Capri Holdings Ltd. shares fell to a 52-week low of $14.77 on Monday, marking the lowest price level since mid-2023.
The decline comes amid a broader pullback in the luxury goods sector, where high-end brands have faced weaker consumer demand in key markets such as the United States and China. Analysts attribute the pressure to macroeconomic headwinds, including elevated inflation and cautious spending on discretionary goods.
Capri, which owns brands including Michael Kors, Versace and Jimmy Choo, has struggled to regain momentum after reporting mixed earnings in recent quarters. The company’s revenue has been impacted by reduced foot traffic in physical stores and softer online sales growth.
Investors have also cited concerns over inventory levels and the pace of discounting to clear excess stock. The stock’s recent performance contrasts with its 52-week high of $45.00, reached in late 2023, highlighting the volatility in the luxury retail segment.
Capri Holdings did not immediately respond to requests for comment.
