US group Capri Holdings has reported an 8.6% dip in revenue for the second quarter of fiscal 2024 to $1.29 billion, driven by lower demand in the US and the costs of a new ecommerce platform.

The owner of Versace, Jimmy Choo and Michael Kors said transitioning to the platform created “greater than anticipated” challenges, impacting revenue by about £50 million.

Jimmy Choo revenue of $132 million decreased 7%, driven primarily by falling demand, mainly in the Americas. Revenue in the Americas declined 11.6%, while revenue in EMEA was flat and revenue in Asia declined 11.9%. 

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