Leathergoods brand Michael Kors suffered a 4.6% drop in sales during the 2016/17 financial year, prompting it to announce at least 100 store closures in the next two years. Total revenue for the year was $4.49 billion, on which it made a net profit of $552.5 million, 34.2% down on the previous 12-month period. This came after a disappointing end ...

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