Find in the news:
BY COUNTRY

Growth spurt at Michael Kors puts pressure on profit margin



Michael Kors, the American fashion brand, has seen a 54% increase in turnover during the past quarter.
This is attributable to a huge number of new stores opening and the brand increasing in popularity. However, profit margins have declines due to increased costs. The demand for the stores’ luxury watches and fashion accessories is increasing, both in its own stores and in American and European department stores.

Its first quarter turnover reached $917m (almost €675m) indicating an increase of 54%. The turnover in America increased by 43% to $739.97m, while the turnover in Europe increased by 125.3% to $164.65m. Turnover, on a like-for-like basis, grew by 26% (20.6% in the US, 62.7% in Europe). This is a 21% outperformance of the expectations by analysts, the tenth consecutive quarter where Michael Kors has improved on those expectations.

The negative side to this positive news is that the gross profit margin has declined slightly, both quarterly and annually, and the operational costs have increased slightly.

More about shopping malls in the USA



YESTERDAY, USA:
The company's goal is to open new stores, renovate existing ones, and develop online retailing.
YESTERDAY, USA:
Despite the gradual emergence from the lockdown, shopping malls continue to face significant challenges.
DAY BEFORE YESTERDAY, USA:
It plans to open about 40 such mini-stores in an area of about 50 square feet, which will sell the brand's goods.
DAY BEFORE YESTERDAY, USA:
The last of the closed Apple Stores in the U.S. was reopened the other day - it is located in Texas.
Mar 1, 2021, USA:
Filling your cart with items and leaving the site without making a purchase has become the post-pandemic equivalent of window gazing for young shoppers.
Feb 26, 2021, USA:
It will be the most significant expansion in Sephora's history, demonstrating its confidence in the retailer's future.
Friend
and Follow
Arkadia GLA:1 184 030 SF
ADDRESS: Aleja Jana Pawla II 82, 00-175
Poland . Warsaw
Arkadia
Mall of Scandinavia GLA:1 087 155 SF
ADDRESS: Evenemangsgatan 11 169 56 Solna
Sweden . Stockholm
Mall of Scandinavia
Cabot Circus GLA:990 280 SF
ADDRESS: Glass House, Bristol BS1 3BX
United Kingdom . Bristol
Cabot Circus
K in Lautern GLA:224 966 SF
ADDRESS: 67655 Kaiserslautern
Germany . Kaiserslautern
K in Lautern


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us