Definition of mooch. 1  intransitive verb. 2  1 : to wander aimlessly : amble; also : sneak. 3  2 : beg, sponge.  transitive 1  verb. 1 : to take surreptitiously : steal.  2 : beg, sponge.
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Michael Kors' business is slipping. The company enjoyed an impressive rise in popularity in recent years thanks to its trendy handbags and watches. But growth has been slowing lately, and the company has reported a weak outlook for the future. Shares are down 34% in the past year.