See details at Biz Jouranls here:
http://www.bizjournals.com/phoenix/news/2017/05/31/retail-ice-age-see-where-michael-kors-could-be.html
Fashion designer Michael Kors Holdings Ltd. has joined the list of retailers hit by an industry ice age spurred by secular changes in shopping and e-commerce dominated by Amazon.com Inc.
The Michael Kors store at Chandler Fashion Center
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The Michael Kors store at Chandler Fashion Center
MIKE SUNNUCKS
Michael Kors (NYSE: KORS) announced it is closing 100 to 125 stores over the next two years. That was after reporting losses and disappointing sales and earnings.