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May 27, 2015- The publicly traded luxury retail firm Michael Kors (Ticker KORS), reported earnings today, and the stock has fallen 24% intraday. For the year, the stock is down 40%.
Analysts explain the implosion as being caused by an overexpansion. The goods no longer have the exclusive luxury reputation.
This could explain why we see few people inside the Brookfield Place Kors store. Ed Hogan seems to have jumped off of this sinking ship at the right time.
Please post your comments on the shops.