Capri Holdings announces phased reopening of stores

Capri Holdings Limited, a global fashion luxury group, has provided details on its phased reopening plan for its global store operations. The company has begun to resume store operations globally in accordance with local government’s reopening plans while following the health and safety protocols of local authorities and public health organisations.

 

Capri Holdings Limited, a global fashion luxury group, has provided details on its phased reopening plan for its global store operations. The company has begun to resume store operations globally in accordance with local government's reopening plans while following the health and safety protocols of local authorities and public health organisations.#

“As we reopen our stores around the world, we are prioritising the health and safety of our employees, customers and communities. We are taking a prudent and measured approach to reopening our stores to ensure all necessary precautions are in place while maintaining the exceptional in-store experience our customers expect from our luxury houses,” John Idol, chairman and CEO at Capri Holdings, said in a press release. 

 

Capri Holdings Limited, a global fashion luxury group, has provided details on its phased reopening plan for its global store operations. The company has begun to resume store operations globally in accordance with local government's reopening plans while following the health and safety protocols of local authorities and public health organisations.#

The Covid-19 pandemic has profoundly impacted our lives and our business in ways we could not have anticipated. We have a portfolio of three iconic, founder-led fashion luxury houses that continue to inspire passion and enthusiasm with their customers. As the world emerges from the global shutdown we believe our consumers will once again express themselves through fashion and luxury.”

 

Capri Holdings Limited, a global fashion luxury group, has provided details on its phased reopening plan for its global store operations. The company has begun to resume store operations globally in accordance with local government's reopening plans while following the health and safety protocols of local authorities and public health organisations.#

Company stated that all Versace, Jimmy Choo and Michael Kors stores in the Americas and EMEA were closed in mid-March 2020. Currently, less than 15 per cent of the 455 retail stores in the Americas are open while in EMEA almost 60 per cent of the 318 retail stores are open and company anticipate having the majority open by early July 2020 in both the region.

 

Capri Holdings Limited, a global fashion luxury group, has provided details on its phased reopening plan for its global store operations. The company has begun to resume store operations globally in accordance with local government's reopening plans while following the health and safety protocols of local authorities and public health organisations.#

For the Asia region, in Greater China, the company began closing stores in late January 2020. Today, all of the 288 stores in Greater China are open. In Japan, South Korea and other parts of Southeast Asia, the company began closing stores in February. Currently nearly 70 per cent of the 210 stores in these areas are open. In Mainland China, where stores have been open the longest, volumes began to gradually build, with sales in April and May approximately flat to last year at Versace and Jimmy Choo, and approximately 80 per cent of prior year levels at Michael Kors for the same period.

 

Capri Holdings Limited, a global fashion luxury group, has provided details on its phased reopening plan for its global store operations. The company has begun to resume store operations globally in accordance with local government's reopening plans while following the health and safety protocols of local authorities and public health organisations.#

The company has also stated that it is pleased with the strong online engagement from Versace, Jimmy Choo and Michael Kors loyal customers. Company's overall e-commerce sites have generated strong sales, with Versace and Michael Kors almost double prior year levels in April and May.