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Jun 23rd, 2015 by admin | 0

Here Are 3 Reasons
cheap Michael Kors handbags The Company Is In Trouble COH

North American sales plunged 19% and international
Michael Kors handbags sales rose just 4%. The company also reported a 9.6% decline
fake Michael Kors in third quarter revenue to $1 billion.

Here’s why the company is in trouble:

"For both the quarter and the year, our women’s handbag and accessory business was challenged, facing both increased competition and intensified promotional activity," Coach CEO Victor Luis said on a call with analysts in August.

2. The company just posted its slowest quarterly sales
Michael Kors handbags outlet growth in China in two years.

China sales grew 10% in the first quarter, down from 20% in the previous quarter. The company has been counting
cheap Michael Kors on China to offset its losses in North America.

Meanwhile, sales in Japan dropped 12% over last year, marking the eighth straight quarter of declines.

"There’s some concern about the slowdown in China, as well as the Japan business, which continues to get weaker," Brian Yarbrough, an analyst with
cheap Michael Kors handbags outlet Edward Jones Co., told Bloomberg.

3. The company cannibalized its more upscale, full price products by aggressively expanding its discount outlets.

Industry expert Robin Lewis estimates that Coach gets about 70% of its revenues from discount stores.

"Once a brand is declared as too accessible and overexposed by its
michael kors handbags outlet loyal customers, no amount of fashion trickery will bring it back," Lewis writes on his blog.Articles Connexes：

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