michael kors outlet online
Luxury handbag maker Michael Kors (KORS) has long been a favorite of growth investors. Even in tough economic times, the michael kors outlet online company expanded sales with strong overseas growth and entries into new markets. Here are six reasons why shares of Michael Kors handbags outlet look like a buy at the moment. Handbags Despite being a leader in the handbag market, Michael Kors outlet store hasn't decided to stop there. Michael Kors (KORS) is taking on Louis Vuitton rivals and Tory Burch in the competitive handbags market. In March, the company began a new line of handbags at 170 North American locations. In the second half of the year, that line will expand to more stores. The new handbags are produced by Jimlar Corporation.
michael kors outlet store
China/Hong Kong GrowthIn the third quarter, Michael Kors outlet online store saw international sales increase 6% to $382 million. Adjusted for currency, michael kors outlet store sales would have increased 14%. The most significant contributor to this growth was China. Sales in China were up 40% in the third quarter and Michael Kors stores saw double digit same store sales growth in the region for the third quarter. Michael Kors also opened its 100th store in China during the third quarter. The region continues to be a huge growing opportunity for the company. The michael kors handbags outlet company remains on pace to generate $425 million in annual sales from China. This amount will continue to increase at double digit rates going forward. China and Hong Kong remain well positioned to capture tourism dollars and continue to see strong sales of luxury goods.
michael kors handbags outlet
Men's Market Michael Kors men's handbags continues to heat up. In the third quarter, michael kors bags for cheap reported a 7% increase in total sales. In that quarter, the michael kors handbags outlet company reported that it had gained traction in the men's and digital bags. With strong third quarter sales, the company is now on track to do annual sales of $600 million in its men's handbags. This represents growth of 50% from the prior year and puts the company is a good position to gain market share going forward as the brand catches on and gets re orders.