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Dive Brief:
Capri Holdings grappled with inventory delays for its Michael Kors brand in Q1 as congestion at certain ports in Asia spurred longer transit times, according to an Aug. 5 earnings call.
In response, the company has been selectively using air freight to accelerate receipts where possible and working closely with its freight forwarders to get goods on faster vessels, CEO John Idol said.
However, the “situation is temporary,” and the company expects inventory to normalize through Q2 and the back half of the year, CFO and COO Tyler Reddien told analysts.
