Shares of Michael Kors Holdings Ltd (NYSE:KORS) ended Monday session in green amid volatile trading. The shares closed up +1.77 points or 3.70% at $49.62 with 3.38 million shares getting traded. Post opening the session at $48.07, the shares hit an intraday low of $47.97 and an intraday high of $49.94 and the price vacillated in this range throughout the day. The company has a market cap of $8.42 billion and the numbers of outstanding shares have been calculated to be 169.01 million shares.
On September 6, 2016 Michael Kors (KORS), a global luxury lifestyle brand, is excited to introduce the MICHAEL KORS ACCESS display smartwatch, part of its new wearable technology accessories line. The line is geared towards the fashion-focused consumer and combines innovative technology with exceptional style from a leader in luxury fashion.
The cutting-edge technology at the heart of the MICHAEL KORS ACCESS smartwatch, which is compatible with both iPhone® and Android™ phones, is made possible through a partnership with Google, using their Android Wear™ smartwatch platform.
Designed to show that technology and social connectivity should be seamless, the MICHAEL KORS ACCESS line, which also includes activity trackers, proves that access can be both glamorous and effortless. “Our customers love fashion and they’re plugged in 24/7,” says Michael Kors. “I think they’ll appreciate having social connectivity and health and fitness tracking all within a great-looking accessory.”
Shares of Mattel, Inc. (NASDAQ:MAT) ended Monday session in green amid volatile trading. The shares closed up +0.50 points or 1.60% at $31.74 with 3.30 million shares getting traded. Post opening the session at $32.09, the shares hit an intraday low of $31.49 and an intraday high of $32.15 and the price vacillated in this range throughout the day. The company has a market cap of $10.79 billion and the numbers of outstanding shares have been calculated to be 340.62 million shares.
On Aug. 31, 2016 American Girl®, a premium brand for girls and subsidiary of Mattel, Inc. (MAT), announced a multi-year partnership with the world’s leading dedicated toy and baby products retailer, Toys”R”Us, Inc. The collaboration will make Toys”R”Us® the first and only U.S.-based retailer to feature American Girl shop-in-shops in select stores, and the exclusive retail partner to carry American Girl’s popular Truly Me™ line of contemporary 18-inch dolls, doll outfits and accessories. The move marks the first time the company has extended such a broad assortment of its doll product outside of its existing channels.
The inclusion of American Girl product at Toys”R”Us stores is in addition to American Girl’s 20 proprietary U.S. stores and its online shop, americangirl.com. This expansion also comes on the heels of the launch of American Girl’s newest doll and content line, WellieWishers™, designed for girls ages 5 to 7 years.
“For years, girls and their families have been asking for more immediate and convenient ways to shop for and experience American Girl,” says Katy Dickson, president of American Girl. “Partnering with a top retailer like Toys”R”Us allows us to meet our customers where and when they want to shop and to take our timeless life lessons to even more girls. We’re excited about increasing access to our brand by inspiring and connecting with more families in more places than ever before!”