Back to Blog Home

Michael Kors to Shut Down at Least 100 Stores After Dismal Sales

dtran5 profile picture
June 01, 2017 · 2.9k Views

michael kors store

Michael Kors Store Canada by bargainmoose / Flickr

After experiencing a 14.1% drop in same-store sales at the end of the most recent quarter, Michael Kors has announced that it will shut down between 100 to 125 full-priced stores nationwide. This will be done in an effort to improve profitability and brand loyalty, as Neil Saunders, CEO, has claimed that many shoppers have abandoned the brand completely despite numerous efforts to re-establish their luxury brand name by decreasing promotional offers. 

lightbulb icon Are you a fan of Michael Kors and their great deals? So are we. Subscribe to know all the best sales and offers happening now.

Since last year, many large retailers have announced store closures nationwide for innumerable reasons - to focus on online sales, dropping numbers, and more. Just recently, we shared information on Sears and its additional store closures, as well as Macy's and its growing list of closing stores. The retail industry seems to be experiencing a great change in the way consumers shop, and we want to hear from you about your preferences - in-store or online?

amazon's first brick and mortar store in new york

adidas father's day giveaway


dtran5 profile picture
Daisy loves to write with humor and can be quite the sarcastic commentator when it is appropriate. Loves carbs, fashion, staying active, and pinning the latest DIY projects for her room (which she will actually never do).
Kohl's Stores Will Start Accepting Amazon Returns in October cover image
Kohl's has partnered with Amazon to accept returns in 82 stores across Los Angeles and Chicago. The service will start in October 2017, and Kohl's will be responsible for packing and shipping the returns to Amazon return centers. This is announced just a few short weeks after Kohl's shares that they plan to open Amazon boutiques in 10 of its stores.
20 Free or Cheap Things to Do This Fall cover image
Happy fall! It's the time of year where the air is filled with sweet, delicious scents of freshly baked pies and crisp air and the grounds are decorated with beautiful fall leaves. There are plenty of fun activities to do this season, and you don't even have to spend a cent on many of them. Check out these 20 free or cheap activities to do this fall!