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It owes a debt to a few other nice-looking handbags, to be sure. Lewis compares Michael Kors to Tommy Hilfiger, which reached its peak in the late ’90s. In reworking them to accommodate the components that make a watch smart, Michael Kors had to make the cases bigger.
Using online shopping though auctions allows you to compete for handbags, but not have to see whom you are competing against. For the man in your life you can choose from Men’s Wallets and Messenger Bags. The brand is the go-to make for celebs like Kate Moss, Beyonce – and even our very own royal fashionista, Kate Middleton.
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Investors cast aside shares of Michael Kors like an out-of-date handbag after the fashion retailer reported weak full-year guidance and its first quarterly sales decline since its public debut five years ago. Nevertheless, the company projected a dip in revenue for full fiscal year 2017 — an estimated $4.55bn, compared with $4.7bn in 2016 — and comparable store sales to decrease in the mid-single digit range.
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With the ever changing fashion, new trends of jackets are crowding the market and it would rarely take you a month to catch a glance at a new one. Michael Kors’ decline is affecting large department stores like Macy’s ; many believe the brand’s time has passed because it got too popular, and it’s name no longer holds the same value.
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