Style Scoop: Michael Kors Makes Bank, Morena Baccarins Heart is on Fire, Manolo Laces Up for Lond

Michael Kors Sues Costco Over Ads

You are signed up to receive our weekly style newsletter with the latest in fashion trends and beauty tips. Style Scoop: Michael Kors Makes Bank, Morena Baccarins Heart is on Fire, Manolo Laces Up for London By Angel Lenise August 07,2013 What exactly qualifies Michael Kors as the best-performing I.P.O of 2012 ? An 82 percent increase in profit! Michael Kors namesake has earned a net income of $125 million this quarter, up from $68.6 million this same time last year. Its growth that chairman and CEOJohn Idol attributes to fashion design leadership combined with anaspirational jet-set luxury in-store experience, which makes sense considering we all just want to be like Mike. [ Racked ] Hearts of Fire jewelry is now being fronted by a celebrity face. Emmy-nominated actress Morena Baccarin is the first A-lister to lend her likeness to the fine jewelry brand, a decision thatCaryl Capeci, vice president of marketing, attributes to her authenticity and passion, coupled with a great sense of self and a timeless, sophisticated approach to style.[ The Hollywood Reporter ] Shoe designer Manolo Blahnik says his sole is set on London.

POPULAR ACCESSORIES Chen, the Citi analyst, said that Michael Kors' popularity as a brand allowed the company to be more flexible in pricing than its rivals. He said its focus on smaller handbags and accessories also presented a particular challenge to Coach. Michael Kors Chief Executive John Idol said there was strong demand for luxury items in the third quarter Michael Kors Outlet from Europe and North America. He said he expected the global luxury market to keep growing at the same pace, without specifying a timeframe. The Luxury Goods Worldwide Market Study of 2012 estimated that the global luxury goods market would grow to between $314 billion and $327 billion in 2015 from $251 billion in 2011. The lure of a new brand in the market has also driven growth for Michael Kors in the relatively weak European market. Comparable-store sales in Europe rose 58 percent in the third quarter, the company said. "Their fashion angle is quite attractive and I feel Europeans respond to the fashion credibility that Michael Kors has," Chen said.

Michael Kors Lifts Full-Year Guidance As Q1 Blasts Views

That would be the slowest pace for both sales and profits the company has seen since its December 2011 IPO. ViewEnlargedImage But analysts are still upbeat about the quarter. Kors has consistently topped quarterly sales and earnings forecasts since its IPO. And this quarter will likely be no different, say two analysts. "My expectations are for a beat on sales and earnings," said William Blair & Co. analyst Amy Noblin. "The question is the magnitude." What gives Noblin confidence in the quarter are her wholesale and retail channel checks, which show the brand continues to see strong "sell-through" at full price and minimal markdowns, she says. "The brand momentum remains strong," she said. "The brand is hot. They've got the products the consumer wants." The growth drivers: Kors is aggressively expanding its store base and converting wholesale locations into "shop-in-shops," which results in a big lift in productivity, she says.

Michael Kors Holdings Accuses Costco of Bait and Switch

Coach's North American outlet business has grown to 60% of its retail sales in the region from about 30% in fiscal 2006, a trend that risks "over-democratization" of the brand's aspirational image. The Pre-Fall Collections: A Guide June 21, 2013 02:04 p.m. Just entering stores, the oddly named pre-fall collections are chock-full of great clothes to buy now and wear when weather-appropriate. Subscriber Content Sears Would Really Like to Sell You a $33,000 Rolex July 21, 2013 07:50 p.m. Sears, in a counterintuitive strategy, has been working to secure designer clothes and luxury goods for a section of its website open to third-party vendors. Subscriber Content The Morning Ledger: Surging Home Prices Fuel Hopes for Recovery May 29, 2013 06:49 a.m.

Michael Kors

They decided to take white models and paint their faces black and put wigs on them that evoke African-American hair. Damian Bao expresses our opinion perfectly. Why couldn't they have used models of a different ethnicity instead of offensively slathering a model in makeup? Hedi Slimane vs. Cathy Horyn You're bound to get hate when you're the New York Times fashion critic. At Spring 2013 Fashion Week, designers pushed back after Horyn critiqued their collections. Oscar de la Renta compared her to a "stale 3-day old hamburger," and Lady Gaga even rapped about how much she doesn't like the critic. Perhaps the strongest shun was from Hedi Slimane, who was premiering his first collection with YSL and banned Horyn from attending the show! Horyn claims Slimane is holding a grudge from five years ago and Slimane responded by creating a Twitter graphic with the title, "My Own Times." Lynn Tesaro's Slap Tesaro, the PR rep for Zac Posen, was slapped by Marie-Jose Susskind-Jalou, president of Jalou publishing house, at New York Fashion Week in 2013 right before the Posen show. The tiff was over a lack of seating, with Susskind-Jalou and her daughters confronting Tesoro angrily when they were left without seats for the show.

Handbags, watches fashion Michael Kors upbeat forecast

Reporter: Michael kors handbags, chic and exclusive, adorning the arms of hollywood celebrities. Now, the luxury designer who judged "project runway," is asking a real-life judge to weigh in. Michael kors is suing costco for allegedly falsely advertising its bags for at least half the price. It's michael kors' decision if it wants to go down to a lower price point at a store where you're able to buy jumbo-sized toilet paper before you buy a luxury bag. It doesn't necessarily want to make that leap down yet. Reporter: The suit claims that costco set out an e-mail for mother's day, showing pictures of michael kors bags, that advertise the designer purses for as low as $99. The problem is, costco doesn't sell michael kors bags. Michael kors sent its people to 19 costco stores. And found no michael kors purses on the shelves.

Michael Kors' Growth Likely Stayed Hot On Brand Buzz

Kors' gross margin rose 150 basis points from a year earlier. Kors has consistently topped analysts' sales and earnings forecasts since its IPO on Dec. 15, 2011. Currently on the IBD Leaderboard list of top growth stocks, it's up 38% this year. "The quarter was excellent across the board," said William Blair & Co. analyst Amy Noblin. "They beat on comps, revenue and gross margin, and saw strength across all channels and geographies. Results reflected the strength of the brand and its products and growing brand awareness and distribution, Noblin says.