Michael Kors rose gold ring
Uncategorized / November 3, 2017

The big take away for me was that these analysts and others are as bullish on KORS for the longer-term as I am. They see the international opportunity as still being in the early innings and they view the handbag wars (which KORS is still winning) as only one battlefield they excel on.The Global Opportunity The $75 billion accessories category of the global luxury goods markets is the fastest-growing sub-sector of apparel. And this is 85% of KORS current sales.Management sees the potential for 700 stores internationally, including 400 in North America (currently 288), 200 in Europe (80), and 100 in Japan (37), with potential to eventually acquire licensed Asian geographies. KORS plans to add 110 stores in F2015, including 45 in North America, 55 in Europe, and 10 in Japan. According to GuruFocus.com, “KORS opened 7 stores in the Asia-Pacific region, bringing the total count to 94 stores, including a new flagship store in China. Management expects around 200 retail locations in the Asia-Pacific region. Kors also opened two stores in Brazil, expanding its presence in Latin America. The company currently has seven locations in Latin America and expects it can support 40 retail locations over the next several…