euros. Currently the contracts carry an estimated liability of $809 million, which sources told WWD could become payable if Capri is sold. However, Capri said this figure reflects the contracts' market value as of June 2026, meaning it can change and should not be treated as a fixed bill. WWD described the scale of Capri's currency-hedging programme, which consists of contracts intended to reduce Capri's exposure to movements in exchange rates, as unusually large for a fashion group. Yet they have also created revenue for the group, with Capri receiving $352 million in interest over the three fiscal years ended in 2026. Michael Kors sales continue to decline In its first-quarter fiscal 2027 results, Capri reported revenue of $769 million, down 3.5% year on year. Adjusted operating margin rose from 2.5% to 3.6%, supported by higher full-price sell-through and lower tariff rates. Meanwhile Michael Kors revenue fell 7.1% to $590 million, and operating profit declined from $63 million to $55 million. Jimmy Choo revenue on the other hand increased by 10.5% to $179 million, while operating profit rose from $4 million to $13 million. Following the pre-administration sale of Harvey Nichols to Frasers Group, Jimmy Choo is one of the luxury brands that is likely to recover no more than 15% of the £174,201 that it is owed, according to early-stage estimates from the department store group's administrators, FTI Consulting. Harvey Nichols' primary trading company entered administration owing £270.5 million to unsecured creditors Capri has reduced markdown exposure and refreshed its stores as part of the Michael Kors repositioning. Chairman and CEO of Capri, John D. Idol, said the company had 50% less clearance and markdown inventory than a year earlier, while Michael Kors inventory had fallen almost 27% in the previous quarter. Idol said he was "encouraged" by the company's first quarter results, "which exceeded our expectations and demonstrated the progress we are making to build a stronger and more profitable business." He added that the company's strategic initiatives across both brands have been driving "deeper consumer engagement through enhanced brand storytelling and compelling product innovation." Yet, the group lowered its fiscal 2027 revenue forecast to approximately $3.4 billion. Idol commented that while he expects "Jimmy Choo to continue to grow and return to profitability" in fiscal 2027, the revenue outlook had been impacted by "certain headwinds at Michael Kors", including "lower than anticipated inventory levels in the second quarter, softer trends in EMEA and updated foreign currency exchange rate assumptions". He added: "Looking beyond fiscal 2027, the opportunity for Michael Kors and Jimmy Choo remains significant. 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."
Michael Kors debuts Netherlands store. Photo: BGStock72 - stock.adobe.com September 21, 2026 Michael Kors, an apparel and accessories brand, has opened a store in Leidschendam in the Netherlands. The 2,873-square-foot Netherlands store opening comes on the heels of the brand launching a Michael Kors Collection boutique in Palm Beach, Florida, according to a Fashion Network report.
CPRI jumps as Capri Holdings wins S&P SmallCap 600 spot. JACK KELLOGG - UPDATED SEP. 13, 2026, 11:05 AM ET Capri Holdings Limited stocks have been trading up by 7.69 percent amid heightened buyout optimism and takeover speculation. Market insights for short-term traders. * Capri Holdings Limited is being added to the S&P SmallCap 600 before the open on 2026/09/21, a move that can attract index fund demand and raise liquidity. * Michael Kors is partnering with Amazon's "First Day Ready" campaign, using an on-campus Jet Set Lounge and Amazon's digital reach to target college students and young adults. * Capri Holdings will feature its CEO and CFO/COO in a fireside chat at the Goldman Sachs Global Consumer and Retail Conference 2026, offering traders a fresh read on management's tone. Weekly Update Sep 07 - Sep 11, 2026: On Sunday, September 13, 2026 Capri Holdings Limited stock [NYSE: CPRI] is trending up by 7.69%! Discover the key drivers behind this movement as well as its expert analysis in the detailed breakdown below. Consumer Discretionary industry expert: Analyst sentiment - positive Capri's fundamentals show a challenged but still viable luxury portfolio. Revenue down 14% over three years confirms brand stagnation, yet gross margin at 62.7% and EBITDA margin 7.1% indicate intact pricing power and cost control headroom. Leverage is elevated (total debt/equity 10x; interest coverage 2.7x), but Q1 operating cash flow of $73m and free cash flow of $48m support near-term obligations. A 10.7x P/E and 0.46x sales discount peers, reflecting brand and execution risk. Technically, the stock is attempting to base after prior downside. The weekly sequence from 13.01 to 13.87 shows higher closes and a strong 9/11 candle reclaiming prior range, signaling short-term bullish momentum. Intraday 5-minute action shows increasing volume on pushes above 13, suggesting improving demand there. Dominant short-term trend is up within a broader bottoming phase. Actionable level: use $13.00 as key pivot support; above it, traders can target $14.20-14.50 with tight stops just below $12.70. Capri benefits from several near-term catalysts. Inclusion in the S&P SmallCap 600 should drive incremental index and quant demand, tightening spreads and supporting a higher trading range. The Michael Kors-Amazon campus campaign improves younger-demographic engagement, while the Goldman Sachs conference appearance can reset the narrative versus Consumer Discretionary and soft luxury peers trading at richer multiples. I see modest multiple re-rating potential; 12x forward earnings supports a $15-16 near-term target, with resistance at $15 and support at $12.50. Quick financial overview. Capri Holdings Limited (CPRI) is trading in the low-teens, with recent weekly candles showing a grind between roughly $12.70 and $13.90. The intraday spike from about $13.10 to a high near $14.05 before closing around $13.89 signals strong demand on the day, with buyers in control into the close. For short-term traders, that kind of wide intraday range and close near the highs often points to momentum-style follow-through, especially around a clear catalyst such as S&P SmallCap 600 index inclusion. On the fundamentals, CPRI generated about $3.47B in revenue, but top-line trends are negative, with revenue down over the last three and five years. Even with that pressure, gross margin near 62.7% shows Capri Holdings Limited still has strong pricing power and brand strength. Operating margins are thin, though, with EBIT margin around 3.6% and profit margin on continuing operations under 3%, which tells traders the story is more about execution and cost control than pure growth right now. Valuation sits at a modest price-to-earnings ratio of about 10.7 and a price-to-sales ratio near 0.46, so the market is not paying a rich multiple for CPRI's brands. Financial strength is mixed: leverage is high, with total debt to equity above 10 and a leverageratio over 23, but interest coverage of 2.7 and a current ratio of 1.2 show Capri Holdings Limited can service its obligations in the near term. Recent quarterly numbers show roughly $73M in operating cash flow and about $48M in free cash flow, even after around $25M in capital spending, which supports the view that the business is still generating real cash despite the leverage. Conclusion. Capri Holdings Limited is catching a clean alignment of catalysts: S&P SmallCap 600 inclusion, a fresh Amazon branding push, and an upcoming Goldman Sachs conference appearance. For CPRI, the index addition on 2026/09/21 is the most tradable event, as it can force mechanical buying from small-cap index trackers and raise the name on more institutional screens. The sharp intraday move toward $14, closing near the highs, confirms that traders are already positioning ahead of that date. Financially, CPRI is a leveraged, cash-generating brand portfolio with high gross margins but tight net margins, which means any improvement in costs or revenue stabilization can have an outsized effect on earnings. The Amazon "First Day Ready" partnership for Michael Kors gives Capri Holdings Limited another channel into younger buyers, which supports the longer demand story even if it does not shift the near-term numbers right away. The Goldman Sachs fireside chat should be watched closely by traders for hints on margin plans, debt priorities, and brand strategy. From a risk-reward angle, the key near-term questions are whether momentum holds into and after the S&P SmallCap 600 effective date, and how much the market is willing to re-rate a still-leveraged, low-multiple fashion name. As I tell my students, "You trade the reaction, not the headline - let CPRI's price and volume around each catalyst confirm whether smart money is leaning in or stepping aside." As millionaire penny stock trader and teacher Tim Sykes says, "Small gains add up over time; focus on building wealth gradually, not chasing jackpots.", which is exactly the mindset traders should bring to a catalyst-driven name like CPRI rather than swinging for one big home run on any single news event. This is stock news, not investment advice. Timothy Sykes News delivers real-time stock market news focused on key catalysts driving short-term price movements. Its content is tailored for active traders and investors seeking to capitalize on rapid price fluctuations, particularly in volatile sectors like penny stocks. Readers come to Millionaire Media, LLC. for detailed coverage on earnings reports, mergers, FDA approvals, new contracts, and unusual trading volumes that can trigger significant short-term price action. Some users utilize its news to explain sudden stock movements, while others rely on it for diligent research into potential investment opportunities. Dive deeper into the world of trading with Timothy Sykes, renowned for his expertise in penny stocks. Explore his top picks and discover the strategies that have propelled him to success with these articles: Once you've got some stocks on watch, elevate your trading game with StocksToTrade the ultimate platform for traders. With specialized tools for swing and day trading, StocksToTrade will guide you through the market's twists and turns. 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Michael Kors features brand ambassadors Suki Waterhouse and Danny Ramirez in fall campaign. The ads were shot in London by Anthony Seklaoui. September 8, 2026, 12:01am Michael Kors will again feature brand ambassadors Suki Waterhouse and Danny Ramirez in its ad campaign, photographed by Anthony Seklaoui in London. The fall 2026 campaign draws inspiration from Waterhouse and her hometown of London, offering a luxe, lived-in approach to the city's polished energy. Channeling Waterhouse's free-spirited personality and high-low style, the looks blend effortless chic with urban edge. The campaign also marks the debut of new hero handbag silhouettes from Michael Kors, including a slouchy take on the brand's signature Hamilton bag and new iterations of the popular Laila and Nolita shoulder bags. For men, Ramirez embodies the sleeker side of London style. You may also like. Complementing the campaign is a series of film vignettes capturing Waterhouse in tongue-in-cheek moments around town. From turning heads on the sidewalk to indulging at a local pub, the London native hits the streets with a touch of British humor and charm. The global campaign will debut this month across digital outlets, as well as social media platforms and traditional outdoor media placement. Newsletters