Michael Kors and other luxury brands recalibrate by returning to their more luxurious roots
Sarah Halzack
(Bloomberg Gadfly)—It’s taken a while, but big American labels finally seem to get it: If you want to be a luxury brand, then you have to act like one. Michael Kors Holdings Ltd., No. 328 in the Internet Retailer 2017 Top 500, reported Monday that gross profit rose 7.2% in the latest quarter from a […]