Wells Fargo analysts wrote in a note to clients that "sentiment appears to have suddenly (and meaningfully) shifted," with shares for handbag companies like Coach, Michael Kors, and Kate Spade soaring. Wells Fargo says this is because the companies reported strong fourth quarter results, and proved they're stillimproving. Additionally, Wells Fargo points to the fact that "buying patterns are still healthy." The trend is a promising shift for these companies, which were previously thought to be in trouble. Coach and Michael Kors, in particular, have been subject to ample criticism in the past few years, largely for being too ubiquitous. Michael Kors' three-tiered brand a high-end brand, a middle-market brand, and a discount-level brand seemed as though it would undermine the retailer for awhile. If a consumer could get a cheaper handbag, why pay full price? Worse, retail expert Robin Lewis of The Robin Report has written about how outlet stores can damage a brand's reputation and make i

Wells Fargo analysts wrote in a note to clients that "sentiment appears to have suddenly (and meaningfully) shifted," with shares for handbag companies like Coach, Michael Kors, and Kate Spade soaring. Wells Fargo says this is because the companies reported strong fourth quarter results, and proved they're stillimproving. Additionally, Wells Fargo points to the fact that "buying patterns are still healthy." The trend is a promising shift for these companies, which were previously thought to be in trouble. Coach and Michael Kors, in particular, have been subject to ample criticism in the past few years, largely for being too ubiquitous. Michael Kors' three-tiered brand a high-end brand, a middle-market brand, and a discount-level brand seemed as though it would undermine the retailer for awhile. If a consumer could get a cheaper handbag, why pay full price? Worse, retail expert Robin Lewis of The Robin Report has written about how outlet stores can damage a brand's reputation and make i

Wells Fargo analysts wrote in a note to clients that "sentiment appears to have suddenly (and meaningfully) shifted," with shares for handbag companies like Coach, Michael Kors, and Kate Spade soaring. Wells Fargo says this is because the companies reported strong fourth quarter results, and proved they're stillimproving. Additionally, Wells Fargo points to the fact that "buying patterns are still healthy." The trend is a promising shift for these companies, which were previously thought to be in trouble. Coach and Michael Kors, in particular, have been subject to ample criticism in the past few years, largely for being too ubiquitous. Michael Kors' three-tiered brand a high-end brand, a middle-market brand, and a discount-level brand seemed as though it would undermine the retailer for awhile. If a consumer could get a cheaper handbag, why pay full price? Worse, retail expert Robin Lewis of The Robin Report has written about how outlet stores can damage a brand's reputation and make i

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