Michael Kors Handbag Sales
When it comes to designer leather bags, the label Michael Kors is a top pick for polished looks. However, the coveted pieces often come with a hefty price tag that can make them out of reach for many fashionistas. Fortunately, there are times when the brand releases markdowns on its collection of chic purses and tote bags. Whether you’re looking for a bag to dress up your wardrobe or a gift to give to someone special, keep an eye out for Michael Kors handbag sales to find a stylish option that won’t break the bank.
The American designer has become a household name thanks to his chic ready-to-wear and accessories line. His signature aviator sunglasses and $398 crossbody tote bags are a staple of the jet-set luxury style. However, as the brand has grown and expanded since its 2011 IPO, some investors are starting to question its future. On a conference call with shareholders on Thursday, CEO John Idol acknowledged that the company has “a bit of an ubiquity problem,” which is hurting growth. When trendy customers see the same items that they’d seen on every other fashionable Instagrammer, they may start to snub the brand in favor of something that feels more unique.
Amid the ubiquity issue, the brand is working to diversify its offerings and expand into new categories. It is also experimenting with the use of more exotic materials and is testing out different silhouettes in an effort to stay ahead of its competition.
While these changes are encouraging, they can’t change the fact that the company’s bottom line has been impacted by a slowdown in comparable sales. In the first eight months of this year, Kors’s comparable sales were down more than 20% compared to the same period three years ago, according to research firm NPD Group. Part of the decline is due to the rise of resale marketplaces such as The Real Real and Rebag, which offer discounted high-end designer bags. The other part is because the appeal of flashing a designer purse has lost some of its luster, with consumers seeking out more practical and functional alternatives to their designer pieces.
Although the brand has been able to increase its revenue and earnings over the last few quarters, it is still struggling to meet projections and the stock has been declining in recent weeks. As the company struggles to grow its market share and remain competitive, it will need to offer more sales on its bags in order to maintain profitability and growth.
While shoppers can typically expect to find Michael Kors handbags on sale during big retail events like Black Friday, it’s worth keeping an eye out for other sales throughout the year. For example, the outlet shop at the company’s stores and on its website offers significantly discounted items year-round. Signing up for the company’s email newsletter or following them on social media can help you stay informed about upcoming outlet promotions. michael kors handbag sales