Who really cares about this anymore, unless you're an investor or have an over abundance of discretionary income... Just more of the same, glad the rich just keep on getting richer while everyone else lives with no safety net. Life in this country is a pathetic mess.
5
Think I'll stick to Dansko for less than $200/pair...
1
The people who really care about this are the people who are the problem.
7
The recent article about rioting Indian mades comes to mind.
1
Big loss for humanity, let's give the one percent more tax cuts to compensate for this life style atrocity.
1
Say what you want about MK, some may find it distasteful or mass market, but they have gone against all tides and stayed relevant as a beautifully managed middle market brand. Don't look at the handbag, look at how many people are proud to carry an MK handbag, clutch, or accessory. There is the money.
I'd rather lower and middle class people cherish an MK bag than buy 30-40 cheap bags they only mildly care for. Luxury at any level reduces waste. Go on, MK.
I'd rather lower and middle class people cherish an MK bag than buy 30-40 cheap bags they only mildly care for. Luxury at any level reduces waste. Go on, MK.
6
The free market in the US is shrinking by the day. As basic costs of living rise and wages continue to stagnate, there are fewer and fewer people in the middle with discretionary income for designer handbags and shoes. Also, Michael Kors prices have gone up but similar to Coach has not really offered anything unique in a long time. Seems like every year almost the same few styles, maybe a few different color options. And Kors will likely find out that the ultra luxury market is not that easy to crack into. The women who pay a few hundred for a handbag and the women who pay thousands and are on waiting lists for special pieces live in totally different worlds and have different expectations from retailers.
10
Just another example of the ripple effect of the loss of a middle class in our society has.
13
Who cares????
These brands are just smoke and mirrors for a hedge fund to suck money from a status seeking fashionista.
There is no real artist left behind these labels. Its all a con!
Geez, and MK? The worst of them all!
These brands are just smoke and mirrors for a hedge fund to suck money from a status seeking fashionista.
There is no real artist left behind these labels. Its all a con!
Geez, and MK? The worst of them all!
25
Michael Kors is subpar to Jimmy Choo, so I bet the quality and style of Jimmy Choo shoes will suffer.
16
They don't have very far to go!
1
All you staid and timid economists and class obsessed Republicans take note.
This is where your mindless subservience to the very wealthy is taking you.
A first fashionable tremor. Small enough and easy to ignore.
But when you gut the middle class, and make life impossible for those below that your lives will hollow out as well. Your wealth, taken to the obscene extremes of today, will be a curse on your existence.
Time to balance things out. Invest in your country and your communities, the people and their welfare, for you own sakes.
This is where your mindless subservience to the very wealthy is taking you.
A first fashionable tremor. Small enough and easy to ignore.
But when you gut the middle class, and make life impossible for those below that your lives will hollow out as well. Your wealth, taken to the obscene extremes of today, will be a curse on your existence.
Time to balance things out. Invest in your country and your communities, the people and their welfare, for you own sakes.
12
So far, MK designs have usually been imitations of upscale brands. Will be interesting to see what happens to the Choo aura.
9
If Kors buys Choo does that mean that women around the world are wearing the wrong shoes? How awful for them!
7
I do not care about this. I am much more interested in shoe companies that give shoes to the needy, like TOMS.
4
Not so great what TOMS is doing. By giving away free shoes they prevent the industry from developing in those countries. Better to help their economies by helping to develop the trade.
15
You might want to watch the show Adam Ruins Everything.
As industries consolidates and brands swallow each other - all in the name of "shareholder value" - life gets less and less interesting. The market lacks real diversity and as commenter Bruce Savin mentioned below, designers used to be artists. Their brands expressed their artistic vision.
Consolidation is boring. It reduces product and service quality and certainly does not deliver the "shareholder value" business gurus claim it does. It's all about cost-cutting. Consumers certainly don't see the efficiencies and unless you've got $5million or more wrapped up in the market, you're not a "shareholder" that's seeing any value.
It's all a game. Shame on Michael Kors and shame on Jimmy Choo for selling out. Add real consumer value instead of simply getting wealthier.
Consolidation is boring. It reduces product and service quality and certainly does not deliver the "shareholder value" business gurus claim it does. It's all about cost-cutting. Consumers certainly don't see the efficiencies and unless you've got $5million or more wrapped up in the market, you're not a "shareholder" that's seeing any value.
It's all a game. Shame on Michael Kors and shame on Jimmy Choo for selling out. Add real consumer value instead of simply getting wealthier.
15
As income inequality deepens and the middle class get decimated, there will be no more middle market - only the very high-end and the very low-end survives in a world where CEOs bring home multi-million dollar packages and workers get minimum income.
28
Halston, Yves St. Laurent, Valentino, Marc Bohan for Dior, Gianni Versace, Giorgio Armani, Stephen Burrows - were all artist. Today's fashion is about the marketing of brands and developing labels with little or no emphasis on the inspiration derived from true artistry. It's a bit like putting the cart before the horse.
34
I'm am/was a shoe-aholic (who bought only at the end of the big sale seasons - actually got a pair of PRADA for $35.00 NEW about 15 years ago) and have found over the past decade that the quality of high-end shoes is terrible - no support in the sole and the soles and heels of the shoes must be replaced shortly after purchase if you wear them on anything but carpeting. And the clownish styles and heels! Also, the prices are outrageous for such garbage - during season between $600-$1,200 a pair! I discovered that my "collection" is now only of my older shoes that were made with quality and style and have held up with only occasional minor "fixes."
24
They can name it KorChoo. Gesundheit.
56
I so needed that after seeing Goldman Sachs, J.P. Morgan, Bank of America Merrill Lynch (no comma) and Citigroup in one written line. Thank you!
7