Thread regarding Michael Kors Holdings Ltd. layoffs

Michael Kors to reduce work force

Things are not looking good for MK for several reasons. The brand is losing it's luster as it is accessible to the masses. My cleaning lady carries MK. Business in the low end of luxury is slowing as millennials shift spending habits. Then there is the competition with Coach making a come back and Kate Spade on the rise. This makes the business of affordable luxury more challenging. Michael Kors will continue to layoff it's staff as their brand decays.

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Post ID: @OP+IsdGyDM

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Kors watches were cool 4 years ago. Now they look like cheap knock offs. They like so copy every lux brand.

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Post ID: @7amr+IsdGyDM

My teenage daughters were in to MK for about a year before they upgraded. Now they won't be seen in MK.

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Post ID: @1hxp+IsdGyDM

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