#john idol

MICHAEL KORS TO STOP RETAIL STORES EXPANSION in US (via BoF)

Michael Kors, the handbag seller, faces the age-old retail question: can you have too many stores? It thinks it has the answer.

Business of Fashion reports today that while Michael Kors had set out to blanket North America in its glossy white boutiques when it went public in 2011 after four years and nearly 200 stores later, the handbag seller has said: Enough.

“We’ll open a few more stores, and…

Apple Watch is already hurting the traditional watch market

“There are signs that some consumers are holding off buying other timepieces, analysts said,” Lisa Fickenscher reports for The New York Post.

Fossil Group, which makes watches for Michael Kors, Tory Burch, DKNY and other big designers, reported a 7 percent decline in revenues in the first quarter, to $725 million,” Fickenscher reports. “Michael Kors, for one, is feeling some pain. ‘Our…