A retail analyst at ITG Investment Research stated bluntly, "Michael Kors customers are becoming Kors customers." While Kors continues to grow at rapid rates, Michael Kors continues to struggle mightily. The company's most recent third-quarter report saw net sales decline 7%. In particular, North American sales for michael kors cheap outlet Michael Kors decreased 18%, which is in stark contrast to Kors, which saw North American sales increase a staggering 43% in its most recent quarter. A cause for concern?While there is no indication yet michael kors coin purse that consumers have started to migrate away from the Michael Kors brand, investors have to consider how dependent a company like Kors is on staying popular among consumers.

Michael Kors is one of America's leading michael kors hamilton tote black luxury designers, mainly known for its handbags and accessories, with over 500 stores in North America. The company also has over 400 stores in the Asia/Pacific and a handful in Europe, which does not michael kors on sale include its e-commerce channels. In total, Michael Kors is a company with nearly $5 billion in 12-month revenue and a market capitalization of $10.75 billion.Yet despite its large presence, Michael Kors's stock has fallen michael kors outlet online 30% this year and found itself further pressured on Wednesday after Sterne Agee issued a downbeat note. The investment firm took the rating of Michael Kors down to Neutral from Buy, and lowered its http://www.michaelkorsoutletonlinesaleshop.com price target by $10 to $41. According to the analyst, the company's sales visibility remains low and any potential for a turnaround is too far away .Clearly, Michael Kors has had a rough year, michael kors sale and the Sterne Agee downgrade is just one of many in the last five months. The problem for Michael Kors is that its competitors such as Michael Kors and Kate Spade have come out michael kors puffer jacket with better selections for the last few seasons that have grown more popular with consumers who seek luxury bags.

Attractive global market and international operations continues to be a bright spot.Michael Kors operates in an michael kors outlet online sale attractive global market of mens and womens bags and accessories. Today, it's a $35 billion market, expected to exceed $50 billion by 2018. International markets represent 30% of the company's sales. Outside of North michael kors handbags America, the two largest markets for Michael Kors are China and Japan. Despite weakness in North America, the international business continues to be solid for Michael Kors, with over 50% of incremental growth set black friday sales to come from international markets over the next five years. The premium handbag and accessories market in Greater China and South East Asia is a $9 billion market combined, growing at 12% and 8%, about michael kors respectively. The opportunity in China, along with the expansion of the US men's business and the focus on Europe, gives Michael Kors early-stage growth stories to go with its mature domestic operations.

According to Michael michael kors Kors CEO Victor Lewis, a multi-year turnaround is under way, and he says, "As michael kors cyber monday deals 2014 our journey progresses, we have confidence in our vision of becoming a global lifestyle brand ." Yet much like consumers, investors are skeptical, as the company banks on new creative director Stuart Vevers to revive the 70-year old brand .Unfortunately, fashion is an industry where it's hard to catch up when you're already behind, as it remains michael kors outlet a space where the best companies stay ahead of trends. While Lewis is a good hire, Sterne Agee is correct in implying that the road toward a turnaround is long, and unfortunately investors are michael kors hamilton often impatient.