news of Michael Kors

Michael Kors is bringing more excitement to the category where people are buying new handbags, instead of other items like clothing,” Citi analyst Oliver Chen told Reuters.

Designer Michael Kors launched his brand 30 years ago as a luxury sportswear house. Michael Kors Outlet
The company now makes pyramid-studded Saffiano leather handbags, watches and apparel worn by first lady Michelle Obama and celebrities including Jennifer Lopez.

Michael Kors raised $944 million in its initial public offering just over a year ago, one of the biggest ever listings by a U.S. fashion company. The company now has a market capitalization of $12.6 billion.Michael Kors Circle Logo & Zip Leather Satchel White

Michael Kors Circle Logo & Zip Leather Satchel White

Kors, well-known for his work as a judge on the long-running television fashion show “Project Runway”, held a 3.7 percent stake in the company as of December 31. At today’s share price, this stake would be worth around $466 million.

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The company, which reported third-quarter results that comfortably beat Wall Street estimates, said the addition of new stores and the conversion of department store premises into branded “shop-in-shops” had drawn in more customers.

A shop-in-shop is a mini-store within a larger department store that houses similar products. In total, there were 388 Michael Kors stores worldwide at the end of the third quarter, the company said.

“It’s the big opportunity for Michael Kors, growing stores, as that means a lot of runway for them to grow for at least two or three more years,” said Chen.

Comparable-store sales rose 41 percent in North America in the October-December holiday quarter, while larger rival Coach said last month same-store sales fell 2 percent in North America, only its third decrease in 11 years.Michael Kors Bags

“They (Michael Kors) are gaining market share from Coach, but it’s not only Coach – it’s also the little guys that are getting squeezed in a highly competitive market,” Morningstar analyst Paul Swinand said.

the introduction of Michael Kors

In the fashion world, high-profile brand has its noisy and bright pomp, but low-key is upheld in a low-key fun, each have their own surprises. The Italian brand Tod” s family’s Hogan is the latter, Michael Kors Outlet
although only twenty years of history, it has already successfully established itself as the brand name of the column of high-quality leather.The new push rattle theme series, is believed to have become the favorite prey of the ladies this season, just the opening of the new store, Kowloon, Hong Kong, to further meet the brand “fans”.

Michael Kors Large Logo Leather Satchel Gold

Michael Kors three different series of brand Michael Kors Kors and Michael Michael Kors as the main designers of accessories design industry (including handbags, shoes, sunglasses, watches and jewelry), Michael Kors Outlet Online
Michael Kors New York office found, the garment industry appears far far beyond their present condition and the explosive growth. As of the end of 2011, high Secretary Michael Kors Michael has more than 230 stores in 74 countries around the world, in the most fascinating cities in the world, also has its flagship store, including New York, London, Paris, Tokyo and Hong Kong.

Michael Kors has been the winner of numerous industry awards, including Best Women’s Designer of the Council of Fashion Designers (CFDA) awarded the 1999 annual best menswear designer of the year 2003.Michael Kors Bags
Kors was awarded in 2006 Accessories Association ACE Designer of the Year Award in 2009 by the international fashion award granted by the Group in its annual Starlight Award Night Star. Kors get recognized by the CFDA in 2010, and won their most prestigious “Lifetime Achievement Award” – nominated by Anna Wintour, editor-in-chief of American Vogue fashion. In 2011, he also received the Courage Award from the Foundation for AIDS Research (amfAR). In addition to these achievements, since 2004, Kors also served as the Emmy Award-winning TV reality show “Project Runway” judges, internationally renowned.