Sales at it luxury division rose 8 per cent last year.Mr Pinault is also betting that wealthy Americans are beginning to change their habits. "The way of life here has been to not dress up, but the US shopper is becoming more sophisticated."Sarah Willlersdorf at Consulting Group agrees that the wealthy millionaires and billionaires in the States have traditionally spent their cash on cars and experiences rather than expensive clothes, but that now what BCG calls the "personal goods" sector is about to enter a boom period.She says: "The aspirational masses here do want to spend on luxury they want to spend on brands, and it is growing. There is a huge change in the desire to buy brands."BCG expects that by 2020 the US will have more than a third of the luxury market and will still be bigger than China's high end sector. There are many reasons the CFDA islaunching New York Fashion Week: Men said Steven Kolb, CEO of the CFDA. michael kors italia
The shimmering grey/silver color makes the dress wearable with any color accessory and adds a neutral tone.
The michael kors italia Kors Spring 2014 advertising campaign follows the theme of dreamy spring romance. The campaign was shot by famed photographer, Mario Testino, on location in sun drenched Cabrillo Beach, California. "When the weather starts to get warm, our thoughts and attitudes turn to something a little bit more romantic. We wanted to convey that relaxed, carefree sensibility in the campaign," says michael kors italia michael kors italia. Testino captured Kors' latest collection on models Karmen Pedaru and Simon Nessman en route to a romantic getaway.. What is more impressive is Kors' revenue and net income growth that grew by more than 50% in almost every quarter since its IPO in December 2011. In comparison, Coach's revenue and net income grew at a much lower pace during the same period. In the latest quarter ended on March 29, Coach's total revenue, net income, EPS and comparable store sales had declined, while Kors' business had grown substantially. Looking to fiscal 2015, we anticipate opening 45 North America retail stores and remain confident that the market can support 400 stores in the long term. We are also planning to expand the footprint in select retail stores in key major cities. We are seeing an increasing customer demand for our luxury products and we see an opportunity to expand certain categories, including women's footwear, women's ready to wear, watches, and jewelry in our stores.. michael kors italia