Fast-fashion retailer’s sales grow quickly
Posted August 15, 2012
Michael Kors Holdings Ltd. (New York) is reporting a 71 percent increase in revenue for its first fiscal quarter, The Wall Street Journal reports. The WSJ cites a growth of Michael Kors department store shop-in-shops and global expansion (the company opened new stores in Japan this year) for the spike in revenue. The company projects a 30 percent same-store sales growth for the current quarter.