rival companies jealous of its success

During the quarter the company's retail operating margin decreased due to price cuts that were needed to clean out fall merchandise the company said it put on store shelves too early. The company also predicted future declines and predicted that retail gross margins could drop for the year. (In our earlier article regarding KORS, we discussed potential concerns about the effects on discounting on the company's high end product offerings.) Now is not the time to buy KORS shares.. beach dresses Before we begin, I would like to refer you to our safe harbor statement which is on slide two of the presentation as we will be referring to forward looking statements in today's presentation. We would also like to review our description of risk factors contained in our most recent annual and quarterly reports, forms 10 Q and 10 K. 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