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Katie O'Brien

Positive Predictions for Michael Kors

Michael Kors (NYSE: KORS) will continue to grow, according to Bank of American Merrill Lynch analyst Robert F. Ohmes, Bidness Etc. reported. Ohmes also maintained the company can successfully spread to European, Japanese and Chinese markets.

“Upsizing over-productive stores and increasing footwear and women’s ready-to-wear; continued DD% growth in accessories in North American (estimate market growing ~6%), Europe, and Asia; strong US e-commerce growth with launches in Canada in 2016, and in Europe and Japan in 2017; and expansions of men’s category (currently 5% of sales, expect main push in 2017),” Ohmes said, according to Bidness Etc.