Michael Kors closing up to 125 stores as sales plummet

Luxury retailer Michael Kors will be closing stores due to a decline in sales.

They will shut up to 125 locations over the next two years.

A spokesperson for the company says the closures would help save $60 million in annual costs.

It’s not known at this time which stores will close their doors.

There are four Michael Kors locations in Colorado. The closest to Colorado Springs is the Michael Kors Outlet in Castle Rock.

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s