Michael Kors Suffered A Crisis In Its First Quarter Sales Performance

Michael Kors, a luxury brand in the US, released its first quarter earnings a few days ago. Its sales in North American same store plummeted 9.5%, following a further decline of 6.7% in the previous quarter.

In terms of total revenue, there was an increase of 7.3%, with an overall income of $986 million and an increase of 13.4% under the fixed exchange rate.

In terms of other income,

Growth of 9% to $523 million 300 thousand,

An increase of 16% downstream.

Wholesale income rose 4.2% to 424 million dollars, and the fixed exchange rate increased by 9.7%.

Authorized revenue rose 20.5% to $38 million 716 thousand.

according to

(Michael Kors) published earnings data show that as of June 27th, the first quarter of Mike Michael Kors (Michael Kors) net profit recorded $174 million 400 thousand, compared with the same period last year, down 7.1%.

In the first quarter, the negative impact of the euro's weakness, Mike's Michael Kors Europe's market growth of 16.9%, reaching 216 million 800 thousand U.S. dollars, the fixed exchange rate increased by 42.4%.

The North American market as the main market increased by only 1.2% to 727 million 300 thousand dollars, and the fixed exchange rate increased by only 1.9%.

On the Asian side, the Japanese market recorded an increase of 32.7% in the first quarter to $19 million 600 thousand and an increase of 57.4% under the fixed exchange rate.

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American street graffiti artist Joseph Tierney recently filed a lawsuit against California designer Moschino and her creative director Jeremy Scott in the federal court of Italy, on the grounds that the last autumn / winter series of Moschino was suspected of plagiarizing his murals, Vandal Eyes, a work he was commissioned to create in Detroit in 2012.

Katy Perry also wore this series of long skirts to attend the dinner hosted by the Metropolitan Museum of Art clothing academy in New York this spring.

Tierney said the defendant not only copied his murals but also embezzled his signature Rime and added his brand name.

This pattern has also been used in advertising and media campaigns around the world.

Tierney further indicated that Moschino (Moschino) profited from his design, but his reputation was damaged.

In the prosecution document, the artist wrote that Katy Perry's clothes were "rated worst dressed", and she and Scott showed up at the metropolitan dinner with the imitation inkjet pots, making Tierney's works linked to "stupid commercial advertising gimmick", which damaged his reputation as a street artist.

Tierney besides asking for compensation, it also calls for the recall and damage of the alleged infringing clothes.

At present, Moschino has not yet responded to the matter.