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



DAY BEFORE YESTERDAY, China:
A Chinese holiday in which people travel abroad brought shoppers to The Dubai Mall.
Oct 18, 2018, United Kingdom:
The retailer announced the cessation of operating activities in three markets at once.
Oct 16, 2018:
Sears plans to close by the end of the year 142 retail properties in addition to the previously closed 46.
Oct 5, 2018, USA:
Fashion retailer set to open at four properties, further diversifying their mix of offerings and bringing new concepts.
Oct 1, 2018, USA:
There is a new pop-up store to be opened to the public inside City Point Shopping Complex.
Sep 27, 2018, Sweden:
Mölndal Galleria opens today and it's the first new shopping center in the Greater Gothenburg in over 12 years.
Friend
and Follow
Mall of Scandinavia GLA:1 087 155 SF
ADDRESS: Evenemangsgatan 11 169 56 Solna
Sweden . Stockholm
Mall of Scandinavia
Asheville Outlets GLA:325 000 SF
ADDRESS: 800 Brevard Road, Asheville, NC 28806
USA . Asheville
Asheville Outlets
Adigeo GLA:452 084 SF
ADDRESS: Verona city center
Italy . Verona
Adigeo
Aviapark GLA:2 475 699 SF
ADDRESS: ul. Aviakonstruktora Mikoyana, 10
Russia . Moscow region
Aviapark


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