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Fashion-savvy fans of wearable tech will need to keep their eyes peeled over the next few months.
On Michael Kors’ fiscal third-quarter earnings call on Thursday, CEO John Idol told analysts and investors that the affordable luxury brand “will be in wearables,” and expects to deliver announcements on that front in coming months.
“That is coming from Michael Kors,” Idol said, adding that the brand is not interested in being first to the market. Instead, he wants to take the time to develop a product that’s viable for shoppers’ everyday lives.
