Michael Kors News
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Jennifer Prentice, a medical- equipment saleswoman in Minneapolis, once had no qualms about dropping $600 or more for Gucci purses. Now she spends $300 for Coach Inc. bags and is filling in her Burberry wardrobe with pieces from J. Crew.
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At a time when department stores are chopping themselves into mini-malls -- J.C. Penney Co. being the most prominent example -- Barneys is doing the opposite.
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Coach Inc., the largest U.S. luxury handbag maker, reported fiscal third-quarter profit that beat analysts’ estimates, helped by demand in North America, and said it may sell its Reed Krakoff brand. The shares jumped.
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Coach Inc. faces an upstart with momentum and brand recognition. His name is Michael Kors.
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VirnetX Holding Corp. said it filed a request for a new trial after losing a patent-infringement lawsuit against Cisco Systems Inc.
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Coach Inc.’s handbags and heels are offering buyers one of the biggest bargains among luxury brands.
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Related Cos. signed two tenants for the first tower of Hudson Yards, the 26-acre complex planned on Manhattan’s west side, and said it lined up financing for the project as construction advances.
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In 2003, fashion house Michael Kors Holdings Ltd. was struggling.
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U.S. stocks advanced, sending benchmark indexes to five-year highs, as earnings topped estimates and investors awaited President Barack Obama’s State of the Union address.
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Michael Kors Holdings Ltd., named for the designer who founded the company, rose to the highest price since its market debut after forecasting profit for fiscal 2013 more than double that reported a year earlier.
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