Going forward, the company is very optimistic about its unisex Legacy lifestyle collection, men's-only stores, and international growth opportunities as macroeconomic conditions improve. G-III Apparel (NASDAQ: GIII ) is another Kors competitor. It has a strong portfolio of 30 licensed brands, marketing apparel, outerwear, beachwear, luggage, women's handbags, small leather goods and accessories, to name a few items. The company sells its offerings of apparel under popular brand names like Andrew Marc, Jessica Howard, Calvin Klein, Levi's, Tommy Hilfiger and more. G-III recently announced that it would be joining hands with MLB to revive the Starter Statin jacket franchise.G-III is also looking at acquisitions and mergers as a route to diversify for the future. But one of the biggest risks with investing in G-III is that 63.7% of its 2013 revenue came from its 10 largest customers. For example, Macy's provided 16.8% of G-III's sales in fiscal 2010, which increased to 18.7% in 2012 and now accounts for one fifth of revenue. Conclusion Michael Kors has performed well, and the company has room to grow further as there is a lot of best site opportunity in the fashion retail market. Also, the company is trying to move into the space of competitors such as Coach in China, which is expected to be a high-growth region going forward.
Michael Kors likes diverse models
So why not do that in beauty and fragrance form?" The Kors line includes lipsticks and glosses, nail lacquers and bronzing powders, but notably missing are eye makeup and foundation. "I was really focused on the different moods a woman experiences during the day and how, just like she'd change her clothes, she should be able to change her makeup and fragrance," Kors says. "Your concealer isn't going to change. But your lip color, your nails those are more 'fashion' beauty. They instantly show off Michael Kors your personality and your mood. They help you express yourself. They're the fun part." Highlighting that healthy bronzed glow that Kors is known for, self-tanner, after-sun products, shimmery dry oil spray and shimmer bath beads round out the collection. These build on his cult product, the Michael Kors Leg Shine bronzing stick, which launched in 2002. "Who doesn't want great legs?" Kors says.
Michael Kors Sues Costco for Alleged Bait-and-Switch Scheme
"I like the idea of models that can be chameleons. I don't like it when the models all look the same. To me, it's so incredibly boring to turn them into mannequins, it's so much more interesting if we have different ages, ethnicities, body types, heights," vogue.co.uk quoted Kors as saying. "We run the gamut from Frankie Rayder who's in her late thirties and Karen Elson, to girls that are just starting out who are 17; we go from the fairest of the fair to the darkest complexions," he added. IANS
Michael Kors Loves Diversity On The Runway And We'd Like To See More
The lawsuit, filed last week in New York, claims that Costco sent an email blast for Mothers Day showing pictures of Michael Kors bags that advertised the designer purses for as low as $99, even though the Issaquah, Wash.-based wholesaler is not authorized to sell the merchandise. The lawsuit seeks a halt to the ads, along with unspecified damages. Michael Kors bags can range anywhere from $178 to $1,395, according to a search of handbags on the company website. Its Michael Kors decision if it wants to go down to a lower price point at a store where youre allowed to buy a jumbo-sized toilet paper before you buy its luxury bag, Business Insider reporter Laura Stampler told ABC News. So it doesnt necessarily want to make that leap down yet. Michael Kors sent its officials to 19 Costco stores and they found no products from the designer on shelves or the wholesalers website, according to the complaint. Costco declined to comment on the accusations. Michael Kors Holdings did not respond to ABC News request for comment. Founder Michael Kors now owns only a small percentage of the publicly traded company (NYSE: KORS). Tiffany & Co. took Costco to court earlier this year for allegedly misleading customers into thinking its signature diamond rings were from the iconic jewelry store.
Michael Kors: Retail's next billion-dollar man
michael.kors.top.jpg And let's not even mention his super homogenous (aka white) ad campaigns . But we have high hopes that Kors will start practicing what he preaches. Especially since the former "Project Runway" judge revealed to Vogue UK that he's a fan of one of our favorite black models. "There's a girl called Malaika Firth who I think is gorgeous - she's just amazing." Agreed. Firth is the African-born stunner who stole our hearts after becoming Prada's first black campaign model since 1994. So, could there be a Kors campaign in her future?
Michael Kors introduces mood-matching cosmetics line
For the past few years his business has been growing rapidly. After impressive department store expansion (in some of the hundreds of department stores in which his brands are sold, he's in as many as five separate departments), he is in the midst of a massive rollout of his own retail stores. As a sassy, quip-happy judge on the wildly successful "Project Runway" reality show, now in its eighth season, Kors has become a household name. Last year Michelle Obama chose a Kors-designed black sleeveless sheath for her official White House portrait. Perhaps most important, his stuff is selling: Whether it's hit accessories like his oversize chronograph watch, his classic shift dresses, or his wide range of handbags -- sold in his own stores or in department stores -- Kors is hot. In the fickle fashion world, that would be impressive in any climate. That it has been happening in the wake of an epic, gut-wrenching recession is all the more remarkable.