The Traderszone Network

Published in TZ Latest News 1 June, 2017 by The TZ Newswire Staff

Michael Kors will shut at least 100 stores

Michael Kors announced it will close between 100 and 125 stores over the next two years, in yet another nod to the weakening retail market. “Our product and store experience did not sufficiently engage and excite consumers,” CEO John Idol said Wednesday. The company is down to 614 full-price stores as of April 1, from 800 stores at the end of 2016. Stocks in the company fell 10 percent to their lowest point in more […]

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