Rocketing demand for Michael Kors bags - leatherbiz: Leading news site Leatherbiz

News

Rocketing demand for Michael Kors bags

07/11/2013
Michael Kors reported a 40% rise in quarterly revenue $740.3 million and said it would open 100 stores next year as demand for its leather bags shows no signs of slowing.

The US brand is one of the fastest-growing companies in the "affordable luxury" segments, with its leather bags priced between $200 and $3,000.

"By driving a frequent flow of new and innovative products through its own stores and wholesale shops, the company is generating consumer excitement in a way we've never seen in the luxury accessories category," said Omar Saad, an analyst at research firm ISI Group.




Related stories:

Michael Kors reports increased revenues, pushes into China 02/06/2016
Bags and shoes drive better-than-expected growth at Michael Kors 07/08/2015
Michael Kors to grow footwear as it reports 32% revenue leap 29/05/2015
Talent will be key to growth, says Michael Kors 18/09/2014
Mid-priced leathergoods help Kors steal a march on Coach 29/05/2014

Leatherbiz.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.