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Michael Kors Holdings recorded $1.18bn in the crucial fourth quarter, close to an 11% gain on last year, a revenue result driven most by sales brought in from Jimmy Choo, the luxury shoe business it acquired last summer for $1.2bn. Like-for-like sales during…
Asia proved the strongest growth market for premium apparel and accessories retailer Michael Kors last year, offsetting ongoing weakness in its largest market, the Americas. Asian sales increased 17.5 per cent to US$137.7 million in the fourth quarter and…
The latest numbers from Michael Kors are far from being a good result, indicating a distinct lack of momentum at the brand. In some divisions, the Michael Kors brand has experienced a reversal of fortunes since the last reporting period and the results…
Beijing’s iconic Xidan Joy City celebrated its 10 year anniversary today by unveiling its newly renovated Rose Garden relaxation zone. The celebration also marks the completion of the first phase of a significant upgrade of the mall’s interior and public…
Michael Kors Asia sales soared 30.4 per cent in the second quarter as the US luxury fashion company continued to progress its Runway 2020 strategic growth plan. Sales in Asia – the group’s fastest-growing market, totalled US$124 million, up 33.5 per cent when…
Affordable luxury leather goods brand Michael Kors has finished renovating its flagship store in Manila, reopening to the Filipino customer in October 2017. Located at Greenbelt 5, the improved Makati store unveils a new play on metal accents — as seen on…
Michael Kors Philippines has completed the renovation and reopening of its flagship store at Greenbelt 5 in Makati. The US affordable luxury brand is distributed in the Philippines by Stores Specialists Inc (SSI) and has other stores at Central Square on…
Luxury travel retailer DFS Group is launching a Michael Kors exclusive collection for its DFS and T Galleria by DFS stores. Going on sale on Friday, the Michael Kors x DFS collection draws its inspiration from the jetset lifestyle and New York’s urban jungle,…
Michael Kors has been struggling in recent quarters with declining same-store sales as fewer people visit its shops. U.S. retailer Michael Kors has agreed to buy luxury shoemaker Jimmy Choo for $1.2 billion, snapping up a British brand launched in the east…
Michael Kors plans to open around 100 new stores in China in next three years, as the US brand continues to plan for mass global retail closures, forming part of its recently revealed “Runway 2020” restructuring program to turn dwindling sales around. Michael…
Michael Kors, the once-popular retailer that has been trying to turn itself around, said it expected same-store sales to continue to fall in 2018, and that it would shut more than 100 full-price retail stores in the next two years. Shares of the company…
The closures of a number of retail and luxury brand giants on China’s e-commerce platforms indicate that retail competition is no less fierce online than offline. It is old news that the Chinese market is highly competitive and unlike any other market in the…
While retail net sales grew 9.2 per cent to US$836.7 million for luxury lifestyle brand Michael Kors in its third quarter, ended December 31, its revenue decreased 3.2 per cent to $1.35 billion. It sales growth was mainly driven by 193 store openings since…
Fossil Group will double its Fossil wearables production this year to 300 new products, plus add new brands. Fossil Group has announced it will double its Fossil wearables production this year to an unmatched 300 new products, plus add new brands. New…
Luxury brands need to use new technologies and offer experiences for their customers, the second Luxury Society keynote event in Shanghai has been told. UCO Cosmetics CEO Arthur Zhang told the event that the early-stage eCommerce model of simply providing a…
What’s Michael Kors up to these days? The designer has been visiting Asia, where he celebrated the opening of his Singapore Mandarin Gallery flagship store. While there, he was presented a dendobrium orchid genus from Kirk Wagner, US Ambassador to the…
