Michael Kors to close 100 stores

Posted online June 1, 2017 | 11:20 am

Michael Kors finished the fiscal year by announcing it would close more than 100 retail stores.

The company lost $26.8 million in its fiscal fourth quarter.

Michael Kors also experienced an 11.2 percent drop in revenue in the first three months of the year to $1.06 billion, compared with $1.2 billion in the previous year.

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