BRIEF-Michael Kors to further reduce promotional activity, starting Q1 next year - executive

Wed Aug 10, 2016 9:34am EDT
 
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Aug 10 (Reuters) -

* Michael Kors Executive - Capital expenditures expected to total about $250 million for fiscal 2017 - conf call

* Michael Kors Executive - Will remove products from all store couponing for all retail partners in the U.S. and in Canada - conf call

* Michael Kors Executive - Will be removing products from all of the department store friends and family sales - conf call

* Michael Kors CEO - In quarter, negative traffic in Benelux region, France, UK, due to uncertainty among consumers around Brexit, decline in tourism - conf call

* Michael Kors Executive - To further reduce promotional activity, starting in calendar Q1 of next year Further company coverage: