CPRI earnings call for the period ending March 28, 2020.
News & Analysis: Capri Holdings
The fourth quarter had a light decline and revenue increased in full year 2020, but the company expects a 70% decrease in the first quarter of 2021.
Retail spending is recovering more quickly than expected.
Rising numbers of coronavirus cases had investors rightly worried.
The sentiment for beaten-down retailers continues to look better. Will it hold out?
Some good news on the COVID-19 front prompts optimism about clothes shopping.
The areas struck first by the coronavirus are also the first to reopen.
Shares of the apparel companies jumped Tuesday on bullish macroeconomic news.
A promising vaccine trial and reopening stores had investors in a buying mood.
The pandemic has changed how consumers think about clothes.