On 7-19 to 7-20-14 I again visited our malls with Kors and Coach in close proximity both stores were very DEAD when there was high customer traffic in the malls on both this past Saturday and Sunday! I spent hours making observations between 1 to 6 pm...
Kprs simply changed the reporting date so they would not report on the same day and time as Coach , Have a look at Coh reporting date and time....
Kors simply changed the reporting date so they would not report on the same day and time as Coach , Have a look at Coh reporting date and time.
They will likely paint as rosy of a picture as they can, may even lie. As normal for company Execs they usually won't tell the truth till the very latest time so the smart money can dump before the common money! I see their mall stores looking very empty during high mall traffic times these past few months (I don't mean the outlet discount malls)! I see some people at their outlet stores in the discount malls, less than last year and that's about it these days now!!! It seems after their stores pass the Newness Phase traffic falls off very fast , probably the same will happen with over seas stores if they are strong now!
8-2-2014 I visited our local large malls to Check on the Kors situation. The full priced kors stores in both malls were dead, lots of people in the mall at the time, the Kors merchandise in the department stores was just sitting there and no one appeared interested in it. I also visited the outlet mall where there's a kors and the sign in the window said up to 50% off and there were some people in there. Seems like the Michael Kors merchandise is largely everywhere but no one wants to pay full price for it anymore. Same and worse for Coach too by the way.... These are fast becoming discount brands!
Pow Wam Bam Thank You Mam Told You So in Advance too!
I noticed in my area the KORS Full Priced Stores are actually Competing With KORS OUTLET Stores, STUPID Move! There is an outlet store at an outlet mall 15 miles away from the big city mall where there is also a KORS . The City Mall store is DEAD, hardly anyone going in at high mall traffic times, go over to the outlet discount mall and that appears to be where the actual buying is occurring.. Not as busy either at the outlet as last year the way it appears to me by the way.
In El Paso Texas the Kors store in a major mall here is now very dead when other stores in that same mall are very busy. 15 miles away in an outlet outdoor mall known for discounts there is another Kors store, sign in the window says up to 50% off and that store gets customers in it when that outlet mall is busy. Last year this time both Kors stores were busy now they seem to only want to buy at the outlet store . Outlet malls here in the USA are know to be a source of discounts overall.
If you think about it Kors has at least two BIG Competitors and maybe more , Those are: THEMSELVES (KORS outlet stores competing against their regular full priced mall stores) and they set themselves up to be in HEAD TO HEAD COMPETITION With Coach!! Everywhere I see a KORS Store or Outlet I also see a Coach Store or Outlet!! For a brand to be considered exclusive and to be able to maintain high profit margins KORS sure set themselves up in a very STUPID and BAD WAY!!!!
On 8-9-14 I checked out the Kors handbag section in Macy's at a major mall. There were massive amounts of Kors Handbags in that department. There were these signs Macy's uses to say you get a discount when you apply for a Macy's card. I noticed those signs were everywhere and I mean everywhere around the Kors handbag section, more so than normal. I noticed in the Kors clothing section all, I mean all Kors womens clothing was 40% off. Today I also see that Macy's missed their earnings target.
On 8-9-14 I visited a very major mall and saw the Coach Store Dead When Very Extreme Mall Traffic was occurring For No Sales Tax Weekend. I stayed at the mall for hours and made multiple passes by Coach to be sure I was getting it right. At the most there were only 2 people in their store but that was rare because believe it or not there were usually no customers at all in there! This store had Bags, shoes, sunglasses in it.
The Kors Camouflage bags and high heal shoes look like a BIG FLOP by the way... What a clever design , NOT!
Kors Pushed A Lot of Merchandise Into Dept Stores probably to boost quarterly earnings , Now It Is Sitting There Some Being Discounted. Macy's appears to have a lot of it. I saw little interest in the Kors Bags on Saturday and The woman's clothing was all 40% off. Some womens hand bags were discounted also.
KORS Design Big Flop Coming With The Camouflage Handbags And Shoes. By observing what women are wearing in the malls and what they are looking at I see no interest in the Camouflage design Kors is using for some handbags and womens shoes. It seems almost funny to think of where they got such a design idea? WHAT ARE THEY THINKING??????
see google trends website and put Michael Kors dot C00m in the term box.
Search youtube for this Michael Kors: Popular or Overexposed? and watch the video.
No it is true because most buyers will search for Michaelkorsdotcom and not just the name Michael Kors. You see there are a lot of mentions of Michael Kors from financial people in the investment community and if you just search the name Michael Kors you pick all that up also. Now if you put it in as Michaelkorsdotcom (i have to write it this way here because the message board doe not allow websites written as they are but you get how to do it) then you are much more likely to be graphing the actual amount of people looking to buy from the Kors website and that trend is quickly CRASHING DOWN!
You'rev very wrong because if you use just the name Michael Kors you pick up every time the name is mentioned by all the finance news also. If you want to specifically look at buyer interest you have to use dotcom as a part of it. In fact to validate what I'm telling you it can be tried with other retailers like say coachdotcom or katespadedotcom or many others!
By the way even just searching the name "Michael Kors" without the dot c0m doesn't look so good on the trend either if you select the search area as the USA. You would likely be looking more at buyer interest if you used michaelkorsdotc0m and exclude the name being mentioned in the financial news and see a more accurate picture of the actual demand for Kors products by people going to their website, the google trends graph is CRASHING FOR THAT!