Luxury designer Michael Kors has 2 local stores here in Sacramento, (one at Arden fair and one at Roseville Galleria) but the company is closing up to 125 stores by the end of the year. See why…
BizJournals.com says that the company just posted a $26.8 million net loss and their chairman says that the reason why was: “a difficult retail environment with elevated promotional levels.”
The news is coming at shock to a lot of Michael Kors fans and it’s unknown which of the locations will be closing.
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