STOCKS: MICHAEL KORS’ RESULTS SEND MESSAGE TO SKEPTICS

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Michael Kors Holdings, the handbag replica and accessories maker posted a comparable sales drop that was much smaller than had been expected, allaying the concerns of some investors that the business growth has come to a stop.

Kors shares surged by up to 19% their biggest percentage gain for a single day in the past two years, after the third quarter results were posted by the company and easily beat Wall Street expectations.

Kors was once the hottest affordable luxury name in the market and had posted sales growth in the double digits until 2014, helped in part by its great success in sales of $300 bags and hype of former TV show judge of Project Runway and founder Michael Kors.

However, in a bid to sustain its sales growth, the company expanded rapidly across North America in a move that made its handbags outlet become commonplace for women who are fashion conscious.
John Idol the CEO of Kors said the industry became too focused on the michael kors replica handbags price point of $300.

Kors is innovating aggressively now cheap michael kors as well as expanding its presence online, which helped to drive sales during the holiday quarter.Its sales, at its established stores were down by 0.9% during the quarter that ended on December 26, compared to a drop of 4.5% that had been forecasted.

Sales increased by 2% on a constant currency basis marking the first increase in the past four quarters.While fashion trends shift towards the cross body lower priced bags as well as satchels reduced the average revenue michael kors outlet uk per unit during the third quarter, it also helped the company see a growth in double digit percentage in units sold.

In North America, the company’s largest market, comparable sales rose in the low single digits.In Europe, the second largest market, revenue increased by 14.2% during the quarter, amidst austerity measures, which have otherwise tightened spending across the region.

Overall revenue increased 6.3% to end the quarter at $1.4 billion with attributable net income dropping to $294.5 million compared to $303.6 million in the same quarter one year ago.

Why Kate Spade Replica & Company Plunged 25.1% in April

What happened
Shares of Kate Spade & Company (NYSE:KATE) fell 25.1% in the month of April, according to data provided by S&P Global Market Intelligence, after reports that the luxury lifestyle-products bags replica specialist wanted more time to consider a buyout offer, then announced disappointing first-quarter 2017 results.

So what
Kate Spade popped nearly 29% in February after the company revealed it was evaluating strategic alternatives. But after industry peer Coach Inc. reportedly presented an offer michael kors handbags replica  in late March, Kate Spade shares fell as much as 16% in a single day in early April after sources speaking to Reuters said it needed a few more weeks to negotiate a potential deal.

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However, shares declined another 6.3% on April 18, 2017, when Kate Spade announced first-quarter 2017 results that missed expectations, stoking worries that its approach may have michael kors handbags outlet backfired. Quarterly revenue declined 1.1% year over year, to $271.2 million — below estimates for $299 million — including a 2.4% decline in same-store sales.

Net income also fell to $1.36 million, or $0.01 per share — below estimates for $0.07 per share — though that included $7 million in one-time pre-tax store impairment charges, and $2 million in fees and expenses related to its ongoing review.

Now what
Kate Spade investors shouldn’t rule out a potential michael kors handbags replica acquisition. The company didn’t hold an earnings conference call and declined to provide forward guidance last month, noting management was continuing “to evaluate strategic alternatives to further maximize value for our shareholders.” And to make matters even more interesting, Michael Kors has been reported as another interested suitor.

Given the combination of uncertainty surrounding bags outlet the process, Kate Spade’s underwhelming first-quarter results, and the company’s meteoric rise leading up to the start of last month, it’s hard to blame investors for taking some of their profits off the table in April.

Michael Kors on Higher Quality Replica Handbags to End Sales Funk

Once one of the trendiest stocks around, fashion house Michael Kors (KORS, -2.18%) has been slipping on the runway of late.
Reeling from years of over-expansion in the once-hot handbag market and too much focus on promotions, Michael Kors (KORS, -2.18%) reported another quarter of poor numbers on Tuesday, included a 6.4% drop in sales at the company’s retail stores open at least 12 months in its third fiscal quarter, stripping out currency fluctuations. Sales at department stores fell 18%, the result of a previously announced plan to pull back on promotion heavy stores like Macy’s (M, -1.77%).Kors’ shares fell 11% to hit a new 52-week low.

For years, Kors had been exploding in popularity, boosted by an insatiable appetite for michael kors replica handbags that prompted it to open stores quickly. In its bid to grow quickly, Kors focused more on the low end than any upscale aspirant should. And the result has been a hit to its fashion cred and willingness of shoppers to pay full price, a predisposition that won’t come back so easily.

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So to remedy that, Kors will ramp up cheap michael kors the craftsmanship and offer higher quality leather as it looks to convince shoppers to pay up for its wares. The strategy echoes that of Coach (COH, -1.68%), which after two years of sharp declines has been on the upswing for three straight quarters. Coach said last week that handbags $400 and up accounted for half of sales last quarter, up from 30% a year earlier.

And like Coach—and to some degree fashion chains like Gap Inc (GPS, +0.75%) and Abercrombie & Fitch (ANF, -0.17%)—Kors is looking to repair its image with higher quality products.

“There unique and innovative michael kors bags replica techniques, including artisanal craftsmanship, iconic hardware details and intricate mixed-media leather will enhancer glamorous handbag offerings,” Michael Kors CEO John Idol said during a call with Wall Street analysts.

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Kors has also been buffeted bags outlet from the trend away from large cheap michael kors handbags outlet to smaller, cross-body versions, which tend to be less expensive.Sales in the Americas decreased 7.4%, while European sales fell 7%. Sales in Asia surged 89% because of the previously licensed operations handbags replica in the region that it has acquired. Total company revenue decreased 3.2% to $1.35 billion, while its net income of $271.3 million fell from $294.6 million a year earlier.

Make for Exciting 2017 Designer Handbag Replica Bingo/Tricky Tray!

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The Jefferson Arts Committee will host its sixth annual bingo fundraiser and tricky tray featuring numerous well known designer handbags replica including Coach, Tommy Hilfiger, Kate Spade, Vera Bradley, Calvin Klein, Brighton, Dooney & Bourke, Michael Kors and more! This 2017 event is on Friday, June 9 at the Jefferson Township High School cafeterias, 1010 Weldon Road, Oak Ridge, NJ with doors opening at 5:30 pm and calling to begin at 7 pm.

Admission is $25 pp and includes three bingo boards for michael kors replica handbags each of the 20 games to be played – that’s 60 chances to win a beautiful handbag and extra bingo boards can be pre-ordered for $5 each (extra boards will be available at the event for $10 each).  Daubers must be used for the bingo games – bring your own or purchase one that evening for a nominal charge.

Reserved seating is required as seating is limited, and reservation forms are available at http://jeffersonarts.org/forms.html, www.facebook.com/JACBingo (LIKE our page while you’re visiting and check now and then for updates and information), or via an email to coachverab@yahoo.com   Don’t delay because this event is always sold out!

mmksFor those who wish to participate for more exciting fun after the bingo games, there will also be a special Tricky Tray featuring more designer handbags and accessory cheap michael kors items, gift cards and certificates, jewelry, etc. as well as a 50/50 raffle.  You can choose to also take a spin at the “Wheel of Chance” for an opportunity to win other beautiful designer handbags and purchase tickets for the amazing handbags outlet Specials being offered this year – including a 40” LED Smart TV, Vera Bradley sets each worth over $400, a Coach watch, and a Coach jewelry set!  Super specials include Disney Hopper passes, Vera Bradley luggage and more!  Tickets will be sold at the event for these activities.

For the convenience of the guests, three meal choices will be available from Frank’s Pizza Restaurant of Oak Ridge, and you can pre-order and pay for your choice of an Italian Wrap,  a Grilled Chicken Caesar, or a bowl of Penne Vodka pasta right on your event registration form.  Snacks and refreshments michael kors replica handbags will be available for purchase with complimentary coffee, tea, and dessert.  No coolers or alcoholic beverages allowed, and no one under 18 admitted.

Questions can be directed to Renee at coachverab@yahoo.com or 973-697-4840.  However, all reservations and payment must be mailed to the Arts Committee’s post office box according to the instructions on the form – absolutely no reservations will be accepted in person or by phone bags replica.

Tickets still on sale for ‘Bags,Replica’

Tickets remain on sale for the annual “Bags, Replica” fundraiser for Children’s Alliance Center of Palo Pinto County.

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This year’s event is April 6 at Genesys Aerosystems’ airplane hangar at One S-Tec way near Mineral Wells Municipal Airport. The doors open at 5:30 p.m., with the event from 6 p.m. to 9 p.m. Returning this year as guest emcee is WBAP-TV (Channel 8) news personality Marlee McCormick.

This fundraiser kicks off “Child Abuse Awareness Month” in April.

Tickets are currently on sale at CACPPC’s offices located at 204 S.E. 3rd Ave. Advance tickets are $40 per person, or $50 at the door. Tables that have been sponsored will be guaranteed reserved seating. All other (general admission) seating will be open and based on a first-come, first-serve basis.

One ticket to “Bags, Replica” includes 20 Bingo game cards for the ticket holder to play for the chance to win designer michael kors replica handbags  which retail from at a minimum $200. Additional game cards will be sold at the event for those who want to increase their odds of winning a specific bag. There will be light snacks, water, Coke and Sprite served. A cash bar will also be available.

“We have enlarged our seating capacity, so come on and join the fun, while supporting a great cause,” said CACPPC Executive Director Linda Porter-Bradford.

Proceeds from ticket sales and sponsorships for this flagship event will help the CACPPC fulfill its mission: “Uniting collective efforts to prevent child abuse, reduce trauma of abuse, and protect children, while restoring the families of our community.”

Attendees will play games of Bingo for chances to win replica handbags from designers such as Dooney & Bourke, Brighton, Louis Vuitton, Kate Spade, Ralph Lauren, Tory Burch, Kenneth Cole, Vera Bradley and Michael Kors. The bags outlet are modeled along a runway by local and area law enforcement officers, fire fighters and first responders.

Title sponsor for this always popular event is Ken Williamson and First Financial Bank of Mineral Wells.

Kate Spade seeks more time for talks Michael Kors handbags Outlet

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Michael Kors replica Handbag and accessories maker Kate Spade will spend a few more weeks negotiating a potential sale of the company after receiving an offer last week from Coach, three people said on Monday on condition of anonymity.

Michael Kors also remains interested in Kate Spade, though it has not been pursuing an acquisition of the company as actively as rival fashion accessories maker Coach, the people said.Giving the sale process more time allows potential buyers to better assess Kate Spade’s first-quarter sales and negotiate a potential deal, the people added.

Kate Spade shares ended trading on Monday down 1.85 percent at $22.80, giving it a market capitalization of around $2.9 billion. If Kate Spade manages to negotiate a sale of the company, a deal would very likely value it below that level, according to the people. It is also possible that negotiations end without a deal, the people cautioned.
Michael Kors and Coach declined to comment, as did Kate Spade.

Affordable luxury brands such as Michael Kors and Coach have suffered after they expanded their retail presence too quickly and sold too heavily in outlet stores, diluting the exclusivity that once caused shoppers to line up for the next hot handbag replica.

These brands have been hurt as fewer shoppers in malls have led to fewer handbag outlet sales, while a stronger dollar has made it difficult for them to maintain their popularity with tourists visiting the United States.

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Kate Spade would offer Coach or Michael Kors greater pricing power with department stores, as well a younger clientele.Coach has been seeking to diversify its business beyond Michael Kors replica handbags. It paid $574 million for designer footwear company Stuart Weitzman in 2015.

Michael Kors, which sells apparel,Michael Kors handbags for sale, watches and other accessories, said in its most recent earnings call it was “actively looking” at potential acquisitions and that it probably would not do small deals. The company has been focused on a turnaround by improving its outlets and stores.

Kate Spade has been under pressure from a small New York-based hedge fund, Caerus Investors, whose stake in the company could not be determined. Caerus sent a letter to Kate Spade’s board in November, stating it was “increasingly frustrated” by the inability of the retailer’s management to achieve profit Michael Kors bags outlet margins comparable with industry peers.

Separately, investor Barry Rosenstein’s activist hedge fund Jana Partners has also revealed a small stake in the company.

March Malls: Kate Spade Vs. Michael Kors Vs. Replica

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Retail channel checks indicate that trends over the first Michael Kors bags replica three weeks of March had improved only were “minimally” from those witnessed in February, Wedbush’s Morry Brown said in a report. He added that while promotions were “broadly higher” year-over-year throughout bags outlet malls, sales remained weak and highly volatile, with conversion rates being low and inventories a concern area.

Easter is on April 16 this year, versus March 27 in 2016. While this shift Michael Kors bags outlet uk would drive sales in April, brands would be able to boost late-quarter sales only at the cost of margins, Brown commented.

Key Takeaways For Handbags

The handbag landscape continues to be challenging, with the performance of Kate Spade & Co
KATE 1.05%
being the best.

Kate Spade: “KATE appeared to maintain promotional discipline cheap Michael Kors handbags in the face of mall traffic headwinds,” the analyst mentioned. Kate Spade’s Moroccan themed collection and Isobel bags benefited from a positive reception and the brand’s “superior in store experience” likely boosted sales.

Michael Kors Holdings Ltd KORS 0.89%: Promotions rose year-over-year. “We do not believe the Spring Style Event Michael Kors bags generated meaningful traffic into Kors boutiques…We believe inventories in the department store channel continue to be elevated,” Brown wrote.

Coach Inc COH 0.54%: Although Coach’s Private Event was extended by two additional days, it was made public Michael Kors outlet only at select locations. Selena Gomez was announced as the brand ambassador in December 2016 and she would be appearing in Coach’s Fall 2017 fashion campaign. “We believe this collaboration replica Michael Kors can be a positive for the Coach brand,” Brown said.

Ratings And Price Targets

Kate Spade: Outperform, price target of $19
Michael Kors: Neutral, PT at $36
Coach: Neutral, PT at $38
Related Links:

March Malls: Urban Outfitters Vs Michael Kors replica hanbags. Victoria’s Secret Vs. Old Navy

Handbag Wars! Kate Spade And Coach Seek To Capitalize On Michael Kors’ Retreat

MICHAEL KORS DEBUTS THE SPRING 2017 CHAPTER, A 360-DEGREE STREET STYLE HANDBAG CAMPAIGN REPLICA

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On March 2, 2017 — Michael Kors was pleased to announce the latest iteration of Michael Kors The Walk. Launching on February 28, the campaign moved to California this season, with the influencers captured on the streets of Los Angeles. The campaign stars four trendsetters with distinct style Michael Kors handbags replica personalities: actor and singer Hailee Seinfeld, actress Kelly Rohrbach, singer, songwriter, dancer and performance artist Jillian Hervey of LION BABE and model Hikari Mori. In keeping with previous seasons, the campaign was lensed by renowned street style chronicler Tommy Ton.

“Sunny Los Angeles was the perfect destination to celebrate the arrival of spring,” says Michael Kors of the new campaign. “These four women have adventurous and optimistic styles that set the tone for the season.”

This season, the four stylesetters carry Michael Kors handbags outlet from the Mercer line from MICHAEL Michael Kors, including the Mercer Tote, Mercer Duffle and Mercer Crossbody. Renowned London-based illustrator Daisy Emerson hand painted designs on each bag that reflected the individual’s personality. The four It girls further customized their Michael Kors replica bags by layering them with Scout camera bags, Michael Kors x FUJIFILM INSTAX? Camera and a wealth of keychains and wallets in bold colors.

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The interactive, shoppable experience on MichaelKors.com also includes a dynamic influencer- and user-generated content component built in collaboration with enterprise social technology platform Sprinklr. Fans can engage with the campaign by Michael Kors outlet handbags posting street style photos of themselves wearing Michael Kors on Instagram and Twitter with #SidewalkSpotted, and a selection of user posts will be featured on the Michael Kors The Walk platform, MichaelKors.com/TheWalk.

The campaign is the third in an ongoing series, with new style personalities joining Michael Kors The Walk each season to spotlight key handbags replica and ready-to-wear. Profiles of the four influencers will run on the brand’s editorial platform,

About Michael Kors
Michael Kors is a world-renowned, award-winning designer of luxury Michael Kors handbags replica accessories and ready-to-wear. His namesake company, established in 1981, currently produces a range of products under Michael Kors Collection, MICHAEL Michael Kors and Michael Kors Mens, including accessories, footwear, watches, jewelry, ready-to-wear and a full line of fragrance products. Michael Kors stores are operated handbags outlet, either directly or through licensing partners, in some of the most prestigious cities in the world, including New York, Beverly Hills, Chicago, London, Milan, Paris, Munich, Istanbul, Dubai, Seoul, Tokyo and Hong Kong.

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Forward-Looking Statements
This press release contains forward-looking statements. You should not place undue reliance on such statements because they are subject to numerous uncertainties and factors relating to the operations and business environment of the Company Michael Kors replica bags, all of which are difficult to predict and many of which are beyond the Company’s control. Forward-looking statements include information concerning the Company’s possible or assumed future results of operations, including descriptions of its business strategy.  You should understand that these statements are not guarantees of performance or results. They involve known and unknown risks, uncertainties and assumptions. Although the Company believes Michael Kors handbags replica that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect its actual financial results or results of operations and could cause actual results to differ materially handbags outlet from those in these forward-looking statements.

Michael Kors: Has the luxury brand replica become a outlet of its own success?

It’s said that image is everything in fashion, and for luxury brand Michael Kors bags replica, that image has begun to tarnish.
For more than a year, fashion insiders, from style bloggers to financial analysts have been warning of “the coming crash” of Kors’ lifestyle company, Michael Kors Holdings.They’re worried that in the three years since the company went public outlet, it’s been opening so many stores that it’s at risk of oversaturating its own market — a prospect that could doom the brand trade.
There were just 231 Michael Kors stores around the world in late 2011; today, there are 509 stand-alone stores and nearly 200 licensed locations worldwide. That huge expansion cheap bags outlet has translated into big increases in sales over the last few years, particularly at the brand’s highly popular outlet stores. In any other industry, more sales and more customers would be a good thing. But in high-end fashion, too much popularity can be fatal.

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Annamma Joy, a professor in the faculty of management at the University of British Columbia Michael Kors bags who has researched what drives luxury brand buyers, says while most fashion lovers seek out the latest styles so they can feel they fit in with the latest trends, the luxury shopper is looking for the opposite: they want to stand out. High end shoppers are more concerned with using luxury brands bags outlet to curate looks that no one else has.
“Luxury is exclusive because luxury is rare,” she says.Most of Michael Kors’ high-end designs remain decidedly exclusive — if for no other reason than their high price tags. And the 56-year-old Kors is still “American fashion’s golden boy,” as Vogue declared him last month when he unveiled his fall collection at New York Fashion Week. That collection won Kors plenty of cheap Michael Kors replica praise from fashion scribes who admired his approach to “opulent restraint.”
The problem appears to be the handbags replica.

For too many fashion lovers, Michael Kors’ bags outlet have become annoyingly ubiquitous. And when a luxury item is everywhere, it begins to feels ordinary, Joy says.
The problem for so many high-end fashion brands is that they rely heavily on their handbag and accessories market. Even for the highest of the high-end brands, it’s the smaller goods such as perfumes and handbags trade, that make up the bulk of their sales, Joy says.
Fashion companies love these items because they are one-size-fits-all, easy to produce, and carry huge profit margins. Customers love smaller items too because they are the ideal way to “buy into” a brand and own a piece of luxury without spending the tens of thousands of dollars needed to take home a full outfit.

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Michael Kors decided to go after these “aspirational luxury” shoppers by selling his cheap handbags export in easily-accessed suburban outlet stores. While the Michael Kors bags replica could hardly be called cheap, at $200 and up, they are affordable by luxury brand standards.
But by successfully bringing his bags outlet to the masses, the Michael Kors’ brand may have lost its air of exclusive luxury, becoming in a sense, a victim of its own success.
Of course, Kors isn’t the first to threaten its brand’s cachet by becoming too popular.

Only a few years ago, Coach headed down the same path — and into the same predicament –that Michael Kors finds itself in today.
It began aggressively opening new stores a decade ago, placing much of its focus on outlet stores to attract new customers in suburban centres. The strategy worked and women looking to grab a small piece of high-end fashion rushed in to snap up leather goods festooned with Coach’s now well-known ‘C’ logo. By 2013, factory outlet sales made up 70 per cent of Coach’s overall retail sales.
But as the Coach logo began showing up on everyone’s arm from soccer moms to babysitters, Coach’s image began to tarnish. Not only was Coach no longer seen as upscale and exclusive, it soon found itself struggling against upstart competitors Kate Spade and Michael Kors who were following its expansion model.

In the last two years, Coach has been attempting to turn back time, closing 70 stores, most of them outlets and doing away with deep discounts. It’s also courting the European market more by opening a flagship store in Paris for the first time, as the company attempts to grow beyond Michael Kors handbags outlet into a “premium lifestyle brand.”

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Louis Vuitton has also struggled with over-saturation. Its line of high-end luggage and handbags replica have been admired in Europe for more than 100 years, but in the late 1990s, the brand decided to focus firmly on a new market, Asia, where the company opened dozens of new stores.

While the luxury fashion world has undergone an upheaval over the last two decades brought on by a push into new international markets and a move toward mass production for outlets stores, French label Hermes has remained quietly stalwart.
While others lowered prices and began factory-producing items, Hermes has continued to hand make each of its Michael Kors handbags trade, one by one. In the case of some of its most coveted items such as its well-known Birkin bags outlet, only a few are made each year and only for preferred customers who custom order them months in advance.Joy says keeping their prices high and limiting supply, Hermes has managed to hold onto its cachet by taking the opposite approach of many lower-price, high-end brands.

Michael Kors Replica and the outlet It bags

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But to succeed in the affordable It bag market, a bag needs to be aspirational as well as affordable. The replica mk bags funnel the gloss of the high-end Michael Kors bags outlet brand, whose New York fashion week catwalk show is always a fiesta of front-row socialites, creating a name that feels glamorous to a hungry British audience. (The name of the more inexpensive “Michael” Michael Kors brand seems designed to deliberately blur the line with the more pricey Michael Kors line. This is a contrast to, for example, Miu Miu, which has a standalone name and identity from the Prada mothership.) When Mulberry was selling handbags replica for under £500, Kate Moss was wearing them; I recently saw the beautiful young British model Malaika Firth, a current Vogue favourite, carrying a Michael Michael Kors Selma on to a plane. Miranda Kerr, Jessica Alba and Selena Gomez have all been photographed with Selmas and Sophies.

 
Images of women like this looking blow-dried at airports are key to the appeal of the brand. Certain themes recur when retailers talk about what their customers love about Michael Kors: “The Harrods clients respond to the glamorous lifestyle that the Michael Kors brand represents,” says Simon Longland, Harrods’ head of fashion accessories. At John Lewis, where the brand is now a top seller in both outlet mk handbags and watches – a market where, similarly, prices of the top names have spiralled out of reach of all but the tiniest number – head buyer Amanda Scott feels her customer “loves the luxury lifestyle Michael Kors offers”.

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The Michael Kors brand is unusual in luxury in that it prides itself on being democratic. There are a wide range of price points and the company’s most recent high-profile hire, announced earlier this month, is the arrival of Cathy Marie Robinson as a senior vice president and global operations. Robinson, who began her career in the army, currently holds an equivalent position at Toys’R’Us. But interestingly, both Longland and Scott describe the Michael Michael Kors bags replica as “iconic”. As well as clever brand positioning and smart marketing – and the open goal left in the British market by the likes of Mulberry – the aesthetic of the Selma and Sophie outlet bags has played a huge role in their success.

 
Where the initial Mulberry It bags replica were built on utilitarian references – the Bayswater is a reimagining of a doctor’s bag – the Selma and the Sophie, with their nods to Hermès and to Céline, place themselves in the lineage of sleek, international power dressing. “Jet set” is a phrase the brand uses frequently, and the bags cheap outlet merge classic travel references with their contemporary equivalents. The look is part Jackie Kennedy on the steps of Air Force One, part Miranda Kerr at LAX. The details are right: the gold studs on the base, a practical touch so that you can rest the bag on the floor; a printed silk lining; a phone pocket. But the most important detail is very, very simple: the magic £300 price tag.