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(Source: Google Finance) While investors haven't been overly kind to the company over the past twelve months I believe there's a lot of upside to come for Kors.What we're witnessing with Kors is not a company specific issue but more of an industry related issue. This is highlighted by the performance of Kors competitors, Kate Spade & Co ( KATE ), Coach Inc ( COH ), and BURBERRY GROUP UNSP ADR EACH REP 2 ORD ( BURBY ). Here's how all three have performed over the pasttwelve months: (Source: Google Finance) Reducing Promotional Activity While Kors revenues have declined less that 4% from Q2 2016 to Q2 2017, onereason isthat its American business has hadastrong amount of promotional activities generated from competitors and from other channels of distribution. To address this, Korshasannounced that starting on February 1 it willfocus on reducing the amount of promotional activity surrounding itsbrand.It'sa strategy that's been working well for itsbest-selling handbag group (Mercer) this Fall season. The product is being sold as anon-promotional item and it's working. It's working well in every channel of distribution which would suggest that customers arewilling to pay more when they understand that these products can't be put on promotion on a regular basis. The 10 Best Stocks to Buy for 2017: The Experts' Picks Further reductions in promotional activity will include five product groups in its Spring season that will be sold on a non-promotional basis and excluded from any of its authorized sale periods in Kors.The focus will remain on deliveringluxury products with fashion sensibility at the right price-point, such as its medium-sized handbags being soldat$295. What has also been working well forKors is itsactive footwear category and its smartwatch business, both of which appear to be gainingtraction. Sales of itssmartwatch businessaren't big enough yet to offset the declines itshaving in itsfashion-watch business but that has more do do with the company's current inability to fill the high demand. Also notable is the strong performance of Korsmen's business, whichdelivered a solid performance in the second quarter, ended the quarter with 244 sportswear and leather goods shop-in-shops within its wholesale doors globally.
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About 10% of dementia cases in people living within 50m of a major road could be down to traffic, the study suggests. The researchers, who followed nearly 2m people in Canada over 11 years, say air pollution or noisy traffic could be contributing to the brain's decline. Dementia experts in the UK said the findings needed further investigation but were "certainly plausible". Nearly 50 million people around the world have dementia. However, the causes of the disease, that robs people of their memories and brain power, are not understood. Population growth The study in the Lancet followed nearly two million people in the Canadian province of Ontario, between 2001 and 2012. There were 243,611 cases of dementia diagnosed during that time, but the risk was greatest in those living closest to major roads. Compared with those living 300m away from a major road the risk was: 7% higher within 50m 4% higher between 50-100m 2% higher between 101-200m The analysis suggests 7-11% of dementia cases within 50m of a major road could be caused by traffic. The researchers adjusted the data to account for other risk factors like poverty, obesity, education levels and smoking so these are unlikely to explain the link. Dr Hong Chen, from Public Health Ontario and one of the report authors, said: "Increasing population growth and urbanisation have placed many people close to heavy traffic, and with widespread exposure to traffic and growing rates of dementia, even a modest effect from near-road exposure could pose a large public health burden. "More research to understand this link is needed, particularly into the effects of different aspects of traffic, such as air pollutants and noise." The researchers suggest noise, ultrafine particles, nitrogen oxides and particles from tyre-wear may be involved.
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