Struggling Retailer Michael Kors May Look For An Acquisition Play

Michael Kors once again missed sales for its third fiscal quarter.Same store sales decreased about 7%. The company’s revenue was down from $1.40 billion is sales to $1.35 billion is sales. John Idol, Micheal Kors CEO is  considering taking a look at purchasing Kate Spade which is on the block for sale.

Do you think the fashion retailer is coming up with  great styles for the upcoming spring season? Who is your favorite handbag designer?

We would love to get a conversation going about your choices for fashion and accessories.

Photo Credit: https://www.flickr.com/photos/31954284@N07/16711358419

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BEBE Closing Stores Amid Shopping Mall Havoc

BEBE  is planning to close twenty five of its retail stores. Store sales are slow and this is another example of retail chain stores rethinking their business models to stay alive. Another retailer facing massive competition from online sales and declining revenue.Gross margins did increase due to sales and big markdowns to move merchandise out of the stores.The chain will also decrease its store footage about 15%.

Do you think BEBE styles are enough to keep you still going to the store? Do you find that you are getting better deals online?  What do you think they could do to increase your likelihood to buy at their stores?

Photo Credit: https://www.flickr.com/photos/135504457@N06/26863344685

BCBG Getting Ready for Chapter 11- Closing Hundreds of Stores

BCBG is in preparation to file Chapter 11 and restructure  itself. The company has reported that it will start closing 120 stores and hold liquidation sales. It will focus on its internet presence and focus on the operations end of the business.

Looks like the retailer is another victim of online shopping, where most consumers seem to be swiping their credit cards lately.

Photo credit:https://www.flickr.com/photos/tammymanet/3848983013/in/photostream/