Michael Kors smartwatch
Uncategorized / septiembre 15, 2017

Worldwide net sales rose 22.5% (19.2% excluding currency gains) during the Third Quarter compared to the prior year quarter. Net sales related to new initiatives, including MICHELE(R) and mass-market watches and the launch of MICHAEL MICHAEL KORS(R) contributed approximately $14 million to the overall sales increase. Worldwide net sales for the Third Quarter were also positively impacted by an approximate $4.7 million special market sale (the “Special Market Sale”). Total international wholesale sales rose 26.5% (19.2% excluding currency gains), driven by a 74.0% increase in other international sales as a result of sales volume growth across all brands, the newly acquired MICHELE watches and the Special Market Sale. Sales in Europe rose 9.7% (0.3% excluding currency gains), reflecting sales volume growth in licensed watches and jewelry, partially offset by a decline in FOSSIL watch sales. Third Quarter sales of the Company’s domestic watch business increased 22.4% despite a 10.9% decrease in FOSSIL(R) watches. Domestic watch sales growth was primarily a result of approximately $7.9 million of sales related to the newly acquired MICHELE watches, double-digit sales increases in RELIC(R) watches, principally due to new customers and new designs, and the launch of MICHAEL MICHAEL KORS and mass market watches. Domestic…