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September 15, 2015- The once mighty fashion designer, Michael Kors, expanded too quickly and diluted his luxury appeal by selling low-end bags and other crap made in China. As a result, people stopped buying in droves.
The two-year stock chart of KORS shows a stock that is now worth half what it was two years ago. That is a loss of about $9 Billion in value.
The newly opened Kors in Brookfield Place is a microcosm of this imploding company. We have never seen a customer inside, ever, literally.