I do not expect you guys to follow stocks and the New York Stock Exchange, however, my father does, and this morning the men on the tv were talking about how the Michael Kors stock dropped 4%.
So what does this mean to you, the fashion buyer…
It means that Michael Kors may not be immune to sales and mark downs anymore. Their hand bags have been known to be found at TJMaxx and Marshalls, but those are also their last season bags, this news means that their new fashions might be going on sale racks sooner than their out of date fashions.
So while the New York Stock Exchange is boring to some…keep in mind, high fashion brands have stocks and they indicate how well the business is doing!