Kors Posts Good News in First Quarter

Despite an overall slowing handbag market, lighter retail traffic and complaints of Kors oversaturation and discounting, Michael Kors posted positive–and better-than-expected–results in its fiscal 2016 first quarter ended June 27, 2015, driven by shoes and accessories. In a nutshell: Total revenue increased 7.3% to $986 million. Retail net sales increased 9.0% to $523.3 million driven […] The post Kors Posts Good News in First Quarter appeared first on Accessories Magazine.