Michael Kors will close 100 to 125 stores, joining a growing list of retailers who are shutting brick-and-mortar outlets as e-commerce grabs more market share. For the fourth quarter total revenue slumped 11.2 per cent.
US based Kors is a global handbag and apparel empire. Synonymous with luxury style and effortless polish, Michael Kors has a sophisticated, jet-set aesthetic.
Known for his laidback, luxurious, wearable and quintessentially American silhouette, designer Michael Kors started his label in 1981 and has dressed Hollywood actresses, music superstars and first ladies. Among them is Melania Trump. While some prominent designers have refused to dress her in opposition to her husband’s politics, Kors said the Slovenian-born former model had attended his runway shows in the past.
The label offers clothing, shoes, bags, jewelry, accessories, sunglasses and watches. Men can choose from tailored shirts, sweaters, vests, jackets, pants, wallets, card cases, messengers and totes.
For women there are fit and flare, sheath, or shift dresses, platforms, heels, wedges, clutches, earrings, bracelets, rings, necklaces. The shoes are polished and can be worn with skirts, pants, jeans.
Michael Kors menswear was launched in 2002, and two other lines, Michael and Kors, are now produced, offering a more affordable fashion collection as well as shoes and jeans.
